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Thanks bro JarcolLo... Huat ah!!!

JarolLo      ( Date: 01-Oct-2013 22:54) Posted: Bro novice, I just PM you. novice_trader      ( Date: 01-Oct-2013 21:38) Posted: Bro Stockcham, any advice on Asian mic and the fishy China Fish??? China Env had a roller coaster ride, wanted to buy at 0.53 but wasted no balls to buy, otherwise making profit in a Red Day... Huat ah!!!

 

Lol.....what I mean is that peoples still think it will go up so keep holding on to it....lol

Huat ah!

stockbabe      ( Date: 01-Oct-2013 22:54) Posted: Because the famous quote is 'buy on fear' when market down mah.. Lol!! Stockcham      ( Date: 01-Oct-2013 22:51) Posted: I thought of something interesting. When market is good, peoples buy stocks because they think it will go up. When market go down, peoples still think it will go up. Something is wrong somewhere....lol. Huat ah!

 

Bro novice, I just PM you.

novice_trader      ( Date: 01-Oct-2013 21:38) Posted: Bro Stockcham, any advice on Asian mic and the fishy China Fish??? China Env had a roller coaster ride, wanted to buy at 0.53 but wasted no balls to buy, otherwise making profit in a Red Day... Huat ah!!!

 

Because the famous quote is 'buy on fear' when market down mah.. Lol!!

Stockcham      ( Date: 01-Oct-2013 22:51) Posted: I thought of something interesting. When market is good, peoples buy stocks because they think it will go up. When market go down, peoples still think it will go up. Something is wrong somewhere....lol. Huat ah!

 

I thought of something interesting.

When market is good, peoples buy stocks because they think it will go up. When market go down, peoples still think it will go up. Something is wrong somewhere....lol.

Huat ah!

 

Bro, you talk like analyst from Business Times. Swee! That's why I said must hear from you.

Afternoon got some shorts covering which helps it move higher. I agreed with what you said. I also nearly chiong in but think back better 'lun' first. Better to buy safely than to buy low because low may go lower.

Huat ah!

joseeng      ( Date: 01-Oct-2013 22:15) Posted: Bro, am no discipline master la, just my 2c views. Today mkt indeed closed fairly well, exceeded my expectations in fact. Even I was tempted to enter when they started moving up...lol Recent curbs by uobkh has dented some interest in pennies but seems like mkt has shrugged off this. Even the US shutdown has little impact on mkt, so I guess mkt has priced in this too. So wat can re-ignite the mkt? No catalyst in sight for this week imho, so I guess mkt gonna trade sideways. Selective pennies maybe still in play but i dun expect to see big chiong...stay nimble and gd luck to those vested....huat ar! Stockcham      ( Date: 01-Oct-2013 19:39) Posted: Today's market closed quite good. Even the 2 kena curb counters managed to close green. I think peoples are immune to curbs now. Have to see how the market close tomorrow and the volume. For me, tomorrow I may or may not trade(Don't know can tahan or not...my hand very itchy liao...lol). Even if I want to trade, I will only buy Amplefield. As I have said this counter BBs support is strong. Almost everyday close up a little bit. Today close at  a critical price of  81. This is a tough resistance previously. The other time it break it intraday but end up close below it. Now it is interesting to see what will happen tomorrow. I bet that if Dow close green tonight, this one should gap up and the big sell queue will be line up all the way to 90. We shall monitor this and see what we can learn from this counter. Before anyone thought of chiong in tomorrow if Dow green, it will be good to hear  Bro joseeng's view on the market direction. He is the discipline master here. Better hear him out. Huat ah!

 

Bro, am no discipline master la, just my 2c views. Today mkt indeed closed fairly well, exceeded my expectations in fact. Even I was tempted to enter when they started moving up...lol

Recent curbs by uobkh has dented some interest in pennies but seems like mkt has shrugged off this. Even the US shutdown has little impact on mkt, so I guess mkt has priced in this too.

So wat can re-ignite the mkt? No catalyst in sight for this week imho, so I guess mkt gonna trade sideways. Selective pennies maybe still in play but i dun expect to see big chiong...stay nimble and gd luck to those vested....huat ar!

Stockcham      ( Date: 01-Oct-2013 19:39) Posted: Today's market closed quite good. Even the 2 kena curb counters managed to close green. I think peoples are immune to curbs now. Have to see how the market close tomorrow and the volume. For me, tomorrow I may or may not trade(Don't know can tahan or not...my hand very itchy liao...lol). Even if I want to trade, I will only buy Amplefield. As I have said this counter BBs support is strong. Almost everyday close up a little bit. Today close at  a critical price of  81. This is a tough resistance previously. The other time it break it intraday but end up close below it. Now it is interesting to see what will happen tomorrow. I bet that if Dow close green tonight, this one should gap up and the big sell queue will be line up all the way to 90. We shall monitor this and see what we can learn from this counter. Before anyone thought of chiong in tomorrow if Dow green, it will be good to hear  Bro joseeng's view on the market direction. He is the discipline master here. Better hear him out. Huat ah!

 

Bro Stockcham, any advice on Asian mic and the fishy China Fish???
China Env had a roller coaster ride, wanted to buy at 0.53 but wasted no balls to buy, otherwise making profit in a Red Day...

Huat ah!!!

 

Today so many talking abt cut losses...sigh. Cut half albedo...slap slap fr not selling all after good piece of advice frm bro SC...listen half haha. Busy wif work so bgt ezion yst when down to 2.24. Hope will chiong but not easy wif us shutdown n tis counter has high gearing.

 

Actually Hiap tong I was hoping for an angle to rescue me... Last 2 weeks it ran up, I thought it's coming to rescue me, however worst go and average and didn't bail out... The rest of the counter after Hiap tong, think I bail out quite fast except innopac... That one killer also... Guess what u said is true bro Joseeng, I need to learnt from these mistakes....

However, I will still keep a lookout for Hiap tong, remember those counters I sell always chiong... Hahaha...

joseeng      ( Date: 01-Oct-2013 17:59) Posted: Bro, a mistake is a mistake. But it will be a bigger mistake if u did not learn from your mistake. So ask yourself, did u learn anything? If u did, then gd for u and your money is well spent....cheers novice_trader      ( Date: 01-Oct-2013 17:13) Posted: Sometimes just cut... My Hiap tong... Finally cut it off me... Ave think 0.30 bah... No eyes to see just press sell... Haiya... No use crying over spill milk, bro Stockcham see this post later got chance sure will wack me up... Hahahah... This will be the last mistake for me...

 

Sometimes taking profits are equally hard..lol

 

Ya i think i need to learn how to cut loss ,always don wan cut straight ,think think finally loss more , all profit return to other ppl

 

Aiyo sis, dun wanna dig up my past la, so embarrassing....lol....if i din pay tuition fees, I wun be wat I am today...cheers.

stockbabe      ( Date: 01-Oct-2013 20:30) Posted: Lol!! But the way you trade very safe and discipline maybe won't need pay too much tuition fee. Last time got anyhow chiong meh lol!! joseeng      ( Date: 01-Oct-2013 19:50) Posted: Sis, I believe everyone here will pay tuition fees throughout their trading experiences....huat ar

 

just to share my lessons learnt, once my sl is triggered, i had to bite the bullet n cut the losses. if "hope" ever came into my mind when deciding to cut, i cut immediately.... once u take care of managing losses, the profits will come naturally

 

Hahahaha.... Yes, must set a limit to cut, like what be muifan said, 3 pips down... Think its good to try this method. Btw, this week is another boring week? No way to make $$$? I cant short lah, I'm already short so how to short??? Lol... Hahaha. Huat ah!!!

Stockcham      ( Date: 01-Oct-2013 19:47) Posted: If you lose money I won't whack you one, your wife and children will whack you. Your style of holding durians never change since I know you. When a counter chiong a lot, you will still ask can  buy boh. Before you ask  this question, I will ask you first...will you cut boh if drop?..lol....Bro, I just don't want to see you keep losing money lah. Huat to you! novice_trader      ( Date: 01-Oct-2013 17:13) Posted: Sometimes just cut... My Hiap tong... Finally cut it off me... Ave think 0.30 bah... No eyes to see just press sell... Haiya... No use crying over spill milk, bro Stockcham see this post later got chance sure will wack me up... Hahahah... This will be the last mistake for me...

 

This is good advice. I believe many of us do not know how to cut and keep hoping a counter cheong up even when its down, 3pip,    5pips,  10 pips..

We just keep waiting and hoping it will rebound, and 90% of the time this miracle doesn't happen and we get huge losses when we cut  a few days, week or months later.

At least now have a rough guide on what to do and we can set our own pips up or down during trading as cut loss .. 

muifan      ( Date: 01-Oct-2013 20:44) Posted: Hi bro, I think your case happens to everyone. I am same as you last week exactly went in at 94c. I cutted at 92c. My personal cutting method i set for myself is 3bids down, i die die cut, I dont like to see my counter drop 2-3 bids. For example i buy at 2pm , at 205pm , if it drop 3 bids down i also cut, no time frame involve..some might say nb just buy for 5 mins nia...for me did that before, buy for 5 mins i sell 3bids down to cut loss. If the counter chiong up after that I tell myself not fated. Maybe you can ask yourself tonight.. set your own threshold, either 3 cents down , cut , or 3bids down or 2 bids down etc. Lastly, nowadays I tell myself trade is not about money. It is about  making a good trade, if I make a good trade I pat myself good job, because when you make good trade money auto will come in. That is how i try to be emotionless, if you keep thinking about money, you will make wrong move.. I will also put my family photo beside my trading computer to remind myself. These are little things I do, hope you find it useful, cheers   spss1955      ( Date: 01-Oct-2013 14:57) Posted: Another depressing day. Wanted to keeping reducing my counters but how to do so when the market is so bad. Bot Rex a week ago at 94 and then told my self to cut loss at 91. It came and went. Then remind myself that I must really cut if it drop to 89. Again it came and I still held on. Must really admire some sifus here who have iron resolve to cut loss. No emotion is so easy to say but so hard to carry out.

 

Bro this method very good but need a lot a lot of determination n discipline to execute... I'm just wondering which portal u now able to set loss ? The auto trigger the cut loss maybe can help the weak heart to manually do it... ?

muifan      ( Date: 01-Oct-2013 20:44) Posted: Hi bro, I think your case happens to everyone. I am same as you last week exactly went in at 94c. I cutted at 92c. My personal cutting method i set for myself is 3bids down, i die die cut, I dont like to see my counter drop 2-3 bids. For example i buy at 2pm , at 205pm , if it drop 3 bids down i also cut, no time frame involve..some might say nb just buy for 5 mins nia...for me did that before, buy for 5 mins i sell 3bids down to cut loss. If the counter chiong up after that I tell myself not fated. Maybe you can ask yourself tonight.. set your own threshold, either 3 cents down , cut , or 3bids down or 2 bids down etc. Lastly, nowadays I tell myself trade is not about money. It is about  making a good trade, if I make a good trade I pat myself good job, because when you make good trade money auto will come in. That is how i try to be emotionless, if you keep thinking about money, you will make wrong move.. I will also put my family photo beside my trading computer to remind myself. These are little things I do, hope you find it useful, cheers   spss1955      ( Date: 01-Oct-2013 14:57) Posted: Another depressing day. Wanted to keeping reducing my counters but how to do so when the market is so bad. Bot Rex a week ago at 94 and then told my self to cut loss at 91. It came and went. Then remind myself that I must really cut if it drop to 89. Again it came and I still held on. Must really admire some sifus here who have iron resolve to cut loss. No emotion is so easy to say but so hard to carry out.

 

Hi bro,

I think your case happens to everyone. I am same as you last week exactly went in at 94c.

I cutted at 92c. My personal cutting method i set for myself is 3bids down, i die die cut, I dont like to see my counter drop 2-3 bids. For example i buy at 2pm , at 205pm , if it drop 3 bids down i also cut, no time frame involve..some might say nb just buy for 5 mins nia...for me did that before, buy for 5 mins i sell 3bids down to cut loss.

If the counter chiong up after that I tell myself not fated. Maybe you can ask yourself tonight..

set your own threshold, either 3 cents down , cut , or 3bids down or 2 bids down etc.

Lastly, nowadays I tell myself trade is not about money. It is about  making a good trade, if I make a good trade I pat myself good job, because when you make good trade money auto will come in. That is how i try to be emotionless, if you keep thinking about money, you will make wrong move..

I will also put my family photo beside my trading computer to remind myself.

These are little things I do, hope you find it useful, cheers

 

spss1955      ( Date: 01-Oct-2013 14:57) Posted: Another depressing day. Wanted to keeping reducing my counters but how to do so when the market is so bad. Bot Rex a week ago at 94 and then told my self to cut loss at 91. It came and went. Then remind myself that I must really cut if it drop to 89. Again it came and I still held on. Must really admire some sifus here who have iron resolve to cut loss. No emotion is so easy to say but so hard to carry out.

 

Lol!! But the way you trade very safe and discipline maybe won't need pay too much tuition fee. Last time got anyhow chiong meh lol!!

joseeng      ( Date: 01-Oct-2013 19:50) Posted: Sis, I believe everyone here will pay tuition fees throughout their trading experiences....huat ar! stockbabe      ( Date: 01-Oct-2013 18:38) Posted: I believe you also pay tuition fee? Lol!

 

Bro, I know. Sis gold is young investor is it?

Stockcham      ( Date: 01-Oct-2013 19:40) Posted: Actually she is saying that you are old liao....lol. joseeng      ( Date: 01-Oct-2013 18:42) Posted: Sis, aiyo nothing la compared to many bros and sis here