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FYI ... I never lost a cent in my trade.
There is no need to taunt me, as it does not hurt my pockets.
I m here to share out of my sincerity as I believe in giving back wat I had receievd from this forum n also in the process, accumulating good karma for myself.
Mind u, taunting "kind-hearted people who sincerely shares" will accumulate yourself bad karma.
Frankly, how would u feel, if u do a good deed tat is not appreciated n yet get taunted.
Confucius once said "Do do onto others, wat u dun want others to do onto u"
Despite your taunting, I m kind enuf to advice u tat if u really want to succeed in trading, do a search under my username, richtan as I had recomended some good trading books, "Free Tutorial on TA" websites.
I m kind enuf, to search n paste below despite your taunting, hope u sincerely appreciate my kindness & stop insulting me.
richtan ( Date: 14-May-2009 01:04) Posted:
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All sentiments, mood & emotions are captured in the charts, u must be never read any TA books.
Let me recommend u some:
(1) Technical Analysis of the Futures Market (applicable to equities)
(2) Candlestick Charting Explained
(3) Trading for a Living
(4) 7 Charts pattern tat consistently make money.
(5) How to make money in Stocks (national Bestseller)
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I had also earlier posted about "Download your free report - Top 5 Things You Absolutely Must Know Before Trading Singapore Stocks (S$25 value)! from singaporestocks.com.sg n "Free Tutorials on TA, candlestick, chart patterns, chart formations n Elliot Waves in http://www.oilngold.com/.
anfield_76 ( Date: 15-Jun-2009 13:53) Posted:
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:) hahaha... newtothis, was watching bloomberg tv last week, one of the financial guru said chartist mostly are wrong. so you could be right too!
no need to say too much because you will be termed as *emotional/new horn/never study charts/never do TA/nothing to back up what you are saying (*delete where appropriate)
how about this scenario:
people who has earned a lot since the rally from 5 cents, kept accumulating for the last 3 weeks to create a false sense that people are "silently accumulating" so that more people will be interested in the stock, hoping to push up the price even further before dumping them. however, right not many people are biting, and these big earners decided to let go once and for all, since they have already earned enough from 5 cents until now.
newtothis ( Date: 15-Jun-2009 12:57) Posted:
| You really think chart can really really predict what BB want to do ? :) |
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We cannot base our prediction an just our charts without having some considerations for the market sentiment as a whole, right.
This is a lively discussion, but please keep the personal emotions out. The anxieties we have from watching the roller-coaster ride in the markets is quite exciting as it is.
Good luck. mechanical or not.
There is nothing "to be shocked", as I said, I trade mechanically not MFT n emotional, I dun fall in love with any particular stock, will sell tomoro if today close below 15 cts, as simple as tat, whether in profit or losses, though I m still in profit as I had accumulated around 7 cts when it rebounded from the low of 0.055.
newtothis ( Date: 15-Jun-2009 16:18) Posted:
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Watch the price of HongX tomorrow :) Dont be shock
richtan ( Date: 15-Jun-2009 16:13) Posted:
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Of course, there will be poor people as not everybody reads or bother to read charts n there are those obstinate n keep debasing TA n those who speculate base on emotions n even those who read charts but still not polished TA trader tat try to pre-empt the chart by "act smart"
Finally, let me again quote from this book "Technical Analysis of the Futures Mkts" - pg xvii - "TA is much more than tea leaf reading" or "crystal ball gazing," descriptions sometimes used by those who simply dun know any better. But neither is it the "Holy Grail", promising instant riches to its practitioners. TA is simply one approach to mkt forecasting based on a study of the past, human psychology n the law of probabilities. It is certainly not infallible. But it is a technique tat works more often than not, but stood the test of time in the real world of trading n is worthy of study by any serious student of mkt behaviour". |
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Watch the price of HongX tomorrow :) Dont be shock
richtan ( Date: 15-Jun-2009 16:13) Posted:
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Of course, there will be poor people as not everybody reads or bother to read charts n there are those obstinate n keep debasing TA n those who speculate base on emotions n even those who read charts but still not polished TA trader tat try to pre-empt the chart by "act smart"
Finally, let me again quote from this book "Technical Analysis of the Futures Mkts" - pg xvii - "TA is much more than tea leaf reading" or "crystal ball gazing," descriptions sometimes used by those who simply dun know any better. But neither is it the "Holy Grail", promising instant riches to its practitioners. TA is simply one approach to mkt forecasting based on a study of the past, human psychology n the law of probabilities. It is certainly not infallible. But it is a technique tat works more often than not, but stood the test of time in the real world of trading n is worthy of study by any serious student of mkt behaviour".
newtothis ( Date: 15-Jun-2009 15:37) Posted:
| wow... then singapore no poor people liao lor, then everyone rich .... if we learn how to use chart. |
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Of course, there will be poor people as not everybody reads or bother to read charts n there are those obstinate n keep debasing TA n those who speculate base on emotions n even those who read charts but still not polished TA trader tat try to pre-empt the chart by "act smart"
Finally, let me again quote from this book "Technical Analysis of the Futures Mkts" - pg xvii - "TA is much more than tea leaf reading" or "crystal ball gazing," descriptions sometimes used by those who simply dun know any better. But neither is it the "Holy Grail", promising instant riches to its practitioners. TA is simply one approach to mkt forecasting based on a study of the past, human psychology n the law of probabilities. It is certainly not infallible. But it is a technique tat works more often than not, but stood the test of time in the real world of trading n is worthy of study by any serious student of mkt behaviour".
newtothis ( Date: 15-Jun-2009 15:37) Posted:
| wow... then singapore no poor people liao lor, then everyone rich .... if we learn how to use chart. |
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wow... then singapore no poor people liao lor, then everyone rich .... if we learn how to use chart.
To those newbies who are not obstinate, stubborn, keep doubting and debasing TA n are keen to learn more about TA rather than trading emotional, greed, fear n listening to MFT without a tool can click on
http://www.singaporestocks.com.sg/ and "
Get Your Free Report! (S$25 value) Find out what the top 5 things are before you start trading!"
i know. I read chart too. But we can only use it as a guide. There are other things you have to consider in order to accurately predict the price of a stock. Just using Chart ..... I dont think is very wise.
Sorry
richtan ( Date: 15-Jun-2009 14:10) Posted:
As I said, I dun care wat MFT or BB predict, I just trade based on my chart analysis, TA has been around for donkey years, though it is never 100% always right, it serves as a compass n is an essential tool to a trader just as a compass or satellite navigation tool is an essential tool to a sailor n pilot.
newtothis ( Date: 15-Jun-2009 12:57) Posted:
| You really think chart can really really predict what BB want to do ? :) |
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As I said, I dun care wat MFT or BB predict, I just trade based on my chart analysis, TA has been around for donkey years, though it is never 100% always right, it serves as a compass n is an essential tool to a trader just as a compass or satellite navigation tool is an essential tool to a sailor n pilot.
newtothis ( Date: 15-Jun-2009 12:57) Posted:
| You really think chart can really really predict what BB want to do ? :) |
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ahhh good thinking.... your almost there :)
anfield_76 ( Date: 15-Jun-2009 13:53) Posted:
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:) hahaha... newtothis, was watching bloomberg tv last week, one of the financial guru said chartist mostly are wrong. so you could be right too!
no need to say too much because you will be termed as *emotional/new horn/never study charts/never do TA/nothing to back up what you are saying (*delete where appropriate)
how about this scenario:
people who has earned a lot since the rally from 5 cents, kept accumulating for the last 3 weeks to create a false sense that people are "silently accumulating" so that more people will be interested in the stock, hoping to push up the price even further before dumping them. however, right not many people are biting, and these big earners decided to let go once and for all, since they have already earned enough from 5 cents until now.
newtothis ( Date: 15-Jun-2009 12:57) Posted:
| You really think chart can really really predict what BB want to do ? :) |
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|
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:) hahaha... newtothis, was watching bloomberg tv last week, one of the financial guru said chartist mostly are wrong. so you could be right too!
no need to say too much because you will be termed as *emotional/new horn/never study charts/never do TA/nothing to back up what you are saying (*delete where appropriate)
how about this scenario:
people who has earned a lot since the rally from 5 cents, kept accumulating for the last 3 weeks to create a false sense that people are "silently accumulating" so that more people will be interested in the stock, hoping to push up the price even further before dumping them. however, right not many people are biting, and these big earners decided to let go once and for all, since they have already earned enough from 5 cents until now.
newtothis ( Date: 15-Jun-2009 12:57) Posted:
| You really think chart can really really predict what BB want to do ? :) |
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You really think chart can really really predict what BB want to do ? :)
No need to "u see lor", as I said, I trade mechanically not MFT n emotional, I dun fall in love with any particular stock, will sell tomoro if today close below 15 cts, as simple as tat, whether in profit or losses, though I m still in profit as I had accumulated around 7 cts when it rebounded from the low of 0.055.
newtothis ( Date: 15-Jun-2009 12:21) Posted:
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:) You see lor
richtan ( Date: 15-Jun-2009 11:24) Posted:
| Ooops, typo error, should be "Rule number 1 of trading" |
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:) You see lor
richtan ( Date: 15-Jun-2009 11:24) Posted:
Ooops, typo error, should be "Rule number 1 of trading"
richtan ( Date: 15-Jun-2009 11:23) Posted:
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Rule number of trading, dun be MFT n try to pre-empt the mkt by saying it will go down to 0.11 - 0.13 b4 it even close below 0.15 at end of today, let the mkt talks to u thru the chart n act accordingly based on end of day closing as intraday can be a fake attempt to shake out those panicky, it could possibly form a reversal candle with a hammer (longer tail).
I believe for those with holding power n who are now incurring losses but can stomach losses till it confirmed end of day it closes below 15 cts, should stay calm for the time being n cut losses tomoro if it closes below 15 cts today.
To be successful in trading, remember trading should be mechanical, act according to your chart interpretation n not emotional.
This is only my opinion, not an inducement to buy or sell, dyodd. |
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Ooops, typo error, should be "Rule number 1 of trading"
richtan ( Date: 15-Jun-2009 11:23) Posted:
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Rule number of trading, dun be MFT n try to pre-empt the mkt by saying it will go down to 0.11 - 0.13 b4 it even close below 0.15 at end of today, let the mkt talks to u thru the chart n act accordingly based on end of day closing as intraday can be a fake attempt to shake out those panicky, it could possibly form a reversal candle with a hammer (longer tail).
I believe for those with holding power n who are now incurring losses but can stomach losses till it confirmed end of day it closes below 15 cts, should stay calm for the time being n cut losses tomoro if it closes below 15 cts today.
To be successful in trading, remember trading should be mechanical, act according to your chart interpretation n not emotional.
This is only my opinion, not an inducement to buy or sell, dyodd.
newtothis ( Date: 15-Jun-2009 11:09) Posted:
sigh..... if you make profit already my suggestion is sell.
China Hongx will go down to 0.11 - 0.13 |
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Rule number of trading, dun be MFT n try to pre-empt the mkt by saying it will go down to 0.11 - 0.13 b4 it even close below 0.15 at end of today, let the mkt talks to u thru the chart n act accordingly based on end of day closing as intraday can be a fake attempt to shake out those panicky, it could possibly form a reversal candle with a hammer (longer tail).
I believe for those with holding power n who are now incurring losses but can stomach losses till it confirmed end of day it closes below 15 cts, should stay calm for the time being n cut losses tomoro if it closes below 15 cts today.
To be successful in trading, remember trading should be mechanical, act according to your chart interpretation n not emotional.
This is only my opinion, not an inducement to buy or sell, dyodd.
newtothis ( Date: 15-Jun-2009 11:09) Posted:
sigh..... if you make profit already my suggestion is sell.
China Hongx will go down to 0.11 - 0.13 |
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everything can be manipulate as long as $ is concern.
hohokit ( Date: 15-Jun-2009 11:11) Posted:
| Can chart be manipulate? just curious. |
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Can chart be manipulate? just curious.
sigh..... if you make profit already my suggestion is sell.
China Hongx will go down to 0.11 - 0.13
