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things every retail investor/trader should know

Anyone can share please? Suppose all the directors all of a company know its business very well? the question in my mind is any restriction or criteria they needed to fulfill before buying or selling its company share?

 

Made 4K, fined 35K. Lousy adviser, thinking the authority won't come after small amount. 

 

Business Times - 01 Sep 2008

MAS fines insider trader $35,000

SINGAPORE - The Monetary Authority of Singapore said on Monday it had fined a consultant $50,000 (US$35,000) for insider trading in shares of See Hup Seng in July 2006.

The Monetary Authority of Singapore said in statement that Yap Sew, who had worked as an adviser to See Hup Seng, made a profit of $4,020 when he bought and sold the shares as a result of using price-sensitive but unpublished information about an acquisition by the company. -- REUTERS

 

yuppers, stupidfool. not necessary to trade everyday or frequently.  it all depends on one's timeframe and aim.

so elfie's back from her hols. for those lkg for clues.

update on local market as per STI charts below. Note that we're still in a range play with channel bias being down. Break of 2,835 for upward or 2,640 for renewed downward. o/w, it's as per the charts below. Vol is drying up, so traders need to be careful. Don't fish in a drying pond if possible. Not worth the risk.

Note 2: do not try and predict the bottom. What is more pertinent to do is to wait for the signal. That'd be one doji (or better yet, a hammer with a long tail) plus 2 or 3 green candles consecutively, with increasing volume. That's the earliest sign of a turn. o/w, to treat all things as channel play still.

cheers.  

 

I agree with that...

So called trading is pure betting, even after sleepless nights of analysis...

Those who dare to bet (whether long or short) big will win big...

 

Watever it is,be it vol or price,one do not need to buy,buy buy or sell ,sell sell everyday.

Trading is akin to gambling actually.And how many gamblers win the casino at the end of the day?

 

No sensible person will play a thinly traded stock...

One must always choose stock with regular volumes, a liquid stock, which is popular with traders...

Only thus can one concentrate on price action...

And studying price action itself is simple, but is a very involved process...

singaporegal      ( Date: 26-Aug-2008 11:10) Posted: Besides price movement, it is also important to take note of volumes. Volume = Interest No point buying a stock if there is no interest in it.

 

You are right

singaporegal      ( Date: 26-Aug-2008 11:10) Posted: Besides price movement, it is also important to take note of volumes. Volume = Interest No point buying a stock if there is no interest in it.

 

Besides price movement, it is also important to take note of volumes.

Volume = Interest

No point buying a stock if there is no interest in it. 

 

The most common cause of big losses in the stock market is the overwhelming urge to make money.
With this underlying strong urge, many will lose their otherwise good judgement and reasoning. This invariably lead to actions like averaging down (which is an uncounsciously combative motive to get back at the market), resulting in bigger and bigger losses.

Other reasons are: Using 'TA' indicators as though the stock market is a mechanical entity. Unfortunately, such indicators, though all of which are undeniably very scientific formulae, are useless against an entity such as the stock market, which is  in reality  an unpredictable entity composed entirely of human actions.

With regard to TA, it is important to remember the simpler TA one uses, the better.
In the stock market, the most important TA indicator is the price action itself. But even this is oftentimes deceptive!

So do beware of the 'beastly' urge to make money...
In other words, beware of yourself!...

 

 This is specially for novices...


The most common cause of big losses in the stock market is the overwhelming urge to make money.
With this underlying strong urge, many will lose their otherwise good judgement and reasoning. This invariably lead to actions like averaging down (which is an uncounsciously combative motive to get back at the market), resulting in bigger and bigger losses.


Other reasons are: Using 'TA' indicators as though the stock market is a mechanical entity. Unfortunately, such indicators, though all of which are undeniably very scientific formulae, are useless against an entity such as the stock market, which is  in reality  an unpredictable entity composed entirely of human actions.

With regard to TA, it is important to remember the simpler TA one uses, the better.

In the stock market, the most important TA indicator is the price action itself. But even this is oftentimes deceptive!

So do beware of the 'beastly' urge to make money... In other words, beware if yourself!...

 

Lyxor China 10

elfinchilde      ( Date: 22-Aug-2008 19:37) Posted: i think there are china ETFs here? not sure. ok, anyway, byebye peeps. elfie's off for her holidays! meanwhile, if market moves and you're unsure, don't take any longterm position; better to stay lightfooted. volume is key; don't trust a rise on low vol. As ipunter will say, not having a position is also a position. cheers!

 

"Not having a position is also a position"...

Many traders see trading opportunities all over the place... and they must be in the market a lot of the time.

This is due to the irrisistable urge to make money. But unfortunately, good trading opportunities only exist once in a while.

Rather than be compelled to make money, it is better to 'wait for the market to come to you, Whereupon one should enter the market decisively and not be ruled by mass opinion.

 

i think there are china ETFs here? not sure.

ok, anyway, byebye peeps. elfie's off for her holidays!


meanwhile, if market moves and you're unsure, don't take any longterm position; better to stay lightfooted. volume is key; don't trust a rise on low vol. As ipunter will say, not having a position is also a position.

cheers!

 

Fund managers also bet in the market...

The only difference is they bet with your money...

 

Unfortunately, still need the fund managers for overseas investment. Like buying into India, China etc, we need to buy unit trusts, otherwise, no way we can get in. Not sure if eTrade has that?

Anyone knows how to buy China without buying unit trusts? I hate unit trusts as well. They all can't perform at all! Very slow during a bull. High overheads!

 

If they really can make why still wait for you to invest ??

singaporegal      ( Date: 22-Aug-2008 11:06) Posted: Lack of BB movement means that these funds managers have no idea what to do! Sometimes I really wonder why people give lots of money to these fund managers to "manage" their funds. Most of these funds have trouble even outperforming the index during boom times.

 

Anyone know the latest progress of the groups?

eg how much money they've made, etc. ..

 

erm ... if u are serious of the sessions ....

look no further ...

recall the session of Simon Loh and Fortunegal's SJ gathering  at Shenton Way last March.....

why re-invent the wheel .... use thier template ....

( i wouldn't know the current situation there ... but hey, even decipher of growmoney had sessions there too ! )

 

completely agree.

why they give these fund managers their money: because they think the managers--armed with shiny Ivy League degrees and polish--know more about the market than they do.

I like the quote in Peanuts today. "Never trust a coyote in a tuxedo."  We should look at all fund managers with   and not be  .

All together now....

 Never trust a coyote in a tuxedo!!!  

haha.

singaporegal      ( Date: 22-Aug-2008 11:06) Posted: Lack of BB movement means that these funds managers have no idea what to do! Sometimes I really wonder why people give lots of money to these fund managers to "manage" their funds. Most of these funds have trouble even outperforming the index during boom times.