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How to switch career path to investment sector?

i invest heavily in centurion, colex,equation because I understand the recycle business well.

 

Engineer, Ganang Guni man or Office worker...

All can lose money easily in the stock market...


If full-time stock trading is such an easy and lucrative occupation, then we would be meeting many people who are "full-time stock traders"...


Then there would be very few people being remisiers, massive profit coaches, etc... 

Best is to follow Warren Buffet and Donald Trumps footsteps as they are into Network Marketing... and building a good income for playing shares as a pleasure.

 

I am not an engineer, I do not understand the job engineer do, I am a garung guni man. I deal with recycle stuff.

 

I heard Warren Buffet is into MLM (Netwotk Marketing) big time...

Anyone heard the same? 

 

In margin investment, the interest does not kill you if you hold for long term and your shares go up. 

 

I am not discouraging anyone to be a day trader. But just put some things into perspective :

1. Obviously to have a capital of $150k, you need to work first. Without much capital, you  cannot make much from your investments.

2. With $150k, you have a leverage up till $450 000. So you can buy 900 lots of Labroy Marine at 50c. I think that was 4 years. A yesterday's price of $2.17 and after subtracting the interest incurred, you make about $1.4 million. You don't need to sit in front of the computer the whole day to achieve that.

3.  Let's say a person work and earns $50K a year. A person who goes into day trading has to make sure he earns more than that a year otherwise it is not worth it. The person who works and invests can make more than $50K and that $50K is already in the pocket. 

4. In the bull run, it is easy to make money. That is the time to make it big. When bear run comes, it may not be so easy.

Good luck!

 

 

 

 

I think the most important factor why engineers are underpaid and overworked is because of the low barriers to entry. Anybody who can read an engineering drawing can call themself an engineer, unlike accountant where there is weight in the signature.

 

Well, I am no talent, but am a foreigner couple years ago. Quite a number of foreigners take up accounting jobs in Singapore too.

 

Blue chips like SembMarine & kepCorp, I held for long term. Penny stocks, I usually clear within 5 days. I don't believe in margin as the interest will usually kill you or your shares may be forced-sold

 

Hi spurs88

Well done....happy for u.

2 questions...one,do u use margin lending or just trade with $150k?

two,do u buy/sell or buy and hold for a period b4 selling?

cheers.

 

I went into full-time because I wanted to have the freedom to do the things I wanted like spending time with my family and not having to take orders from my boss, not just for trading. I am feeling so much happier now because I am responsible for my own decision, not having to worrry about what my boss will write in my appraisal report at the end of the year.

 

Some prefer holding for months on end... and never take profits at the highs... 

Some buy, sell, buy, sell, buy, sell ... this latter is but a compromise to pre-empt profits running away.

Like in the recent big fall, many stocks have fallen by a big percentage...
and to wait for them to return to their 'former glory' will take a long time...
If one has sold and then buy back at the low-low prices, one would have benefitted tremendously.
 

 

Thanks, Spurs88. So, you see, your job as engineer and teacher was to help you accumulate capital while paying tuition fees in small amounts. Engineer always safety first. Teacher always wash hands first(also safety), right? If you did not work as those two jobs and started straight away trading big, big, you will not be able to appreciate the value of hard earned $ and possibly will trading more dangerously than you presently are.

Just my opinion.

Wahhh! 150K as capital.

I should be able to save this amount by the NEXT bull run.

Kidding.

 

Another point is one does not need to spend so much time researching on stocks. It does not take a long time.

 

Spurs, correct if I am wrong here. Did you buy sell buy sell many times with Labroy going from 50c to now $2.17? 

 

With S$150k and margin, that is $450K to trade. It is more than sufficient. Trade full time? Hm....It is good people like Spurs make it. But I am thinking with a huge capital and you time your buy well, you make good profit just riding on the stock run up.You don't need to be full time in front of the screen to enjoy the ride. Well just my point of view. 

 

Hi spurs88,

Yah... $150K is about right to trade full time. Are you TA or FA? 

 

spurs88,

you ve made the right choice to go in to trading. it is true tt engineer's pay have been stagnant if not getting worst for the past years. Worse when all the foreign talent, chinese, asean scholars, etc..  that our gahman has kindly sponsored to study in singapore to compete with us.engineers can work for 10 yrs and pay still barely hit 5k.. 

are you a TA or FA? any books to recommend? 

 

Thank you so much Spurs88.

I started as an asst engineer 8 years back and climb up to Asst manager in a MNC. Everyone is good to me in my company and they are preparing me to takeover my boss position so that he can move to other depts. When i tendered my resignation last mth, everyone was shocked. i have been wanting to work as day trader so i giveup my job and move towards my dream. I have a target to reach financial freedom by 35 ( I am a fan of Robert Kiyosaki for many years! ). I think this is first step towards my goal in life..haha

Anyway, the websites that you provided ( except the last one ) i have already subscribe or registered as a member. They are indeed useful and provide me alot of information i need.

I am goin into day trading starting nxt mth. Pls provide your guidance! Thank you.

Patiepie

 

My initial capital was about $150K. I reinvested what I have made regularly and over time I made even more, especially during the super bull run.

Examples of  investments that gave me more than 100% returns were counters like KepCorp, SembMarine,  Kepland, OCBC, AdvSCT, Sinwa, Armstrong, China Hongxing and today Labroy which I expect to continue to CHEONG to $3 soon. However I also have my share of buying duds like Luzhou, IndoAgri, Penguin and Lottvision.

Suggested websites for research

1. www.shareinvestor.com

2. www.sharejunction.com

3. www.ses.com.sg

4. www.remisiers.org

5. subscribe to business times

5. http://channels.netscape.com/pf/topnews.jsp