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TRADING - TRAINING

halo mike, to be able to get the lowest price is depend on your stock selection.  There are 876 companies listed in SGX, and there are arround 350 have transaction more than 1.5 k lot per day. 

Choose one of them that fit your analysis.  You need to manage your fear to get it and trust your analysis.  As long as you follow your analysis, it's fine.  Loss money in the beginning is normal.  But if you learn why did you loss .. it's considered worth to loss.

Cheers ...

 

ericsim, you are right but not everyone (or should I say minority) is able to buy at the lowest and sell at the highest prices. 

 

Hi ericsim -- I agree too ...

 

still manage to make some kopi $ like SGX (read SGX thread). with this sentimental mkt i would consider very good for me liao. belive you can agree with me during bull run everyone (include contraians) shouting and yelling cheong north but bearish - only shortishs shouting cheong south. that's life that's mkt.

bull mkt - everyone want to buy first hand share  hence pushing price higher and higher.

bear mkt - everyone want to buy last hand share (the cheaper the better) hence pushing price lower and lower.

as mentioned before, a very simple buy & sell game and yet very tedious/profound game.

TA/FA (sori no offend) are meant for more or less stable market.

 

 

Hi cashiertan,

Honestly I still have a lot of things to learn.  But my friend is retire now.  Play fx, stock and future in some countries.  He always give me advices about how to learn .. but never gives me the material.  Let me find the knowledges by self. 

But, what I believe here, about all the trainers, if they are so good with their tehnical skill, they won't be teaching now, instead of trading, making money for themselves.  Good mentor is hard to find, but if you find one, they will teach you happily without ask you to pay even a single cent.

Because most trainer are not too confident about their skill, they make benefit by selling their concept and let other people who dare to try it :D  They have nothing to lose .. but it makes money.

 

so have u both trade better being flexible?

 

 

Telling about market psychology, I think I learn it months back.  This is not about signals and indicators that is important in investment.  I belieave all of us can learn in in few minutes.  But the important is the mechanism in stock selection.

I attended a lot of trainer, they never tell us the mechanism.  They just tell here go to this indicator and if there is the signal just .. bam ... if loss just forget it ... 

using their analitical way, I'm sure we can upgrade our investment rate up more then 50% winning chance, but some more, their strategy is dull.  Only can be use on certain condition. 

The true investor know what is market condition and when to get in and get out.  What time or when will be suitable to play with this and that pattern.  I believe deep down here there is true investor who unconciously is doing this. 

I have some friends who have been investing for more than 10 years.  They can't tell why they are not playing in a certain period or select a different kind of investment instrument.  But if you ask them they will explain to you about market condition and what is the impact and ratio success against the possilibity to loss.  This is the instict I mentioned ....

Like what Ericsim mentioned .. we need to be flexible ... and they are extreamly flexible .. not like what the trainer said .. oversold .... get in .. or over bought ... get out ...

But I agree with one thing .. mentality .. that is the most important thing in investment.  Book is good in forming our mental.  Trainer is good to teach us how to read TA.  But in ourselves is the best wey to learn what investment instict is ..

Cheers ... :D

 

one must be flexible not rigid in the mkt just like roti prata (must keep turning before getting burn on one side). remember - it will be the best IF you can change the enviroment (mkt) to suit you BUT if you can't why not change yourself to suit the enviroment.....good luck

 

well said. couldnt have done better. just want to add one thing, most didnt follow the strict rules stated in the system or the students misunderstood the system essence.

mani, ur posting abt the bowling philosophy areadi proof that u are a theorist, ebooks like genie will suit u better.

i am a pragmatist, secret vids will suit me better . however most ppl in spore are pragmatist and trading requires practical knowledge.

thats why

economist dun make a good trader normally. a engineer usually dun repair a car as well as a mechanic.  of coz best case is best of both world.

 

Successful trading is contingent on these 3 main factors:

1. Trade mgmt psychology - the MOST important factor. If one panics/freezes when one's supposed to buy in cheap, but end up dumping at low price, still lose money. For selling at profit, if greed overcomes one's target sell price, and one doesn't sell, missed profits.

2. Money mgmt - your key system safeguard when all hell breaks loose. Suppose to cut loss at say 5% below buy price, but keep on holding in hope for rebound, only to see it drop another 10%. Still lose money.

3. Discipline in adhering to your trading system - If one trades when the signals are not indicative of a strong buy or sell situation, it will be very hard to make much money. Or worse, still lose money.

Most people can go for no.3 relatively easily (just read, go for course etc), but the real money is in achieving 1 & 2. One has to be really introspective and understand how he reacts psychologically when his real money is being traded.

 

 

techsys,

through out my reading of hundred of books and attended a number of preview I came to conclusion:
Nothing is wrong in the book or the teaching but most of them failed to bring the winning attitude(mental/psychology) to the learner.
Why certain traders make money while most of them losing money eventhough they use the same indicators?
If I were giving out the course I would be teaching the opposite way as most of the trainer do.

 

well, u dun get it what i mean , but u will soon when u reach my level, the way to trade is not like a pro in bowling. in fact in real life a Old lady who knows nothing abt warrents beat the Pros in the warrent competition. and studies in us shown Lunatics with no proper training trade better than pros. sometimes, one needs to know how to use simple fishing hook to fish for a living, dunnid to buy a trawler, go to sea to fish for tunas.

also having simple and few strategies doesnt mean easy life. it means be diligent in keeping to the rules. i realised this when i hear the MP3 from secret trading vids package.  

i dun mean can go short cut, dun mistaken, i mean be specialised and efficient in one trading system is sufficient. Genie is too general, after reading it twice, i think most of the traders will be still cluless how to trade.

i believe what most of them need is a guide on how to trade (1st), not abt what is trading (2nd) . when u get secret vids package urself, i u will know what i mean. plz note thou i just learn 2 things from the secret trading vids, and both are just listening to the mp3 of him sharing his practical experience in trading, nothing technical.

techsys, ur case is very common, most of the time, the system works but the persons using the systems dun work.

also it may be due to the fact the systems work in usa but dun work in Sg market or (rarely) the system dun work at all (not properly tested).

 

 

I agree with Manikammanko, there is no fast track. 

I had attended so many training, and all of them just bullxxxx.   Promised their techniques is "divine" rule and money back guarantee .. but in the end, all just a lie ....

If you want to be a savvy ... you need to watch what you do and learn by yourself.  Book is the only guide, but the know it, you must do it by yourself. 

I hate to hear people say that they can teach us how to invest ... because investment is not something can be taught ... The only rule is Observe and Learn. 

 

Cashier... :)

hahaha... not to worry... coz I hardly take your good comments as 'whacking' me...

I still remember when I went bowling not so long ago... a new bowler was shivering all over, and not knowing how to hold the ball.

Then another experienced bowler, who has been bowling for 5 years, simply told her... "It very easy... just do like this... you see.. it's very simple." But the reality is, for that beginner bowler to reach the standard of the experienced one, she needs to 'go the same road' as he had. There's no short-cut. The learning just has to be done, otherwise there will be too many missing links which are a necessary part of knowing and experiencing. And in this regard, a good coach makes hell of a difference, especially when the beginner has accumulated a lot of misconceptions earlier.

 

sori mani, gonna "wack" u again. i disagree abit abt the genie. personally i dun think it is that great to be call the gospel yet, why i say so. it is good to have but not the best. in fact i have seen better ebooks which is free and have less than 200 pages. one dun need to be so sophisticated to trade well, this is just a false image those ebooks ppl try to protrayed. u dun need a phd to be rich, in fact the riches are those that dun have even degrees!

i would dare to say the real gospel or holy grail of trading is KISS (keep it simple stupid!). short and sweet. earn your money and go,

not too heavy, light and swift. in fact my friends who make so much are those uses less than 5 simple strategies, 5 indicators and just 5 simple rules. (which is taught in my forex course)

trading is as simple as that to be profitable. in fact i feel disllusioned to read so many ebooks and wasted so much time reading and eventually realised the best method is the one that is the simplest. Genie is too heavy for reading, i dun think one needs to understand everything in the whole ebook to trade profitably.

i used to think i need to be very complex to trade well however today or so, i find that the truth is the opposite. my frens are earning consistentlya and exceeded me much more becoz they just sstrictly stick to the forex lessons and rules  they learned with me in classes. i have "outsmarted" myself this 2 years when is should be the same making the same profit with them. in fact i should be retired with them today!

just trade with one system that suit u which uses the least indicators and has the least things to watch out for..

in fact those we get the secret vids package from u should see a vids which mentioned that the more rules and strategy u try to add the more mistakes u make. the holy grail is to keep it as simple as possible and uses it as often as possible.

 

conclusion: i still think that if one need to get a ebooks from the 3 mentioned by mani, i would still prefer the secret vids anytime.

short and sharp. simple and light. thou there are 50 vids, around 1/3 u can dun see, the 20 mp3 also half no need to hear.

just 4 strategies, and a few rules and patterns to trade all market. in fact if i can summaries in just 1-2 pages in words. lol

i know coz i have all the 3 ebooks mani mentioned plus many more other trading ebooks and systems.

 

usd9,999,999? lol

nah they started with 10-30k, however as the ebook mentioned it is not the amt u start with but how u do it.

 

Further to BaseerAhmed's post below...

Like I said, I have for years bought nearly every stock market book ever written and that includes "Trading For A Living" mentioned, and quite a few other 'trading for a living books' too.

Yet, when I came across the Genie Tutorials only recently, I felt I could happily call it...
"The Gospel Of The Stock Market"   (Click to see).

In terms of content, style of presentation and physical format, it is an ideal product which is a godsend, especially for those who think that playing the stock market requires only some fragmented bits of knowledge 'scrounged' from here and there.

This 'gospel' is a value-packed  complete manual consisting of 10 'books', or tutorials. Each tutorial can be handily 'lifted out' and taken with you for reading and 'devotion' anywhere anytime, etc during long train or airplane journeys, etc.


To get the maximum benefit from the tutorials, it is absolutely necessary to treat the teachings within as gospel. In other words, one must commit and dedicate oneself to follow the teachings religiously. Since many people already know a lot, but somehow always end up following 'the ways of the world'. In stock market trading terms, this means to act  with emotional indescretion while observing market action.... 

 

Cashiertan,  just curious, what was the amount they started off with?

 

http://www.mediafire.com/?cjzjjz1muln

 

how to make 1 million in 1 year. possible as i know many who has done it and still in their twenties. one is even just less than eighteen

 

felt like chipping in a bit ...

More than a year back, a friend loaned me his "Trading for a Living " by Dr.Alexander Elder

I was fascinated by the book and read up till 3am the first few chapters of the book dealing in the psychology of trading.

Unfortunately, I had to return him the book the next day and hence did not get to know the Technical Analysis part . But later I have heard that that psycology part alone is worth its weight in gold ( and I believe so too ) but the TA part is not so good.

Since then, I have yet to get hold of the book and find out what Elder had said about TA ... nonetheless the excitement had carried me over to attend the various course previews and the internet to learn about TA by self discovery .

In similar vein ... beginners have to start somewhere. Genie is just right to get the beginner excited about the stock market and I dare say the first 2 chapters are really good for the "recruits" .. (I have not read the entire book yet ..)

For someone who asks " Where do I start ? " .. I would say " Why don't u try genie "

(review of the book depends on the level from where u are viewing ..hahaha !)

hmmm ... must ask the authors of genie to give Manikamaniko ... and me .. some commisions for promoting their book .....hahaha ! .... : )