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how do you cope with your losses

Your friend must be born under the sign of the Ostrich?... hehehe...  

 

my frend said, even tho his losses were huge, book losses are not losses, but hedging losses are real losses.  How far is this statement true?

 

hi Jeremy...you are right. we just stick to a strategy we are coomfortable with and make our homework before we enter this treacherous market as many of the fourmers has pointed out.

Cheers n Happy Trading/Investing 

 

Good one...! Either way you stand to gain....Market go down....you earn on shorting.....Market goes up in future....You earn on longing....For me, I am still slowly accumulating shares in good companies that I see future potential in. It is a form of savings for me instead of parking my cash in savings account which does not earn much interest. As I accumulate more shares even at lower prices regularly, my collected dividends will become more and more and then once the market recovers, I also can ride on the uptrend all the way up with a very substantial amount of shares captured at sufficiently low price. The capital gain will be huge on a substantial amount of shares. I am not so concerned with the market going down. I just see it as chance to buy some more shares of good companies at even cheaper prices. As long as one sticks to a sound investing approach, the opportunities are there. 

derricktan      ( Date: 02-Mar-2009 21:14) Posted: There is really no problem with buying only...quite right. But since you want to be in this game..why not make use of the avaible tool called CFD to short and make money too..to be on top of this game.  I was making a lot last year shorting and right now too. I dont worry about about my "paper loss" which might be there for many many years. I dont worry about where is the bottom..I just ride whatever trends in the market.  My money is not stucked  and i get to enjoy my fruits now and many years to come.  This is then call financial independence !

 

Hi iPunter,

Thanks You!

iPunter      ( Date: 02-Mar-2009 21:59) Posted: Stock Charts can be found in this site (click the orange "Chart" flap on top of this page). But first, study charting from a TA book, etc...

 

Stock Charts can be found in this site (click the orange "Chart" flap on top of this page).
But first, study charting from a TA book, etc...

 

Hedge your losses

 

Hi iPunter,

Where do I find those chart? from SGX  official website?

Any other source?

iPunter      ( Date: 02-Mar-2009 20:52) Posted: Before you even buy anything, you must make it a point to study a bit (a lot is even better) of charting and chart-reading (what they call 'TA')... Otherwise do not even touch shares... pjdpeter      ( Date: 02-Mar-2009 19:50) Posted: I think .....I will cut my loss tomorrow..I bought at 4.81/OCBC...see liao..BIG LOSS!

 

There is really no problem with buying only...quite right. But since you want to be in this game..why not make use of the avaible tool called CFD to short and make money too..to be on top of this game.  I was making a lot last year shorting and right now too. I dont worry about about my "paper loss" which might be there for many many years. I dont worry about where is the bottom..I just ride whatever trends in the market.  My money is not stucked  and i get to enjoy my fruits now and many years to come. 

This is then call financial independence ! 

 

All fund managers use charts to make their buy/sell decisions, period. 

 

Before you even buy anything, you must make it a point to study a bit (a lot is even better) of charting and chart-reading (what they call 'TA')...

Otherwise do not even touch shares...

pjdpeter      ( Date: 02-Mar-2009 19:50) Posted: I think .....I will cut my loss tomorrow..I bought at 4.81/OCBC...see liao..BIG LOSS!

 

I lost about 13% of my money out of 100%

Going heart attack soon

 

what's the strategy if you are going long term? Normally if you have this intention you don't really cut loss when it drops, and then it drops more and more..

 

Cut loss depends on individuals. Some cut at 10%, others more. Some rich ones cut loss by buying more.

 

I think .....I will cut my loss tomorrow..I bought at 4.81/OCBC...see liao..BIG LOSS!

 

You are right... there are more bulls... 

A typical Taurean (Taurus the Bull) trait is to be unmoved, no matter what...    

 

There isn't any problem with buying only, as long as you can afford it. 

There is unlimited risk with shorting. Since people in this topic seem not to know how to stop-loss, just go long with what you can afford.

There are more bulls than bears out there anyway.

iPunter      ( Date: 02-Mar-2009 17:53) Posted: The problem is people normally play the stock market by buying only (ie. invest)... In reality, the stock market is selling as well as buying... shorting as well as longing... Because that is the nature of the beast...

 

The problem is people normally play the stock market by buying only (ie. invest)...

In reality, the stock market is selling as well as buying... shorting as well as longing...

Because that is the nature of the beast...  

 

 

for me as long as i dun look at them i m ok.. i will be very bz, so it's kind of gd, wont have time to look.. i just treat it as a 3yrs fix D... we enter too early huh.. sigh..

 

If u still gt spare money, do accumlate more when is very down lo..

 

buysell      ( Date: 02-Mar-2009 16:58) Posted: frankly, i did intend to hold but pricing are treading downwards breaking new lows and you can't help but calculating your losses. To me,floating loss is still a loss and my mind is always on what the current price doing ( though there's nothing much i could do). freeme      ( Date: 02-Mar-2009 16:48) Posted: Take a break, dun keep looking at ur stock prices if you intend to hold for very long term. It can be very demoralise looking at it everyday or every hour..