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things every retail investor/trader should know

Haha.....maybe they all spoke the same language : Head I win, tail I also win! These so-called 'Fun-Managers' are really having Funs with other people's funds  for doing nothing except to 'invent' a new product and let other do the selling and get paid. They can't lose - you win, they win;  you lose, they also win Cheers!

 

 

Good or bad depends on which side of the scale you're weighing your bet. Therefore, STI < 2800 could mean different things to different Folks!

Haha ozone.....................it'll have a different focal point thenCheers!

 

Not a good thing if STI close < 2803.81.

General mkt - SSE ok, HSI not too good. Nikkei < 13025, not too nice; purely consolidation.

 

general note on current market:

STI at crucial pt of 2,800.

note that as this is a pivot point (btwn 2,600 and 3,000), it means it is capable of movement in either direction. A lot of people automatically assume that once a counter/index hits a "support", it means it will rebound. This is not necessarily true. If you look at the crash of the Euro versus the USD in the past 2 weeks, you can see that a pivot point is exactly that: even chance of moving in either direction.

Which direction is more likely, will be determined by other signals.

Until then, a reaching of a pivot level is not a signal to buy nor sell: it's only a signal to watch. You buy/sell only on the first turn after the pivot. That may be an up or a down.

Meanwhile, it's back to table tennis.   

 

hey, singaporegal's here!

yuppers, good article, ed88ks.

so to summarise it:

1) Always have a plan, and a contingency plan

2) Never go against the market

3) never go against your own personality.

And yea, not having a position is also a position. Gotta remember, be a live chicken, not a dead tiger!

 

Good post... :)

It deserves to be framed up and displayed...

 

Hi folks, some nice article for u all

When Traders Souls Are Tested

          This is a period that tries traders souls. The out-of-control market is the most feared environment for all traders. What goes through the minds of a seasoned trader at this junction of time?

            First, they always adhere to never betting the family farm. The old adage the market has more tenacity than a trader has money in their wallet. The seasoned pro always keeps some ammunition dry because, the enemy will not stop charging up the hill until they are vanquished, remember that. The market that purges approaches stealth fully and persists longer than anticipated. The danger of it can never be overstated.

            Secondly, the seasoned pro lives for these moments, these moments mark the line of Armageddon that must be crossed to arrive at the master status. Pain is a known ingredient of trading. The intensity of pain in trading is like it is for the body. We all know we will endure pain at some time in our life, that is a given. The intensity of the pain is the variable. I live by the credo that I will never have to endure more pain then I can withstand. This has prepared me to segregate my trading profits into other areas so the diversification can withstand one segregated pool's adverse situation.

            Thirdly, the seasoned pro must have a mental commitment to never quit. The person who puts themselves into unwavering commitment to a cause,Will Find A Way To Survive. The mind and resolve in a seasoned pro has no peer in other careers. The market's main purpose in life is 'Break You;' financially, emotionally, mentally, and finally physically. Those pros who are not broken become stronger in all aspects of their life. Growth occurs when death is side stepped.

            Fourth, the seasoned pro attacks the situation, never avoids. It is the battle of kill or be killed. The faint of heart will be consumed by the Tiger of resolve. It is a period that tries traders souls to reveal exactly what is there. Is it a shallow, unfounded stance or an anchored millennium edifice that defies time? The brain is a complex machine that does have the ability to cope. Experience provides life lessons as time unfolds, the lessons learned must be applied not hid and ignored because they will resurface.

            Fifth, a plan covering every scenario must be composed and memorized. The speed of the market in this environment is accelerated and not being prepared is allowing the enemy to unimpeded attack your fort and kill you. ALL possible defenses must be in place whereby you can survive. Survival is key because to not is failure. Seasoned pros will not succumb to failure. They do find a way to endure, persevere and win. The vanquished enemy needs to run down the hill with your spear in their back and the hill secured.

            Sixth, emotions must be an ally. Knowing yourself must be utmost priority. The emotion of fear is in the seasoned pros arsenal, yes arsenal. The great, embrace fear and dig a fortress that is impregnable. The master is alone as others flee the heat of the torment. Plan to use anger to fight fear.

            Seventh, give the market an ultimatum. Never let it give you an ultimatum. The 'Ifs' are very important. Tell yourself this "If the market does this I will respond". Do not anticipate as rational thought does not apply to pandemonium. The fear of the eyes of the tape is readily evident, do you have the gumption to look the darkest moment in the face and see light? The old adage it is always darkest just before the dawn is a key to living another day. The true master lives by the belief that this too will pass. Mankind's heaviest millstones are bourn by those who surprise themselves. Keep in mind we will not be tested beyond what we can stand unless we let it be so.

 

if its a hot lady giving the course ..i don't mind man :):):)

 

I think a training course for SJ people by SJ people is a good idea. :)

 

 

Stock markets will go up only when everyone is bearish.

Right now, many are still bullish, or at least expect the market to go up...
So upside is not too promising now...

Better to wait till everyone is bearish... because then there will be no more sellers left, since they have all already sold (right now maybe many have still not sold yet)...



Just speculating, though... don't take this too seriously...  

 

 

Oops misunderstood you 

elfinchilde      ( Date: 14-Aug-2008 00:24) Posted: yuppers to trader88, CWQuah and livermore. And livermore, i believe you may have mistaken my words: i didn't say i believed that SPC = crude, what i said was that was what the market believes. it's the point i'm trying to make: in business sense, we know we're right: all the points you guys raised are the correct ones.  plus, few retail investors know that SPC's biz is actually far more complicated, if you've read their AR. it's divided into different segments. upstream for one may actually mean downstream for the other; that is how they hedge their position. But knowing business sense of a company, and seeing it applied in practice with its stock price, are two different things. Look at market movement. Correlate the two graphs of SPC and crude. What do you see? As long as in people's mind, the simplistic equation is crude = SPC, then, that's exactly how the stock will move. btw, this thread isn't just for me. If other veterans and market experts would like to share, or post differing opinions, please do so. It's best for learning this way.   The only thing i ask is that we avoid all the name calling, onesupmanship and such-like that goes on in some other threads, please.

 

erm... u mean like the one posted below ?

baseerahmed      ( Date: 13-Aug-2008 23:32) Posted: Smashing ! If these lessons are going to keep pace, I guess this is going to the hottest thread in SJ ! Beginners are going to have a feast ! Is this a prelude to something big ? Good luck !

 

btw, this thread isn't just for me. If other veterans and market experts would like to share, or post differing opinions, please do so. It's best for learning this way.  

The only thing i ask is that we avoid all the name calling, onesupmanship and such-like that goes on in some other threads, please.

in addition to the above , can we also keep the non-essential comments/trivias to a minimum ....so as to keep, and build up this thread into a solid and useful one ....  :  )

 

Sifu always contribute good wisdom for us to lap up... hehehe...

Regarding falling madly in love, the probability of of hatred later down the road is very real, since the love could have arisen due to desire for a particular physical feature (often a superficial one) the other person has.

When this particular loved feature no more features as prominently as before, rot sets quickly in, particularly if shortcomings and obvious faults are knowingly tolerated at first...  

 

Elfin, I couldn't agree more with Mark Twain's "get the facts right first, distort them later.."; but it would be better to get the right facts early and distort them straight away in today's environments (especially the financial markets'). With due respect to Mark Twain and his thought at that time and situations - facts are always facts whether they're past, present or future. Understanding whether they're 'useful' in the applications could mean different results in different environments! Cheers!

BTW, the reason for not to fall in love with a stock is just simply that when you're in love (whether with a thing or a person), your sentiment is playing a part in how you feel and react in a 'biased' way - thinking more with your heart and not your head! The result is often one way : Difficult and painful to part and may end up in 'HATE' ! Cheers!

 

HI ALL,

Anyone join the CMC trading competition?

 
 

 

 

yuppers to trader88, CWQuah and livermore. And livermore, i believe you may have mistaken my words: i didn't say i believed that SPC = crude, what i said was that was what the market believes.

it's the point i'm trying to make: in business sense, we know we're right: all the points you guys raised are the correct ones.  plus, few retail investors know that SPC's biz is actually far more complicated, if you've read their AR. it's divided into different segments. upstream for one may actually mean downstream for the other; that is how they hedge their position. But knowing business sense of a company, and seeing it applied in practice with its stock price, are two different things.

Look at market movement. Correlate the two graphs of SPC and crude. What do you see?

As long as in people's mind, the simplistic equation is crude = SPC, then, that's exactly how the stock will move.

btw, this thread isn't just for me. If other veterans and market experts would like to share, or post differing opinions, please do so. It's best for learning this way.  

The only thing i ask is that we avoid all the name calling, onesupmanship and such-like that goes on in some other threads, please.

 

Smashing !

If these lessons are going to keep pace, I guess this is going to the hottest thread in SJ !

Beginners are going to have a feast !

Is this a prelude to something big ? Good luck !