Straits Times Index   

STI to cross 3000 boosted by long-term investors

iPunter

Our values are quite aligned. we're buddies in the same camp. We are also lovers of good punt and puns:). We love to trade strokes and stocks here and there for the fun and joy of the process. Life is short. So let us live, work and play hard!! Perhaps, when luck strike and we have tons of monies we can play big and small in the IR together, adopting the double or nothing formula - whenever we lose, we keep doubling up the bet, not only to recover lossess but double our rewards. Theoretically it is a perfect formula to make big winnings since we have monies to throw the dices. But then if we are so obscenely rich, why do we want to bet at all. Might as well open our own casinoes and be the bankers to win other people's monies. hahaha

 

Lausk22...

Absolutely... Your words just about sums up my own views on the subject... :)

It is absolutely important to recognise the stock market for what it is:
It is essentially a place where risks and opportunities abound. The same can be said of any casino, too. Whenever there's rick, there's the question of odds. And with that comes the  embracement of probabilties in our favour ie. calculated risk-taking.

Due to the inherent risk in the stock market, (if this weren't so, there won't be so many people losing money, right? So it's even nice just to assume there's risk present even if one is very optimistic and bullish at a particular time),  one must  tackle the damn 'beast' in an appropriately defensive manner, rather than flooding one's consciousness with just an optimistic and overwhelming desire to make big money fast. The way to  do it is through sound money-management, thus avoiding big losses occurring at all.

On the other hand, due to the inherent risk and potentially big rewards, one can also treat the market just like one would a casino. In this case the results can be just as satisfying as in any conventional casino, especially when one bets big. But then, the question of affordability comes into the picture when one operates this way.

 

Hi Ipunter, very good style, Me is oso that, got profit take 1st w/o paying, but sometimes humam mah..greed alway playing in one mind.

Me, if i bot a good stock and it does not go up or down , or even if down, i will hold that stock like sg CitySpring, bot at $1.53c, i paid up and hold knowing one fine day it will double it px.

 

iPunter

You are one of the foremost propagators that no market players have the perfect formula or SOP in making their fortune in the stock market.  I fully agree with u. So many a time, whether we are a winner or loser, luck does count a lot unless we have tons of monies and great holding powers to tide ourselves until the time is ripe to take profits. 

 

Lausk22...

Not really making myself a thoughless "machine"... but since the stock market is such a risky place (I will always and humbly treat it as such), one needs to treat it as objectively as possible.

And human emotions like loving (read defending) a stock, hating a stock, scared of appearing silly, needing to be right in an arguement, pet hates & dislikes, prejudices, etc. etc.  (in short, just being human) are absolutely detrimental to stock market operations.

 

iPunter u make yourself like a programmed buyer and seller:)

 

That's so true!

I am not surprised if the STI reaches 4000 real soon.

But that is not to say that all stocks will keep going up up and up . And this is where the plot thickens.... :)

 

Just my layman tots.

Every year without fail,the australian journalist and all the clever mkt analyst will always say that the mkt will be correcting this year.

But it always go up for the last 8 to 10 years.

How many years have STI been on the up and up?Last 3 to 4 years?

So STI have a long way to catch up.

Just my tots.

 

I enter and exit strictly without any emotion.

So I am never especially loving to any stock. Nor do I hold any unfavourable views of any stock.

When the charts say something, I just obey. (I often get out or in wrongly, but I don't need to 'save my face' at all).

 

Uncle teeth53...

I only enter when I expect a surge... so there's no question of me holding if it goes down...

If it goes down after I entered, theat means I am so wrong in the first place, then I never, never buy some more - I just admit I am wrong... :)

 

I believe a correction on STI is long overdue.... be careful!!

 

STI at all-time record high of 3,310 now .... Just bought 3310. Darn long Q due to next Friday's 10m ToTo draw!

 

DOWn (-) 0.30% or 38.54 pt (and not 60 pt) to 12,647.48 pt, very nomal.

Rise after entry and make good profit, that good. What if oni just abit protfit or worst lose commission, average down, to hold or cut lost ??. like eg Gent'l or SC. U take that kind of investment??. I am not vested on both till may px is certainly goes below or below pre IR px. Just mt tot.

 

I agree with Uncle CashierTan... :)

 

Uncle teeth53... :)

I only invest...

If my investments rise after entry and I made a good profit, I immediately convert it into a punt, ie take a good profit.

Whenever I let my profits run longer, it always run away!!!

 

3 days of decline.. i think DOW is correcting soon. i expect monday to be bloodly monday if dow dip another 60 points tonite..

 

today tested St indec3,310 liao, mt next TP is 3,500-3,800 by Jul07

 

Hi Ipunter,

Putting some fun into the word, very goodiie the good good, (-) the i, RU a punter err... day punter.

 

victorian, I shall heed your advice - and  not to be too greedy. Thanks for your concern.

 

hahaha...


To many people, make a bit, complain "got out too soon"...


Make more, complain "not enough"...


Make a lot, also regret "should have bought more"...

But many also happy like fish, didn't play so didn't lose "Didn't lose means win already"...  

So many types... :)