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Lost $8000 this month !

Manikamaniko,

this is just a personal observation.
Any particular reason why you keep referring  (or promoting) the genie tutorials?

 

 

Livermore... :)

It is wrong to say that the stock market is not suitable for everybody...
Actually, the stock market is the most beautiful place for everybody (who wants to make some money). But one must play it the right way...

It is just like "rubbing the Genie the right way"... hehehe...

 

The average person will make the same mistakes over and over again...
That is what is meant by...
"Your character determines your winnings and losses in the stock market".

If one is not following a good life-time mentor yet, begin right now to do so...
or you will make the same mistakes some more times...
and you may be 'kicked out' of the stock market forever (get wiped out)...

For those to which this apply, get this immediately... =>"The Genie Tutorials"
Then follow the teachings like a religion... with commitment, dedication and belief (in the teachings).

 

Losing money in the market is one thing but if you have learnt something from it and know what to do in future to prevent the same mistake, then that is good. Otherwise the same mistakes will be repeated over again.....

 

I have learnt something from the TA point of view after reading Prof Chan's book:)

 

Market might not be suitable for everybody............

 

Luckily my year end bonus helped offset my heavy losses in the past 2 months.

Otherwise, really don't know how to survive in this climate of ever-increasing costs. 

 

hullo hullo!! This is a really interesting post and i learnt much from it. so thanks to everyone espcially elf for sharing so much.

Right now i'll like to get a really good real time software for day trading purposes. It shld have real time TA and FA scanner capabilities, with definable/modifiable paramters. If programmable even better! The software+data feed is gonna really cost, maybe like $2000/year. So i wanna make the right choice from the start. The current candiates are:

Nextview, metastock pro, shareinvestor station

Some on this forum suggest tradestation, omnitrader also

Personally i find metastock pro got very lousy appearance, and shareinvestor station crippled in the scanning department. Nextview might just do the trick though..

So any feedback and suggestions from u all are most welcome!

 

 

 

 

 

 

Prof Chan uses TA too. He advocates the Dow theory, RSI and moving average. He correctly predicted market crash using TA using what he knows best. However he says some TA with complicated formula are not worth considering as he had already experimented with them.

Prof Chan also advocates holding some stocks for long term investment. So it is a mixture of strategies.

 

 

This loving Australian couple's "Genie Tutorials" (click to see) may help in the enlightening... 

 

By the way, to me, that is just another way of saying...

"If we breathe air, it is a sure way to poor health"... hardly acceptable, even to a trader... 

 

There should not be any 'argument' (for want of a better word) about the underlying truth of things.

It is up to each and every individual to make sense of whatever views one encounters in the course of one's own explorations. To take any statement or pronouncement at its face value, or not,  is a personal preference ...

 

Just finished reading a posting in SJ that quote Prof.Chan as saying that using TA is rubbish and a sure way to having huge financial lost.

 

 

Ideally, (and it does happen), one should get more than a few 'bonuses' a year from those well-placed trades which surge significantly upon entry...

but achieving this would require great and intuitive TA insights...  

 

Hi Scotty

Lucky u,as least u still have bonus.Being a full time investor in shares mean that i have no year end bonus.My earnings come from trading/investment.

So spare a thought for ppl like me....lol.

Anyway,ROI this year to date is about 10%.Mainly from trading in SPC and tat hong shares.Of course,have to include divvy from SPC.

 

hey asleep, apologies for the belated reply; i didn't see this thread til the new posts came up.

you wanna comment on et's charts, or you want me to comment on them? still holding onto the counter personally. it's a value stock: one of the last few on the local market. turn around company, NAV is 20c. If you see their recent AR, most of the losses was due to one write-off; if not, the company is actually making already. They've been lidding the stock tho. technically appears to be down, but the support is at 11.5c. Look at friday's charts: someone swept up 1000 plus lots at 11.5. they're distinctly accumulating the stock, and taking adv of current sentiments to do so.

I do not seriously believe it'll go down below 9.5. Am vested in this one, the value way (as opposed to trading): ie, i'm just gonna sit in it for the next year or whenever it hits NAV value or whatever.

and ahahahhaa, elfie is halfway between musicwhiz and scotty! i've gotten my year end bonus, but am unfortunately stuck in some counters. Not particularly worried tho. easttech is one of them; the other two do have a lot of potential, as livermore said, despite current volatility. Plus, i'm not in fully yet, either. Got the luxury of affording deep falls and can still shore up. Am in fact waiting for them to fall. Learnt my lesson aft august. hahaha.  Oh, and i'm in a bit of gold as a hedge. let's see how it goes.

 

Musciwhiz5 style is in some ways similar to mine. Some of the stocks out there have tremendous long term potential despite current market volatility

 

I have been vested the entire time in the stock market and have NOT gotten my bonus yet. LOL. Opposite of your situation, Scotty.

 

Hi all,

I feel a little better now that I am out of the stock market and have gotten my year end bonus. How is everyone doing so far? Let's share. 

 

Hi elf,

Can I comment on east tech's chart? 

 

I agree with Elf and prefer to buy shares at higher price now and not so much at lower price