Hi Rachael,

I hope u dun feel offended with my sharing, this is just my opinion and advice as everyone has their own trading style, I sincerely hope my sharing will help u n benefit u.

It is my firm belief tat there is no easy way out in life, including trading, we need to learn the tools of the trade (be it any trades) be it FA or TA or both as I had posted in this forum sharing my folly when I 1st step into trading, taking the easy way out n wise up after making hugh losses, do a search on my name n read it.

Personally, I m both FA n TA with more inclination towards TA.

FA wise, I read broking houses writeups, CNA interviews of analysts, forum, bloomberg... blah...blah...blah... just to get a feel of the mkt as I m sure after listening/reading so many analysts views, we tends to get confused at times as there are conflicting opinions n views, so at the end of the day, I still stick to TA as my tools for my trading decisions, though it is not infallible.

We need something to guide us when we tread this minefield of trading, so TA is my compass n guiding light (though it is not infallible, thus the need to set cut-loss point) just as satellite navigation is the guiding light to planes n ships.

Depending on your inclinations and whether u seriously want to learn TA, I had made many postings sharing my advice, recommended a few good TA books ( u can also search bookstores for some good TA books) n "Free TA Tutorial" websites n expert TA analyst website, click on my name n search n read thru them all n read as many TA books and money management books, it will definitely stand u in good stead.

Making losses is part n parcel of trading, thus why I always remember by heart n abide by the 3 mantras I learnt from TA books:

(1) Remember, the trend is your friend, never, never go against the trend, we need to know the short-term, mid-term n long term trend n trade accordingly

(2) Plan your trade n trade your plan, which means we need to analyse the chart for buying opportunities (TA skills needed, though not infallible) n set out stop-loss point b4 enter a trade

(3) Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can always re-enter if there is another buy sign candles, even if buying at a higher price.

one thing bad abt this forum is that we cannot edit if typo error occur ...unlike kitco forum, where i can alway edit or delete message even after i had posted...

the last statement for the previous post...shd be let huat ahhhhhhhhhh together ....hope march low is the low for this bear.

goodbye and good luck.

 (i don't like this, but after reading the post made me so angry). I did brought at $1.78 and $1.79 and sold at $1.80 (I thought I am an adult no need to explain to people of my action but since i am attack here so need to clarify myself)

brought at $1.78 because seen this share has been going at $1.98 this is early or Mid June  but who knows once I buy it started to fall to the lowest at $1.68 and contantly around $1.75/$1.76

Okay, than I thought maybe i should hold on to it since all other counters are not doing well and so been stuck there since mid June until now..than i read Cheongwee posting and so some research about this counter and think maybe this is not so bad and brought some at $1.79 when i saw the price starting to go up to $1.83....yeah maybe it is true that it will go up to $2.20 soon, so better not miss the boat. 

Now what made me sell at $1.80....every morning and evening I will hear the financial news from the radio and Thursday will be an important financial unemployment figures from the USA which was why this week trading was thin. If employment figures are high, US will be more difficult to come out of recession and shares will tumble. Cheongwee, I thought you said I must have a lost stop?so that what i am doing...and you are right I did not made any money and also did not loss any money on this counter. I have already paid $1800 loss on Epure so not going to pay again for another lesson. all these are my hard earn money from my full time job,.

After I sold at $1.80, yesterday this counter ended at $1.74/5(?).... which is not so bad.... I thought it will tumble further.  As mentioned before I am very new trading shares, just earn a few thousand from Mermaid so I am still learning and will get very upset with myself if I get burn from trading shares.

btw, who do i offended huh??? exchange 23, thank you for speaking out for me.

cheongwee      ( Date: 03-Jul-2009 20:34) Posted: exchange23...cheongwee will never do thing dratiscally to shame ppl, but since u say so...let me explain... rachael ...post she bought at 1.79...and sold at 1.80...so i was wondering where got profit??? and is there really sinful to say she will regret selling too soon...i dont see any wrong in that..can pls tell me...if there is then i am sorry.. pls see her post i paste here...i dont make up thing... and this show u guy here just take what ppl throw at you without DYODD...i do read your previous post...pls take note. but dont worry..SAR is solid counter, it will soar..look at it today u know..coal have increase 25% from March...so next reporting will be very good...no worry ...SAR invester...stasy vested.   01-Jul-2009 16:32 StraitsAsia   /   Straits Asia      4Go to Message x 0 x 0 Haha....I sold all of mine at $1.80 liao... Rate This Post:   Good Post   Bad Post   01-Jul-2009 12:53 StraitsAsia   /   Straits Asia      4Go to Message x 0 x 0 Cheongwee, yes brought the shares        (at the wrong price) and have  been    until now.....however I notice that this week is not so bad, the prices are between $1.74 to $1.80 from yesterday and today. Will hangon to them for a few more days...... hopefully  these   will come to me by this week. If not will cut less and   Can I know which counters can see your posting  at Share junctions? Rate This Post:   Good Post   Bad Post   30-Jun-2009 08:46 StraitsAsia   /   Straits Asia      4Go to Message x 1 x 0 Hello Cheongwee, thanks for introducing me this counter. I have shifted all my Epure shares (loss $1800) to buy 15 lots of StraitsAsia at $1.78 (only regret is I should have brought it last 2 weeks below this price). Hopefully will go up to $2.20 by Jul. Rate This Post:   Good Post   Bad Post   19-Jun-2009 09:42 StraitsAsia   /   Straits Asia      4Go to Message x 0 x 0 I heard from the news too that oil price is up and US market was up yesterday.....so "JIA YOU" STRAITS ASIA   Rate This Post:   Good Post   Bad Post   18-Jun-2009 12:54 StraitsAsia   /   Straits Asia      4Go to Message x 0 x 0 foucs6900 thanks for your "kind" encouragement Rate This Post:   Good Post   Bad Post   18-Jun-2009 12:13 StraitsAsia   /   Straits Asia      4Go to Message x 0 x 0 die liao lah....I brought at 16 lots at $1.79 on Monday......hope it will not go down anymore. stormwatch, I hope you are right.