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Buy fear, sell greed
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geojam
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19-Jan-2007 12:06
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Elf,what is ur trading turnover a month like? To be able to finacially independent so young is great. |
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elfinchilde
Elite |
19-Jan-2007 11:10
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why the nick kilroy, btw? it somehow reminds me of a japanese manga penguin.....hehe. and hohokit....a santa kitten? hehe. 24hrs...when do you sleep then man... zzz.... what are crosses? not familiar with FX market. |
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KiLrOy
Master |
19-Jan-2007 00:09
Yells: "I buy only what I can see." |
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I dont even have 5 millions USD to buy a seat in the pit in NYSE. I am not sure if there is one for FX. In the FX world, not even the Central Banks can rule or monopolise the market. I am beginning to appreciate the stock market -> 9am - 5pm, Mon - Fri done deal. :) |
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iPunter
Supreme |
18-Jan-2007 23:58
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So you must have tamed the pits by now? |
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KiLrOy
Master |
18-Jan-2007 23:53
Yells: "I buy only what I can see." |
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Well said. I wish I was financial literate when younger. Our society teaches us to get our degree and find a job but failed to teach us how to make real money and achieve financial freedom. I trade the majors and some crosses. Experience is what I gain everyday and am still learning. Wanna experience nerve of steel? Trade FX, its 24hrs. You live, eat & breath FX. :) |
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elfinchilde
Elite |
18-Jan-2007 23:36
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there's a saying somewhere that 'youth is wasted on the young'.... is everyone here above 30? meh. I kinda had the impression singaporegal was 28... dunno why. you trade FX? o_0 ooh. big fish. no wonder why you can call such detail on the price charts alone. experience. *hats off to you!* which are you playing now? |
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KiLrOy
Master |
18-Jan-2007 23:27
Yells: "I buy only what I can see." |
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Remember to enjoy what you are doing (your 2 FT jobs) else you won't find pleasure even if you make the moolah. Lucky you. Stock trading stops @ 5.00pm everyday for you and you get to rest afterwards (if you dun have any business at night). I have to do 24hrs, Sunday 06:15H onwards to Saturday 05:00H becoz I trade FX. :) |
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hohokit
Veteran |
18-Jan-2007 23:10
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Elf u are so young below 30 so shiok |
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elfinchilde
Elite |
18-Jan-2007 23:08
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kilroy, yea, but it means you're essentially working two 'full time' jobs. but ah well...here's to the goal of financial independence! may i hit it before 30....>~< and may my liver be able to tolerate the weekends of boozing. haha. hohokit. of course i'm cute. *muacks* bwah hahahahaaaa! :P thanks for the dow update. :) |
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hohokit
Veteran |
18-Jan-2007 22:56
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Elf u are so cute. Dow up 15pts after reports show inflation in line with expections and unexpectedly strong housing starts last month. |
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KiLrOy
Master |
18-Jan-2007 22:51
Yells: "I buy only what I can see." |
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Well IMHO, if you are making a decent income on stocks while still having a day job, then you are doing well. Just remember to play hard comes weekend becoz you deserve it. *wink* |
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elfinchilde
Elite |
18-Jan-2007 22:43
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oh man...kilroy, you're sounding a bit hyper tonight man. haha. i wish i could keep up. so sleepy.....*wail* i'm so not going to survive a full time job. sigh. zzzzz.....where's the dow boy(s).....need the US data.... |
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KiLrOy
Master |
18-Jan-2007 22:37
Yells: "I buy only what I can see." |
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Thats the way to go champion! I will then rephase - 'Buy when others are fearing, sell when others are greedy.' :) |
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elfinchilde
Elite |
18-Jan-2007 22:28
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?? i had taken it to mean that one should adopt a contrarian stance to the general market. as in, when others are fearful and selling, you buy; when others get greedy and are buying, you sell. ?? |
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KiLrOy
Master |
18-Jan-2007 22:24
Yells: "I buy only what I can see." |
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Hmm.. i thought its when you are greedy for $, you start buying and when you fear that the price is going to collapse, you sell? Buy (when) Greed, Sell (when) Fear If you guys are fearing that the price may take a turn, chances are you will be selling so shouldn't it be Buy Greed, Sell Fear? |
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elfinchilde
Elite |
18-Jan-2007 22:11
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hm...perhaps soon but not time to out now yet....prob another two weeks or so to go... Singapore's Budget is out in feb, that'll likely add a feel-good factor to the market.. we seem to have separated out from the dow. all the more signs of irrational exuberance driving the market. alt, investors are outing of the US and into Asia. The nikkei, HSI etc are mostly up. It's not impossible to make money, quite possibly any second counter you pick will go up, it's about running, and fast, now, if you want to make a quick buck. gotta be selective and move very, very fast. a psychological game now, perhaps...The more the man on the street says the bears are here, the more institutions will keep things liquid and green. So we're tempted to buy, since everything you see is green; but the moment retailers take the bait and ramp it up further, there'll be massive selling and it's the old story again of who's left holding this baby. Perhaps. |
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goldcarps
Member |
18-Jan-2007 22:01
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Buy fear and sell greed i think is just the writer opinion, but we must also be conscious of the fact that to expect the unexpected in the market is one angle that we should not overlook. Nobody will know for sure where the market will be heading and they can only made educated guesses. Just my two cents worth :) |
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hmm3101
Member |
18-Jan-2007 21:44
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Totally agreed with 10bagger. Although I am new in the market. I think it's time to clear all position now. The bull seem to be very tired...and many false scenario are in the making to attract the last round of fools.....Hope that i'm wrong...happy trading at your own risk.... |
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10bagger
Member |
18-Jan-2007 10:17
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My plan is to clear all as soon as possible The bull is old, tired and vulnerable. There is a debt pyramid in the financial markets that makes credit contraction and a liquidity shock inevitable. Sometime next year, American housing will cause the global ATM machine to spew leprosy, not cash. Stock markets will crash. The next big emerging markets blow-up will be intercontinental and far reaching, with almost no place to hide. In this scenario, sell everything, sit on cash and go to the beach. |
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Livermore
Master |
17-Jan-2007 22:34
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Reading Business Times can also help you in your investments as not everything is "late" news.... |
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