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For the contra players....
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librajet
Elite |
03-Oct-2013 12:41
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Bro, I have been reading yr msg so many times, what I dont understand is.....with all the debts, why are you still having open contra position on AP Strat and Albedo?? Bro, just stop, it wont help you at all. Each time I read, it only remind me of my past, think I have decided too, lets hold hands and walk out totally. Im not in yr position but LETS DO IT, ok??? 
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Oldbird
Senior |
03-Oct-2013 12:03
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A very sincere advices from tea44 n librajet...I share the same view with them after 30 years in the market..
Of course , some might make it ..but the question is how many ppl..n for how long.
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tea444u
Master |
03-Oct-2013 11:53
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INVEST AND HOLD ...never play CONTRA..NEVER... | ||||
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librajet
Elite |
03-Oct-2013 11:49
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Bro, indeed a true story I have heard, witness and experience throughout my trading experience for 20 yrs.   Hard to stop till enuf is enuf, always a sad case. Living a zombie life is very tough but once ur out, u will feel better. You are not alone, many are with you, sad to say. Many of my friends from very rich background turning into bankrupt and very much hated by their family, friends and worst their brokers. Patch back with your wife, that is very important. Readers, if anyone or everyone ever tell u the truth about their trading, Im quite sure at least 80% are still in RED, mkt is bigger than us. Take care & God   Bless too  
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alvinngsh
Senior |
03-Oct-2013 11:47
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Take care and all the best to u.
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solidbuy
Veteran |
03-Oct-2013 11:46
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oh sorry to hear that. if play contra, play small small can liao. sometime win kopi money sometime lose lunch money can liao. if want to play big, you need to be able to hold long....BBs are out to take money from small players. whether up or down, they can play you out and swallow you. Hope everyone restrain himself/herself. For me I can lose on paper but I can long for years until profit....and I play within my means(the most lose 1 month salary). :)
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muifan
Master |
03-Oct-2013 11:40
Yells: "Take the leap of faith dont regret 20 years later!" |
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Hi, thank you for this post, it serve as a reminder to myself.. as I also like to dabble with contra... thank you 
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gavinl
Elite |
03-Oct-2013 11:40
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I really feel you. May good fortune shines on you soon. Life is full of obstacles and $$$ is just one of them. Stay strong and have faith. Like miss yummy said, dont do anything stupid. Best of luck to you. | ||||
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meohmy
Senior |
03-Oct-2013 11:39
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god bless u too and hope things work out fine for u in the end. take care! 
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RustyK
Member |
03-Oct-2013 11:35
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Thank you. All the best | ||||
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Winson
Senior |
03-Oct-2013 11:16
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Thanks for sharing....
All the best to you...
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yummygd
Supreme |
03-Oct-2013 11:15
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Bro dun lose heart. Most important to just quit e market n work hard n pay off e debts.Save up n den invest in e future. 200 k might be alot but its not impossible to pay back. Slowly u still young. Dun do stupid things. Just learn from past failures can liao. Wish u luck in future. | ||||
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iluvboost
Master |
03-Oct-2013 11:13
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Good story. Imho, contra is not sustainable in volatile or bearish market, (net-net) besides u are playing speculated pennies. easy earn easy lose.   Like my broker say, taking a dagger (retailer) to fight a tank (bb)  dont play too big... Hope it turns well for u in the end!
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Sofarsogood?
Member |
03-Oct-2013 11:04
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Dear Readers, I am writing this post to share with all the contra players on what has happened to me as a frequent contra player.  I am in my early thirties and started to play contra 2 years back. When I just started, my contra limit that I played was approximate SGD30k to SGD300k as of today. My accumulated losses (losses net of profits) arising from contra when I just started were also growth from SGD20k to current more than SGD200k. I can make SGD30k a day and lose SGD50k a day. I am now in deep debt and owing bank, family and friend of more than SGD200k. As of today, i still have huge open contra position on AP Strat and Albedo.  I am writing this to share with all the contra players (especially newbies) that if you are intending to start or in the beginning stage of playing contras, please think twice and reconsider. You can make fast $$ and also lose a lot too. I am basically broke now (yes - I am unofficially broke) and   I have decided to stop playing contra. My family, career are all badly affected. My wife is suggesting for a divorcement with me and I may be losing my 10 months old baby too. I am into depression, really regret and remorseful of my actions.  I hope this short note will help, hopefully, the newbies or contra players not falling into my situation. I have nothing against investment in stocks (buy and hold for capital gain) but importantly to invest within your means. I am making this post as I think this by sharing my situation with the contra players is the little thing that I may be able to do for the society. Take care & God bless. |
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