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NO CONTRA ZONE
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Huat_ah
Senior |
08-Nov-2013 00:23
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Hello bro muifan, we meet again.... We have same problem I believe.... Hahahaha.
I find that Huge buy queue vol and Low sell queue vol, got two direction.... One is go Down if the buy queue suddenly drops lower and lower than the sell queue, Two is go Up if the buy queue still remains more than the sell queue. That is when Viking is from 0.130 to 0.134.... I shorted at 0.132 bcoz miss 0.133 and 0.134, but covered at 0.131 when I realized like kana trap.... Didn't get to sell at 0.129 and 0.130. Then Buy queue must keep topping up to manage a uptrend. Some say Big Sell queue will chiong up, u can check with bro Stockcham and his famous Great Wall of China theory. If have many big Buy queues but not many big Sell queues, chances also the counter will fall and also vice versa. Sometimes BB put fake queues especially sell queues to make us dream of the ever high TP... Like Viking has a big sell wall on Wed at 0.168 something I think.... We all thought it will chiong up but then tyre puncture.... Hit a high of 0.154... But just my observation not 100% accurate also lah. If good I won't lose $$$ also.... I used this when I short China Env, OkH and ISDN previously. Huat ah bro!!! Wish us good luck always!
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jomini
Veteran |
08-Nov-2013 00:02
Yells: "slow down, think, question" |
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see if volume reloads ie if more keep coming in after it has taken some selling down. large orders usually use icebergs
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Peter_Pan
Supreme |
07-Nov-2013 21:17
Yells: "did you order dunkin' donuts" |
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BRING IT ON..!!  |
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muifan
Master |
07-Nov-2013 21:16
Yells: "Take the leap of faith dont regret 20 years later!" |
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Then I am going to POST A QUESTION AFTER MY CHANTING.. HOW TO SPOT A FAKE BUY Q? in my case study- Viking mini recovery to 0.135-0.136 why i did not offload? one of the reason is buy Q is piling up thus faking me into thinking they are gg to trap shortist. But obviously it is fake and i got faked. In this Case, how to see the buy Q is fake? my sifu tell me general rule huge buy Qs are fake..because when BB buy..they dont let u so easily see.. and they usually dont Q...how true is this?
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Peter_Pan
Supreme |
07-Nov-2013 21:16
Yells: "did you order dunkin' donuts" |
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goodo goodo happi happi everibuddi huat huat | ||||
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muifan
Master |
07-Nov-2013 20:59
Yells: "Take the leap of faith dont regret 20 years later!" |
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tonight i am going to start chanting again. Recently I picked up some gyming activities and I find synergy between body building and stock trading. Both needs: DISCIPLINE,HARDWORK,NO CHEATING,NO SHORTCUT, PESERVERANCE, NEVER SAY DIE. I am already making a change, but today I still make a mistake. I tried bottom fishing. Here is my case study what went wrong? I longed 168lots viking at 0.133. My reason is it is at a range of a 10% correction from 0.15 , thus I longed thinking i have a buffer of already 10%. The price tanked further but recovered to 0.135-0.36. I did not offload for $100 profit, thinking knn hold for so many hours liao...$100 profit only..then after that no more chance, drop to around 0.13. WHAT WENT WRONG HERE AND WHAT SHOULD BE THE CORRECT PLAY? to sign off , here is a video about a cancer patient's fight back. Hope all bros feeling down, sucky , shitty, watch already got some inspiration. At 3rd min of the video:     http://www.youtube.com/watch?v=m8Ku_Amti0o THIS IS MY FIGHT BACK , TO BECOME A DIFFERENT ME. IN MY CASE A BETTER TRADER!!!!!!!!!!!!   |
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chezball
Member |
06-Nov-2013 23:37
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Hi all,   Just want to share that I attended Siazen Reit's AGM and went away with good insights about the company. They passed both of their proposed resolutions (duh!) and is going ahead with their 5 to 1 share consolidation plus share buy back. I think that is good sign. But I won't buy now. I will wait till consolidation happens and go in. Why you may ask? Well, I think this company have pretty strong fundamental. Good cash holdings and very stable income stream (too stable if you ask me) )   More info in my blog here:  http://www.myweekendinvestment.com/unique-s-reit-the-many-untold-stories-about-saizen-reit/ (I am vested)  
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muifan
Master |
05-Nov-2013 12:39
Yells: "Take the leap of faith dont regret 20 years later!" |
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Why do we always lose money? Why do we always win $200 but lose $2000?   Four Psychological States Of Emotion ? Greed, Fear, Hope, and Regret |
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Winson
Senior |
29-Oct-2013 22:47
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Bro, Noted with thanks. will start reading to learn more and hope able to refine my skill on trading.
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muifan
Master |
29-Oct-2013 21:34
Yells: "Take the leap of faith dont regret 20 years later!" |
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Hi bro medvih, yah this is to act as reminder and also act as a wake up call. many principles actually many people already know,   but either tiki or umm zai si (donno what is die), including myself. Just like I tell myself want to diet, secretly still go eat macdonalds and chai tau kuay.. no discipline...so i hope this thread many can come here and share their experience... saw you exited rex before halt, you must really come and teach how to exit, as i find exiting is really more difficult than entry...  
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medivh
Elite |
29-Oct-2013 21:12
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I went through this thread with some amusement..  these postings its kinda like an echo from  past warnings        its warnings given out before the FALL OUT  of the band of bros/sis in  well known, popular  thread                 who play contra almost every other day..(" ,)   But its a good thread started by Muifan.. good reminder..   and I know it must have been a tough ride for those bros/sis who lost a lot playing contra..    (." )   |
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muifan
Master |
29-Oct-2013 20:32
Yells: "Take the leap of faith dont regret 20 years later!" |
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Hi all bros and sis, now its time for us to step back and reflect. I shall start first. Long time ago, my sifu recommended me 1 book to read, but of cos, nothing happen I wont go la, rather spend time watching the market. Due to I decide to make a change last week by cutting all positions, I went to the national library near my house to borrow this book. For bro Winson, the book title is " Rocking Wallstreet - by Gary Marks. Library borrow free one, and can learn and improve yourself why not? 1st Chapter: The Beginning and the End Game. What is the " End Game" ? Basically it meant to accumulate enough to STOP. I do not have a plan as to what I really want from investing, contra, short , jeep , cut loss etc. To know your own personal END GAME is important because those who goes to casino will understand, if you go back again and again, eventually you will get wiped out , including your previous winnings. Ask yourself, do you prefer to be a 80 year old with $8000 in your bank or $8million dollars now but dies in 8 years time with heart attack?  If we become more aware of what money is doing to us, we will naturally become more patient, less risky over time. Basically the book is first telling us to get a life and not waste all your time in the game. Don't let the game play you, the game will eat you alive. Ask yourself, have you spend hours looking at the market  buying and selling a bunch of names and numbers ? Have you secretly in your weekends hope the weekend to fly by faster so that you can go back to the game? When is the last time you are free of stress? Every body wants financial freedom including myself, but not the way I used to if not I will die young. Now I am setting my own END GAME. I want to be like my sifu since he achieved that, I tell myself I also can achieve. Which is a portfolio that can give me $100k cd every year, that should be enough for me in my golden years. I calculated base on average 5% cd , I need a portfolio of 2million, I am starting to accumulate now and make a change once and for all... I hope other bros and sis, can also wake up like me before it is too late... chapter 2: Investing for your life VS Spending your life investing. to be continued... |
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chezball
Member |
27-Oct-2013 11:42
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Hi all,   I am pro adding position on Suntec Reit. I wrote a blog on Suntec in July (http://www.myweekendinvestment.com/time-to-invest-in-s-reit-now-which-counter-stands-out/) and it turns out a good investment. Recently I went back again to review the REITs landscape and Suntec REIT and Saizen REITs still looks attractive. You can see my analysis method here at blog. (http://www.myweekendinvestment.com/neat-way-to-filter-good-singapore-reits/). Disclaimer hor... I am vested in both.  note: I keep getting error when I want to do a hyperlink on the word, so i just did the old fashion cut and paste.  
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Winson
Senior |
25-Oct-2013 09:22
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True bro, let's work this out jia you....
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muifan
Master |
25-Oct-2013 09:15
Yells: "Take the leap of faith dont regret 20 years later!" |
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yes bro winson, dont rush things, in all forms of gambling...why people lose? Usually even casino and football is not difficult to win money, its because we are impatience, and wan to win fast to fight back losses, in the end the hole just gets deeper. So its not too late to wake up and do something, lets all huat ah! 
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Winson
Senior |
25-Oct-2013 08:51
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Bro, agreed with you, today onwards I will only take up only one small position, if never up then pick up.
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muifan
Master |
25-Oct-2013 08:46
Yells: "Take the leap of faith dont regret 20 years later!" |
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Hi iluvboost,  this is one point i wanted say too, totally agree. One contra trade you have to buy and sell, total for your broker alone lets say $25x2 +$50 per trade... hardcore traders can have 2-3 contra trades intraday...that amount add up in one week can be more than $500 comms alone...I rather trade less now...the less you trade the more comms you save in the long run, hence more chances to win...thus I have to reemphasize buy low and hold and sell. For eg REX, many know that the trend, but still end up lose $. For rex i lose $ because I usually contra, and usually buy at volume super high day. Then rex will rest for at least one week, then contra die, but after that you bang wall as rex chiong again. So if you have a little holding power, you could win a few round instead of like me lose a few rounds. Bro NOVICE START NOW 
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star-trader
Senior |
25-Oct-2013 07:51
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While waiting for Sis Luna.. Let me chip in and tell u at the current time, I will choose SuntecReits.. :) Not that Singtel or others stocks( which I didn't check the TA) are not good to keep, but one must believe during each time and day, the TA is important to help you to win a certain trade..So for now, I will choose to keep SuntecReits even if it tanked down a bit as I believe that the uptrend has persist after,even not, it will still come at some point of time to rebound back to at least nearest to its' peak. DYODD  
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Oldbird
Senior |
25-Oct-2013 06:44
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I agree with with maifan on many of what he said... Ppl in the market long enough should fully agree on the following quote regardless whether you are a smart value investor or a skillful trader. NO AMOUNT OF SKILLS, KNOWLEDGES AND EXPERIENCES CAN PREDICT MARKET NEXT MOVE. As such , holding power will increase the chances of winning allowing us to win even after making wrong prediction...the key is to hold only fundamentally sound stocks not the junks... Traders use cut loss strategy if they make wrong prediction which is also good...But they must be like a emotionless programed computer to do it well...not many can make it . |
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muifan
Master |
25-Oct-2013 00:55
Yells: "Take the leap of faith dont regret 20 years later!" |
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Hi Sis Luna... my humble opinion on this: Lets say these stocks, all chiong and tanked, which one will you choose to hold? Rex, Blumont, YHM, Suntec Reits, Singtel,   Innopac, Allbedo. I guess it is obvious. I think it is back to FA and dividend yield. In this case, excluding the blue chips, among the pennies, YHM have slightly more FA and you will choose to hold that I assume. And the power of CD is very important in holding a counter. I look at my sifu's portfolio...the penniest penny is Golden Agri..which he holds from 17c till now..$5 cd per lot every year...and he holds 400 liap knn    
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