Just once, just one mistake..even Oei HL can lost a billion...now 1 2 sue Citi advisers and 1 2 claim to donate it to charity....just wondering isit for medis buzzz.....?.

http://business.asiaone.com/Business/News/My%2BMoney/Story/A1Story20090521-142949.html

Pinnacle Notes Series 1 forms part of a collection of credit-linked notes issued by Pinnacle Performance and arranged by Morgan Stanley Asia.Already, Pinnacle Notes Series 9 and 10 are said to have seen their values plunge to near zero.

Pinnacle Notes Series 1 was sold to 342 retail investors who paid around $11.4 million for the complex product. A total of about $14.7 million was invested in it.

Main distributors were Maybank, OCBC Securities, CIMB-GK, Phillip Securities, Kim Eng Securities and DMG and Partner Securities, the central bank said yesterday.

How much you spent on these Tutorials in total?

How long have you applied it?

What you've learned? Technical ???? Chart???? or Fundamental????

Kindly please share.

iPunter      ( Date: 16-Apr-2009 19:39) Posted: For any stock player, no matter whether for the 'fun' of losing money... or  to make money... or simply not to lose a lot of money... It is utterly important to play the game right. 'Veteran losers' will also certainly benefit from ... The teachings and timeless wisdom of  "THE GENIE TUTORIALS" (click)...

Thanks freeme for sharing your investment journey so far.......I'm not a veteran in investments too.......In fact, I just entered the stock market at middle of 2008. My sharing so far have been taken from numerous investing books I've read up, most of them are from Warren Buffett's principles of investing.

I didn't go into short-term trading not because I don't think it can work, but because my personality is not suitable for it. I'm not willing to commit to doing trades so often. So, I adopt a buy-and-hold strategy. But, every strategy has it's shortfall. Mainly the shortfall is usually brought about by emotions which I agree with you is not easy to manage. That is why I know I can't do trading as I'm not willing to manage my emotions so often during trades, so as to be a rational trader. Some traders are stable, managing their emotions well, so they make excellent traders and do earn good returns by trading.

Even as I embark on a buy-and-hold strategy, I must be vigilant to execute it skillfully to know when to buy and when to sell (to be rational in my decision making same as doing short-term trades). Bascially, I find this mentality helpful, "Take away greed and fear.......and the decision making process will be clear."

I read somewhere that investors are always fighting against time, to make the most profits in the shortest time possible. That is why so often, there is the tendency to subcumb to greed and fear. One has to be rational to recognise that the stock market is not a lottery machine. Look at Warren Buffett, the world richest man. He made his current wealth through a lifetime of investing. If anyone thinks he can acheive Buffett's wealth in much lesser time, think carefully whether the person is boasting or lying through his teeth........

ya tks.

 I used to invest like what livermore said, i also had a cfd account for shorting. manage to earn up to 80% of my capital in cfd, but very tiring as i need to monitor very closely. N when the mkt move opposite, and u make 2-3 wrong trade at one time, u become very emotion.. no easily to control ur feeling. say easy do very hard.

many times i buy liao waited but didnt come, den selling liao cheong big big.. or buy liao drop, cut lose den cheong big big.. really not easy when u dun too much capital to play with. once lose hard to recover..

This is one way you can do it with 10K. Open 2 accounts - one for long and one for short. During uptrend, keep your money in long account. When downtrend resumes, transfer your money from long account to short account. When uptrend resumes, transfer your money back to long account.

When you open a margin account, you don't need to borrow if you don't want to. Treat it as just a long account. For CFD for short, again you don't need to borrow if you don't wish to. Just play within your own capital. This way you profit both ways 

I like your post. This is a good sharing,

One must know his own Characteristic, Risk Tolerance level, Time Frame before investing.

Different people do things differently. Traders cut loss when price moves in wrong direction from intial prediction. This ensures sustained profitability in their trades. They just need to have a few big wins and it will cover up the many small losses and still see substantial gain.

A buy-and-hold investor can do averaging down on an invested company if the intitial fundamentals of the company has not changed and there is no other better companies to deploy his capital towards to justify that he should sell at a loss in his current invested company.

Since the natural incline of a buy-and-hold investor is long term, he should be good at evaluating businesses to select only the best businesses to invest in. Thereafter, such an investor should see investing as partaking in the long term economics of the invested company.  As long as the company remains profitable over a long term and the investor has bought the company shares at an undervalued price, time will reward him as the value of his shares increases according to the economics of the business. For such an investor, patience is paramount. This means only investing in excellent businesses and only at undervalued prices (which do come by but once in a blue moon). Such an investor will invest heavily only at rare excellent opportunities. The rest of the time is spent waiting for such rare opportunities (while continuing to evaluate the many businesses around as well as monitor his holdings).

A myth regarding buy-and-hold investors is that they never sell shares. Such investor does sell shares, but will only do so on good grounds (e.g. fundamentals of invested company has deteriorated permanently or the share price is ridiculously overvalued above the worthy share price based on the potential total cashflow the business can generate for it's entire lifespan). 

There is no single way to invest. Some investors may even adopt both strategies (short-term trading and long term investors of businesses). One has to be skilled at the strategy/ies one believe(s) in. Having no investing philosophy is akin to going to battle without preparations. At the least, the troops may just suffer minor losses and escape from the enemies (e.g. small losses in stock market). At the worst, the troops may suffer great losses beyond any hope for recovery (e.g. total loss of one's investing capital).