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BornAgain Member	25-Nov-2013 09:16        BornAgain About Contact  Quote this Post!
x 0   x 0  Alert Admin	can RH reach further?
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Speedy Member	25-Nov-2013 09:12        Speedy About Contact  Quote this Post!
x 0   x 0  Alert Admin	First target reached!! Speedy      ( Date: 25-Nov-2013 09:10) Posted: RH petrogas may reach 60 today
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Speedy Member	25-Nov-2013 09:10        Speedy About Contact  Quote this Post!
x 0   x 0  Alert Admin	RH petrogas may reach 60 today
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Speedy Member	25-Nov-2013 09:06        Speedy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Vested. Up already justjoin      ( Date: 25-Nov-2013 09:04) Posted: RH petrogas
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justjoin Elite	25-Nov-2013 09:04        justjoin About Contact  Quote this Post!
x 0   x 0  Alert Admin	RH petrogas
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justjoin Elite	25-Nov-2013 08:55        justjoin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Go for GLP and M1
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lglg666 Veteran	25-Nov-2013 08:53        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good morning to u and bro JJ....wishing all a profitable week ahead, cheers! hosayleow      ( Date: 25-Nov-2013 08:47) Posted: Pre-Opening shows 3.00 with more buyers than sellers at that price. Strong buying at 2.98 (Friday's Closing Price) and at 2.99 is also noted. Hmmm..... shall I just take the plunge and grab some at opening? Ponder....Ponder....  hosayleow      ( Date: 24-Nov-2013 18:34) Posted: GLP .... Goo Lam Pha. LOL Last High was 3.13 (15th & 18th Nov). She retraced to 2.93 (21st Nov) and bounced. Closed at 2.98 on Friday. Chart-wise, looks like she can rebound back to 3.10 to 3.13. From her chart, you can see that each time she hits a TOP, she will do a STEEP RETRACEMENT. After she has found a bottom, she will blast off again. Without fail. Bro JJ... I posted the chart at Sniper.
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hosayleow Member	25-Nov-2013 08:47        hosayleow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pre-Opening shows 3.00 with more buyers than sellers at that price. Strong buying at 2.98 (Friday's Closing Price) and at 2.99 is also noted. Hmmm..... shall I just take the plunge and grab some at opening? Ponder....Ponder....  hosayleow      ( Date: 24-Nov-2013 18:34) Posted: GLP .... Goo Lam Pha. LOL Last High was 3.13 (15th & 18th Nov). She retraced to 2.93 (21st Nov) and bounced. Closed at 2.98 on Friday. Chart-wise, looks like she can rebound back to 3.10 to 3.13. From her chart, you can see that each time she hits a TOP, she will do a STEEP RETRACEMENT. After she has found a bottom, she will blast off again. Without fail. Bro JJ... I posted the chart at Sniper.
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sugeee Veteran	24-Nov-2013 20:49        sugeee About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Thank you brother for sharing.  It is very informative. Greatly appreciated. hosayleow      ( Date: 24-Nov-2013 17:32) Posted: A brother PM me to ask some questions. I thought my answer to him may be of interest to some of you. Here goes... " Hi bro, Answer to your Questions 1 and 2 - I use IG Market. When you sign up with them, their standard com rate is 0.1% of contract value with minimum com of $15.00. For me, I enjoy 0.09% com becoz one fine day, IG sent me an email to say they have identified me as a " high frequency trader" and they upgraded my account to a Premium Account and one of the benefits is that 0.09% com.  Regarding SHORTing, sometimes when I tried to key in a SHORT ORDER, my request was denied. When this happens, what I need to do is to call their Hotline to speak to a dealer to request him to borrow scrips for me. He will then ask around from his panel of brokers and call me back later. Sometimes they can borrow scrips. Sometimes not. And sometimes not at the quantity I wanted. I believe this same problem is encountered elsewhere. 2 weeks ago, I wanted to short OSIM at $2.33 x 100 lots. Unfortunately, IG could not borrow scrips. OSIM fell to 2.17. That could had been a profitable $16K trade!!!  As for your No. 3, you are right. Just becoz CFD gives you more firepower does NOT mean you must use ALL OF IT. If you trade the same quantity using the same amount of capital and ignore the margin part, then you are using CFD not for its margin but to enjoy its other features, ie. low com and the ability to SHORT, which an online Cash Account cannot offer. Then when you gain more experience in trading, you can start to use some of the extra firepower offered by margin to capitalise on good opportunities to maximise your gains. What is needed is Trading Discipline. The selective and strategic use of margin as a sound tactical move in times of great opportunities, is something you can move on to when you have acquired enough trading experience and you know your stocks and the broader market well. Careful and decisive use of margin at the right time can propel you to greater heights and take you to a higher level of this game. As for scanning the market to look for trading opportunities, it is a mix of chart reading, price action observation and analysis and intuition. What I do is to study a stock to understand its pre-requisites before it makes a major move to the upside or downside. These pre-requisites are what I refer to as Set Ups. Know what the Set Ups for each stock is. And then go out there to look for them. Or to wait for them to appear. And when they do appear, to act on it and strike decisively. SingTel.... Closed at 3.70 on Friday. If you see 3.66/3.67....BUY some. If the price should rise after that, ADD more. She is paying 6.8 cts dividends. Hence, for her, Dividend Play is NOW SHOWING. Expect her to range between 3.66 to 3.74 for a while. After that, she will move to a higher level playing field and range trade at 3.74 to 3.80. And as her XD date draws nearer, we will see 3.84/3.85. All the best, bro!
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lglg666 Veteran	24-Nov-2013 20:27        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thank you in advance....awaiting your gong to sound, still got a small store of ready bullets to let fly. Cheers! hosayleow      ( Date: 24-Nov-2013 18:08) Posted: Bro IgIg666, In the market, to make big money, you need to catch the big moves. These big moves dont come by all the time. But they do come. You just have to be patient to wait for them to show up. And when they do, to Ka Ka put your chips on the table. To make money, you need money. The working class ..... work for their money. The rich....make their money work for them. Which is why good companies with a prudent management team will keep cash....lots of it in their bank account even though interest rate is paltry. Why? Becoz if and when a window of opportunity opens up suddenly, the one who can seize that opportunity is the one who the money. For that reason, I am keeping the bulk of my bullets on standby in the Ammo Dump. I am waiting for those big moves to appear. Meantime, I keep myself entertained by doing small trades. I dont open a trade to make just 1 bid. I make as much as the market is willing to give. But if need be, I am faced with a situation where either I take that 1 bid or the market takes it back, then I will have no hesitation to grab that 1 bid and run. These small small trades which I do whenever opportunities present themselves... I call them Chicken Run. And when I have a successful run, I get to harvest eggs. One egg represents one dollar. Decimals are ignored. Last Friday, I did 2 Chicken Runs. SHORT CapMallsAsia at 2.04 on Thu and covered at 2.03 on Friday. Collected more than 400 eggs nett. Then on that same day, I LONG CapMallsAsia at 2.02 and unLONG at 2.03 and collected another more than 400 eggs. That was a good day. On better days, the harvest can be more than 1000 eggs. But on a not-so-good day, it can be just 20 to 50 eggs. But do NOT belittle small profits. They add up. And they do your morale a lot of good. If you make $50 today, this month's phone bill is taken care of. If you make another $50 tomorrow, that can pay for half a tank of petrol. Another $50 the next day means your lunch and dinner for the next 5 days is taken care of. I dont know about you guys but I do find this very therapeutic and encouraging. These small trades are to keep me entertained and on my toes. Whilst I patiently wait for the Set Ups for the big moves to appear. And when I see one, I will chio you. Hope you have your bullets available then to make the trade. I will just sound the GONG. The rest is up to you.  lglg666      ( Date: 24-Nov-2013 17:06) Posted: For the courses...it's my wife who insisted that I go. And yes...gone thru Txx, Chartxxxxx, Forex ones too and spent thousands & times and loss much more after that. Frankly I do enjoy attending just to watch gullible ppl...me and my wife included listening to mentors who can be my children talking about how much they earn trading...I always told my wife they made their money from greedy fools like us as trainers and maybe they are the very lucky traders during the good time who had the foresight to quit trading and become trainers....before they lose their pants. Only these past couple of years after I stopped chasing after rainbows....that I can be happy with my trading and found my freedom away from stocks and forex. To be happy with life doing just simple things...fishing, prawning, lim kopi, see movies, happy to wake up in the morning, hold my wife's hand and attend presentations/AGM/seminars together then have a good laugh afterwards. Yes....I'm one old bird. You are spot on regarding the training and courses....no need to go as most materials can be found on the net for free. All one has to do is to look for them and read then try out if it suits one's style. Of course, if got free good mentor to point out the right ways....things will be smoother eg like what you do to teach youngster to trade. Do more good deeds for good karma :) btw my coffin money is riding on Rowsley and it's warrants....with the rest on Wilmar, HyFlux and some leftovers in Viking, GRP and peanuts in Maxi-cash. For my own kids....the advice is "don't ever trade" & "easy early profit is not a blessing more like a curse/bad thing...made one super greedy and can cause huge headache/mess in one's future
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iluvboost Master	24-Nov-2013 18:45        iluvboost About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	bro, i think u meant 1.92... 1.82 is too far way...1.84 is significant support though, during the major correction. however theres a gap at 1.89-1.92. it might be closed of the red candles continue... cheers  hosayleow      ( Date: 24-Nov-2013 18:28) Posted: Hi Bro, No need to move to PM. I am sure the others want to be in the know and to be kept in the loop too. CapitaMall Trust... 5 red candles already over the whole of last week. Even if a 6th red candle should appear on Monday, a green candle should be next. Ya.....chart-wise it looks like 1.945/1.95 coincides as a support level in line with the previous dip. The next one below that dip is somewhere at 1.82. MACD, RSI and Stochastics are all still falling though. But Dow's positive closing on Friday should provide some uplift. Resistance is at her 200-dma at 2.02. A rebound from 1.945 is 50 : 50. A rebound from 1.82 will have a higher probability of success. My only worry is whether our market will shrug off   Dow's 54-pt rise. Thu's rise was 100-pt. But our market did shrug it off on the whole of Friday. The STI closed up by a puny 0.01 point !!! [shake head] If you are already in it, you can only wait and see. But if you are waiting to jump in, then should wait.  iluvboost      ( Date: 24-Nov-2013 17:55) Posted: Hi Hosayliao, many times i tried to short, i also cant get scrips cos too high demand, and scrips already given to those with high priority or early birds. i.e, tried to short Ezion and Suntecreit during the correction.. I find IG interface similar to CMC markets, and KE CFD and DBSV Cfd are similar in terms of platform design (i believe they use the same supplier) What i like is the contingent orders that can stay in the system infinitely, with IFDONE, OCO scenarios..  For Singtel, agree 3.66-3.74 is a strong support entry price... however if it breaks must SL fast cos it will go to 3.6 - 3.57. Im waiting for Capland at 2.97-300 to enter.. u reckon CapitaMall at 1.95 is a good buy now?  Perhaps we can move to PM if u find that more convenient..cheer
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hosayleow Member	24-Nov-2013 18:34        hosayleow About Contact  Quote this Post!
x 1   x 0  Alert Admin	GLP .... Goo Lam Pha. LOL Last High was 3.13 (15th & 18th Nov). She retraced to 2.93 (21st Nov) and bounced. Closed at 2.98 on Friday. Chart-wise, looks like she can rebound back to 3.10 to 3.13. From her chart, you can see that each time she hits a TOP, she will do a STEEP RETRACEMENT. After she has found a bottom, she will blast off again. Without fail. Bro JJ... I posted the chart at Sniper.
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hosayleow Member	24-Nov-2013 18:28        hosayleow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Bro, No need to move to PM. I am sure the others want to be in the know and to be kept in the loop too. CapitaMall Trust... 5 red candles already over the whole of last week. Even if a 6th red candle should appear on Monday, a green candle should be next. Ya.....chart-wise it looks like 1.945/1.95 coincides as a support level in line with the previous dip. The next one below that dip is somewhere at 1.82. MACD, RSI and Stochastics are all still falling though. But Dow's positive closing on Friday should provide some uplift. Resistance is at her 200-dma at 2.02. A rebound from 1.945 is 50 : 50. A rebound from 1.82 will have a higher probability of success. My only worry is whether our market will shrug off   Dow's 54-pt rise. Thu's rise was 100-pt. But our market did shrug it off on the whole of Friday. The STI closed up by a puny 0.01 point !!! [shake head] If you are already in it, you can only wait and see. But if you are waiting to jump in, then should wait.  iluvboost      ( Date: 24-Nov-2013 17:55) Posted: Hi Hosayliao, many times i tried to short, i also cant get scrips cos too high demand, and scrips already given to those with high priority or early birds. i.e, tried to short Ezion and Suntecreit during the correction.. I find IG interface similar to CMC markets, and KE CFD and DBSV Cfd are similar in terms of platform design (i believe they use the same supplier) What i like is the contingent orders that can stay in the system infinitely, with IFDONE, OCO scenarios..  For Singtel, agree 3.66-3.74 is a strong support entry price... however if it breaks must SL fast cos it will go to 3.6 - 3.57. Im waiting for Capland at 2.97-300 to enter.. u reckon CapitaMall at 1.95 is a good buy now?  Perhaps we can move to PM if u find that more convenient..cheers hosayleow      ( Date: 24-Nov-2013 17:32) Posted: A brother PM me to ask some questions. I thought my answer to him may be of interest to some of you. Here goes... " Hi bro, Answer to your Questions 1 and 2 - I use IG Market. When you sign up with them, their standard com rate is 0.1% of contract value with minimum com of $15.00. For me, I enjoy 0.09% com becoz one fine day, IG sent me an email to say they have identified me as a " high frequency trader" and they upgraded my account to a Premium Account and one of the benefits is that 0.09% com.  Regarding SHORTing, sometimes when I tried to key in a SHORT ORDER, my request was denied. When this happens, what I need to do is to call their Hotline to speak to a dealer to request him to borrow scrips for me. He will then ask around from his panel of brokers and call me back later. Sometimes they can borrow scrips. Sometimes not. And sometimes not at the quantity I wanted. I believe this same problem is encountered elsewhere. 2 weeks ago, I wanted to short OSIM at $2.33 x 100 lots. Unfortunately, IG could not borrow scrips. OSIM fell to 2.17. That could had been a profitable $16K trade!!!  As for your No. 3, you are right. Just becoz CFD gives you more firepower does NOT mean you must use ALL OF IT. If you trade the same quantity using the same amount of capital and ignore the margin part, then you are using CFD not for its margin but to enjoy its other features, ie. low com and the ability to SHORT, which an online Cash Account cannot offer. Then when you gain more experience in trading, you can start to use some of the extra firepower offered by margin to capitalise on good opportunities to maximise your gains. What is needed is Trading Discipline. The selective and strategic use of margin as a sound tactical move in times of great opportunities, is something you can move on to when you have acquired enough trading experience and you know your stocks and the broader market well. Careful and decisive use of margin at the right time can propel you to greater heights and take you to a higher level of this game. As for scanning the market to look for trading opportunities, it is a mix of chart reading, price action observation and analysis and intuition. What I do is to study a stock to understand its pre-requisites before it makes a major move to the upside or downside. These pre-requisites are what I refer to as Set Ups. Know what the Set Ups for each stock is. And then go out there to look for them. Or to wait for them to appear. And when they do appear, to act on it and strike decisively. SingTel.... Closed at 3.70 on Friday. If you see 3.66/3.67....BUY some. If the price should rise after that, ADD more. She is paying 6.8 cts dividends. Hence, for her, Dividend Play is NOW SHOWING. Expect her to range between 3.66 to 3.74 for a while. After that, she will move to a higher level playing field and range trade at 3.74 to 3.80. And as her XD date draws nearer, we will see 3.84/3.85. All the best, bro!
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hosayleow Member	24-Nov-2013 18:08        hosayleow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro IgIg666, In the market, to make big money, you need to catch the big moves. These big moves dont come by all the time. But they do come. You just have to be patient to wait for them to show up. And when they do, to Ka Ka put your chips on the table. To make money, you need money. The working class ..... work for their money. The rich....make their money work for them. Which is why good companies with a prudent management team will keep cash....lots of it in their bank account even though interest rate is paltry. Why? Becoz if and when a window of opportunity opens up suddenly, the one who can seize that opportunity is the one who the money. For that reason, I am keeping the bulk of my bullets on standby in the Ammo Dump. I am waiting for those big moves to appear. Meantime, I keep myself entertained by doing small trades. I dont open a trade to make just 1 bid. I make as much as the market is willing to give. But if need be, I am faced with a situation where either I take that 1 bid or the market takes it back, then I will have no hesitation to grab that 1 bid and run. These small small trades which I do whenever opportunities present themselves... I call them Chicken Run. And when I have a successful run, I get to harvest eggs. One egg represents one dollar. Decimals are ignored. Last Friday, I did 2 Chicken Runs. SHORT CapMallsAsia at 2.04 on Thu and covered at 2.03 on Friday. Collected more than 400 eggs nett. Then on that same day, I LONG CapMallsAsia at 2.02 and unLONG at 2.03 and collected another more than 400 eggs. That was a good day. On better days, the harvest can be more than 1000 eggs. But on a not-so-good day, it can be just 20 to 50 eggs. But do NOT belittle small profits. They add up. And they do your morale a lot of good. If you make $50 today, this month's phone bill is taken care of. If you make another $50 tomorrow, that can pay for half a tank of petrol. Another $50 the next day means your lunch and dinner for the next 5 days is taken care of. I dont know about you guys but I do find this very therapeutic and encouraging. These small trades are to keep me entertained and on my toes. Whilst I patiently wait for the Set Ups for the big moves to appear. And when I see one, I will chio you. Hope you have your bullets available then to make the trade. I will just sound the GONG. The rest is up to you.  lglg666      ( Date: 24-Nov-2013 17:06) Posted: For the courses...it's my wife who insisted that I go. And yes...gone thru Txx, Chartxxxxx, Forex ones too and spent thousands & times and loss much more after that. Frankly I do enjoy attending just to watch gullible ppl...me and my wife included listening to mentors who can be my children talking about how much they earn trading...I always told my wife they made their money from greedy fools like us as trainers and maybe they are the very lucky traders during the good time who had the foresight to quit trading and become trainers....before they lose their pants. Only these past couple of years after I stopped chasing after rainbows....that I can be happy with my trading and found my freedom away from stocks and forex. To be happy with life doing just simple things...fishing, prawning, lim kopi, see movies, happy to wake up in the morning, hold my wife's hand and attend presentations/AGM/seminars together then have a good laugh afterwards. Yes....I'm one old bird. You are spot on regarding the training and courses....no need to go as most materials can be found on the net for free. All one has to do is to look for them and read then try out if it suits one's style. Of course, if got free good mentor to point out the right ways....things will be smoother eg like what you do to teach youngster to trade. Do more good deeds for good karma :) btw my coffin money is riding on Rowsley and it's warrants....with the rest on Wilmar, HyFlux and some leftovers in Viking, GRP and peanuts in Maxi-cash. For my own kids....the advice is "don't ever trade" & "easy early profit is not a blessing more like a curse/bad thing...made one super greedy and can cause huge headache/mess in one's future" hosayleow      ( Date: 24-Nov-2013 16:13) Posted: Thanks for sharing your trading/investment journey too. If you have gone thru Pan-El, Black Oct, etc...then you are a Lau Jiau and have been in the market longer than me. There are stuffs I can learn from you then.  Regarding those Professional Traders and Trainers, I have heard this being said at a forum before.... " Those who can trade, will trade. If they are already successful in their trading, they will stick to trading and do what they do best. And enjoy the fruits of their labour. The money they make from their trading is enough. But those who cannot trade, will train. Ask your Trainer... " Did you make your money from trading. Or from training?" ..... LOL Notice how these Trainers charge VERY high fees? Well, you can bluff people only once. You will have only 1 shot at it. So you might as well make the best of it and make a killing whilst at it. A forumner who paid thousands to attend a Trading Course walked away disappointed. When asked what he was taught at such a Trading Course, he said ..........................." Textbook stuffs" .   And a texbook wont cost thousands, right? Having said this, no offence to those of you who attended Trading Courses and felt that the fees you paid were worth it. To each his own. I have never attended a Trading Course. And last week, my secretary fixed an appointment for me to meet up with her 22-yr old son next Saturday to teach him how to trade. Waaa Piang !!!
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iluvboost Master	24-Nov-2013 17:55        iluvboost About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Hi Hosayliao, many times i tried to short, i also cant get scrips cos too high demand, and scrips already given to those with high priority or early birds. i.e, tried to short Ezion and Suntecreit during the correction.. I find IG interface similar to CMC markets, and KE CFD and DBSV Cfd are similar in terms of platform design (i believe they use the same supplier) What i like is the contingent orders that can stay in the system infinitely, with IFDONE, OCO scenarios..  For Singtel, agree 3.66-3.74 is a strong support entry price... however if it breaks must SL fast cos it will go to 3.6 - 3.57. Im waiting for Capland at 2.97-300 to enter.. u reckon CapitaMall at 1.95 is a good buy now?  Perhaps we can move to PM if u find that more convenient..cheers hosayleow      ( Date: 24-Nov-2013 17:32) Posted: A brother PM me to ask some questions. I thought my answer to him may be of interest to some of you. Here goes... " Hi bro, Answer to your Questions 1 and 2 - I use IG Market. When you sign up with them, their standard com rate is 0.1% of contract value with minimum com of $15.00. For me, I enjoy 0.09% com becoz one fine day, IG sent me an email to say they have identified me as a " high frequency trader" and they upgraded my account to a Premium Account and one of the benefits is that 0.09% com.  Regarding SHORTing, sometimes when I tried to key in a SHORT ORDER, my request was denied. When this happens, what I need to do is to call their Hotline to speak to a dealer to request him to borrow scrips for me. He will then ask around from his panel of brokers and call me back later. Sometimes they can borrow scrips. Sometimes not. And sometimes not at the quantity I wanted. I believe this same problem is encountered elsewhere. 2 weeks ago, I wanted to short OSIM at $2.33 x 100 lots. Unfortunately, IG could not borrow scrips. OSIM fell to 2.17. That could had been a profitable $16K trade!!!  As for your No. 3, you are right. Just becoz CFD gives you more firepower does NOT mean you must use ALL OF IT. If you trade the same quantity using the same amount of capital and ignore the margin part, then you are using CFD not for its margin but to enjoy its other features, ie. low com and the ability to SHORT, which an online Cash Account cannot offer. Then when you gain more experience in trading, you can start to use some of the extra firepower offered by margin to capitalise on good opportunities to maximise your gains. What is needed is Trading Discipline. The selective and strategic use of margin as a sound tactical move in times of great opportunities, is something you can move on to when you have acquired enough trading experience and you know your stocks and the broader market well. Careful and decisive use of margin at the right time can propel you to greater heights and take you to a higher level of this game. As for scanning the market to look for trading opportunities, it is a mix of chart reading, price action observation and analysis and intuition. What I do is to study a stock to understand its pre-requisites before it makes a major move to the upside or downside. These pre-requisites are what I refer to as Set Ups. Know what the Set Ups for each stock is. And then go out there to look for them. Or to wait for them to appear. And when they do appear, to act on it and strike decisively. SingTel.... Closed at 3.70 on Friday. If you see 3.66/3.67....BUY some. If the price should rise after that, ADD more. She is paying 6.8 cts dividends. Hence, for her, Dividend Play is NOW SHOWING. Expect her to range between 3.66 to 3.74 for a while. After that, she will move to a higher level playing field and range trade at 3.74 to 3.80. And as her XD date draws nearer, we will see 3.84/3.85. All the best, bro!
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hosayleow Member	24-Nov-2013 17:32        hosayleow About Contact  Quote this Post!
x 0   x 0  Alert Admin	A brother PM me to ask some questions. I thought my answer to him may be of interest to some of you. Here goes... " Hi bro, Answer to your Questions 1 and 2 - I use IG Market. When you sign up with them, their standard com rate is 0.1% of contract value with minimum com of $15.00. For me, I enjoy 0.09% com becoz one fine day, IG sent me an email to say they have identified me as a " high frequency trader" and they upgraded my account to a Premium Account and one of the benefits is that 0.09% com.  Regarding SHORTing, sometimes when I tried to key in a SHORT ORDER, my request was denied. When this happens, what I need to do is to call their Hotline to speak to a dealer to request him to borrow scrips for me. He will then ask around from his panel of brokers and call me back later. Sometimes they can borrow scrips. Sometimes not. And sometimes not at the quantity I wanted. I believe this same problem is encountered elsewhere. 2 weeks ago, I wanted to short OSIM at $2.33 x 100 lots. Unfortunately, IG could not borrow scrips. OSIM fell to 2.17. That could had been a profitable $16K trade!!!  As for your No. 3, you are right. Just becoz CFD gives you more firepower does NOT mean you must use ALL OF IT. If you trade the same quantity using the same amount of capital and ignore the margin part, then you are using CFD not for its margin but to enjoy its other features, ie. low com and the ability to SHORT, which an online Cash Account cannot offer. Then when you gain more experience in trading, you can start to use some of the extra firepower offered by margin to capitalise on good opportunities to maximise your gains. What is needed is Trading Discipline. The selective and strategic use of margin as a sound tactical move in times of great opportunities, is something you can move on to when you have acquired enough trading experience and you know your stocks and the broader market well. Careful and decisive use of margin at the right time can propel you to greater heights and take you to a higher level of this game. As for scanning the market to look for trading opportunities, it is a mix of chart reading, price action observation and analysis and intuition. What I do is to study a stock to understand its pre-requisites before it makes a major move to the upside or downside. These pre-requisites are what I refer to as Set Ups. Know what the Set Ups for each stock is. And then go out there to look for them. Or to wait for them to appear. And when they do appear, to act on it and strike decisively. SingTel.... Closed at 3.70 on Friday. If you see 3.66/3.67....BUY some. If the price should rise after that, ADD more. She is paying 6.8 cts dividends. Hence, for her, Dividend Play is NOW SHOWING. Expect her to range between 3.66 to 3.74 for a while. After that, she will move to a higher level playing field and range trade at 3.74 to 3.80. And as her XD date draws nearer, we will see 3.84/3.85. All the best, bro!
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lglg666 Veteran	24-Nov-2013 17:29        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	For those youngsters who have never trade forever....this old bird's advice is "don't ever start, why? heard of beginner's luck? it's more of a curse than blessing" i trust me and just stick to your day job....life is already stressful why add to it with pocket kosong esp after losing your pants. There is a saying among traders...the 10% winners feast on the 90% losers. Why try then?
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lglg666 Veteran	24-Nov-2013 17:06        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	For the courses...it's my wife who insisted that I go. And yes...gone thru Txx, Chartxxxxx, Forex ones too and spent thousands & times and loss much more after that. Frankly I do enjoy attending just to watch gullible ppl...me and my wife included listening to mentors who can be my children talking about how much they earn trading...I always told my wife they made their money from greedy fools like us as trainers and maybe they are the very lucky traders during the good time who had the foresight to quit trading and become trainers....before they lose their pants. Only these past couple of years after I stopped chasing after rainbows....that I can be happy with my trading and found my freedom away from stocks and forex. To be happy with life doing just simple things...fishing, prawning, lim kopi, see movies, happy to wake up in the morning, hold my wife's hand and attend presentations/AGM/seminars together then have a good laugh afterwards. Yes....I'm one old bird. You are spot on regarding the training and courses....no need to go as most materials can be found on the net for free. All one has to do is to look for them and read then try out if it suits one's style. Of course, if got free good mentor to point out the right ways....things will be smoother eg like what you do to teach youngster to trade. Do more good deeds for good karma :) btw my coffin money is riding on Rowsley and it's warrants....with the rest on Wilmar, HyFlux and some leftovers in Viking, GRP and peanuts in Maxi-cash. For my own kids....the advice is "don't ever trade" & "easy early profit is not a blessing more like a curse/bad thing...made one super greedy and can cause huge headache/mess in one's future" hosayleow      ( Date: 24-Nov-2013 16:13) Posted: Thanks for sharing your trading/investment journey too. If you have gone thru Pan-El, Black Oct, etc...then you are a Lau Jiau and have been in the market longer than me. There are stuffs I can learn from you then.  Regarding those Professional Traders and Trainers, I have heard this being said at a forum before.... " Those who can trade, will trade. If they are already successful in their trading, they will stick to trading and do what they do best. And enjoy the fruits of their labour. The money they make from their trading is enough. But those who cannot trade, will train. Ask your Trainer... " Did you make your money from trading. Or from training?" ..... LOL Notice how these Trainers charge VERY high fees? Well, you can bluff people only once. You will have only 1 shot at it. So you might as well make the best of it and make a killing whilst at it. A forumner who paid thousands to attend a Trading Course walked away disappointed. When asked what he was taught at such a Trading Course, he said ..........................." Textbook stuffs" .   And a texbook wont cost thousands, right? Having said this, no offence to those of you who attended Trading Courses and felt that the fees you paid were worth it. To each his own. I have never attended a Trading Course. And last week, my secretary fixed an appointment for me to meet up with her 22-yr old son next Saturday to teach him how to trade. Waaa Piang !!!   lglg666      ( Date: 24-Nov-2013 08:30) Posted: Good pointers....esp for those trade the pennies. Got to be nimble or the coconut will land on your heads. Myself I'm not nimble due to work commitments....so I stay away from pennies most of the time, but at the moment I do have a couple eg Rowsley and Viking. I bought Rowsley when PL talked about the Vantage and RSP thingy....and accumulated more along the way till it went ex. Viking only recently. Could have made a few rounds of profit from these two but not nimble lor. I don't normally trade often...only if got opportunity ( the fall of the 3 ) or during this year-end period ( Nov to Jan ) then I'm off the radar till opportunity calls. You are right about no cut loss for certain come-back stocks. I'm a CFD trader and I used it to trade during this present period but not for pennies which I hold for long term. Thanks for sharing your experience here and it's good for all learners....me included. Btw I've been thru all the major downs too. Pan-El, Black Oct, Asia's crisis, Dot com meltdown, SARS, Lehman/US housing meltdown. The worst was the last one....knocked me back to almost the stone-age time. Hopefully no wish to go thru any more of these and that is the main reason I don't trade often now. Oh...I'm attended many courses too, most will advise to stay vest most of the time....S1, S2, S3, K-line, macam-macam predictions theories lah ( only to lose more $$$$$$ lah ). I still go hear-see some of these presentations/seminars just to stay up to date with the happening whenever time allows. Frankly fun to see these guys/gals about my kids age trying to tell how good and successful they have achieved by trading stocks, forex, properties, gold and other investment.
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hosayleow Member	24-Nov-2013 16:16        hosayleow About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have been using IG since 2011 and I am not thinking of switching. You can sign up for a Demo Account first and test it out.   cccx123      ( Date: 24-Nov-2013 12:36) Posted: In this case, which cfd platform do you think is the best for a rookie like myself who has never touched or dabbled I'm CFDs before? I had a city index account which I never used and my minimum deposit in there is just rotting away. In your experience, which platform is the cheapest? I am mainly looking into index or blue chip trading. hosayleow      ( Date: 23-Nov-2013 17:51) Posted: To confirm that, you need another POEMs user to do so. I do not have the answer. But I will not consider using POEMs to trade becoz I believe their com is one of the most, if not the most cut-throat in town. As a trader, the ability to run with 1 to 4 bids is VERY VERY important. More so if you trade intraday and your counter doesnt give much spread. Let's take UOB as an example again. I can run with 4 bids. Say, you need 14 bids to run. If for one whole week UOB's daily spread is only 9 to 14 bids, if I am nimble, I can IN OUT IN OUT a couple of rounds. But you, you will be sulking and frowning and paying daily finance charges and feeling frustrated about being stuck. Trust me friend. Low com giving you the ability to run with much lower bids than other traders makes all the difference to your trading outcome.
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hosayleow Member	24-Nov-2013 16:13        hosayleow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for sharing your trading/investment journey too. If you have gone thru Pan-El, Black Oct, etc...then you are a Lau Jiau and have been in the market longer than me. There are stuffs I can learn from you then.  Regarding those Professional Traders and Trainers, I have heard this being said at a forum before.... " Those who can trade, will trade. If they are already successful in their trading, they will stick to trading and do what they do best. And enjoy the fruits of their labour. The money they make from their trading is enough. But those who cannot trade, will train. Ask your Trainer... " Did you make your money from trading. Or from training?" ..... LOL Notice how these Trainers charge VERY high fees? Well, you can bluff people only once. You will have only 1 shot at it. So you might as well make the best of it and make a killing whilst at it. A forumner who paid thousands to attend a Trading Course walked away disappointed. When asked what he was taught at such a Trading Course, he said ..........................." Textbook stuffs" .   And a texbook wont cost thousands, right? Having said this, no offence to those of you who attended Trading Courses and felt that the fees you paid were worth it. To each his own. I have never attended a Trading Course. And last week, my secretary fixed an appointment for me to meet up with her 22-yr old son next Saturday to teach him how to trade. Waaa Piang !!!   lglg666      ( Date: 24-Nov-2013 08:30) Posted: Good pointers....esp for those trade the pennies. Got to be nimble or the coconut will land on your heads. Myself I'm not nimble due to work commitments....so I stay away from pennies most of the time, but at the moment I do have a couple eg Rowsley and Viking. I bought Rowsley when PL talked about the Vantage and RSP thingy....and accumulated more along the way till it went ex. Viking only recently. Could have made a few rounds of profit from these two but not nimble lor. I don't normally trade often...only if got opportunity ( the fall of the 3 ) or during this year-end period ( Nov to Jan ) then I'm off the radar till opportunity calls. You are right about no cut loss for certain come-back stocks. I'm a CFD trader and I used it to trade during this present period but not for pennies which I hold for long term. Thanks for sharing your experience here and it's good for all learners....me included. Btw I've been thru all the major downs too. Pan-El, Black Oct, Asia's crisis, Dot com meltdown, SARS, Lehman/US housing meltdown. The worst was the last one....knocked me back to almost the stone-age time. Hopefully no wish to go thru any more of these and that is the main reason I don't trade often now. Oh...I'm attended many courses too, most will advise to stay vest most of the time....S1, S2, S3, K-line, macam-macam predictions theories lah ( only to lose more $$$$$$ lah ). I still go hear-see some of these presentations/seminars just to stay up to date with the happening whenever time allows. Frankly fun to see these guys/gals about my kids age trying to tell how good and successful they have achieved by trading stocks, forex, properties, gold and other investment. hosayleow      ( Date: 23-Nov-2013 18:08) Posted: Not expert lah. I am also always learning everyday. The learning journey never ends. And there is always something we can all learn from each other. Er... which index stocks did you trade? In my experience, most index stocks move. Whilst most pennys dont move. Only those pennys which have a Chng Kay in the driver's seat, will move. Those without a driver, are usually stuck in the car park. I can name many. But for you to name an index stock which does not move, is tough. They all move. Its only a matter of how fast they move. But pennys...those without a driver, they can remain in the same parking lot for a long time and simply corrode away.  If you are interested to trade index stocks again, I can offer you my recommendation of those which move: A. Above $10.00 Range: UOB, DBS, OCBC, SIA, CityDev and KepCorp. B. $3.00 to $10.00 Range: SembCorp, SembMarine, SGX, Starhub, SingTel, M1, SIA Engrg, SATS and ST Engrg The good thing about these index stocks are they are what I called " Never Fail To Come Back Stocks" . And this is very, very important. What it means is...you dont have to cut loss. And if your trading strategy is one where you dont have to cut loss, then you will have no loss. Afterall, when does a trader/investor incurs a loss? When he cut loss. Isn't it? So if your strategy allows you not to cut loss, it means you will have no losses. More of this in another post. It is tied with why I dont play pennys. Becoz if you play pennys, you CANNOT dont cut loss. You must cut. And that's where and why most penny traders lose money over the long term. They win peanuts. But lose coconuts. Net result is a negative Profit & Loss Account. I have been there myself too. LOL.
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