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How to switch career path to investment sector?
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chickenking
Member |
09-Sep-2007 15:06
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Hi everyone, I started this topic because I was quite lost at that time. Thanks for all your comments. I have come to a conclusion that I will continue as a engineer, and part-time trading stocks and FX. Use weekends to improve my knowledge. Very nice to have such a great forum, a great place to meet different people. I wonder anyone in this forum ever meet up for kopi, and talk cock.... If there is, please inform me. |
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singaporegal
Supreme |
06-Sep-2007 21:01
Yells: "Female TA nut" |
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hahaha... how did a discussion on career turn into one about shorting?? Hey nickng, one question - how much time do you spend looking at your computer screen when you put in a short trade? |
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Livermore
Master |
06-Sep-2007 19:10
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Just my point of view here. Whatever strategies you use be a bit flexible : 1. Long term investor need not be a "die die must hold". But catching the right moment to buy and holding for a longer period and selling when a major crash happens, he makes much more than someone who trades too much. Thus the TA part can help him in the selling part prior to a major crash. 2. When STI was near 3100, most likely there is no buy signal and charts are down. But those who bought back then need not worry even if a crash happens tomorrow. |
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Livermore
Master |
06-Sep-2007 18:38
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I should rephrase. Usually not many people make a lot from shorting |
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baseerahmed
Master |
06-Sep-2007 14:21
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nickyng : ) thanks for the clarification ... : ) yeah, better be master of one or two techniques than be jack of all trades ..and pay plenty of tuition fees ...hahaha ! |
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paperless
Senior |
06-Sep-2007 14:06
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"Long" it, if you are a Talent; "Short" it, if you are an Elite. |
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paperless
Senior |
06-Sep-2007 13:50
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Jesse Livermore He made $3 million in a single day, went bankrupt four times, and was blamed for the crash of 1929. Jesse Livermore tells how he did it. And while America sank into ten long years of the Great Depression, Livermore went short--and made $100 million. |
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nickyng
Supreme |
06-Sep-2007 13:43
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baseer, haha...aya those indicators if they are of use to u then u use...if not y bother?becos u have it..everyone has it too! no diff leh...based on gut feel is something others dont hv and of course..some "situational" awareness instinct lah..anyway not all the time make $$...loose $$ too! recent COSCO is my painful experience ..but hey!! move on lah! hee..luck din short DBS today..since Berkene say subprime woes ltd impact..haha i guess he is prepared to cut rate when the situation warrant it..infact should see some recovery as US Fed Reserve is ready to "protect"...hee switching to contra lately liao..hee...gd luck! and yes..be flexible..i dont always SHORT wan hor! hee.. :) |
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Manikamaniko.
Master |
06-Sep-2007 13:17
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If one has sold Hotel Props (HPL) |
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idesa168
Elite |
06-Sep-2007 12:49
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SHORTING is a shortcut to bankruptcy. TIme frame is just 8 hrs, 4 in the morning and 4 in the afternoon. The odds are against you, with MAS selling one notch above trading price and will buy back one notch below the trading price. So sell now and buy later we actually lost 2 notches, on top of that, the broker's commission.....sigh, don't short lah! If you play contra, at least there is T+3. |
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Livermore
Master |
06-Sep-2007 12:34
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You don't make much from shorting. |
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DnApeh
Master |
05-Sep-2007 23:28
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I was looking for career oportunities, but end up in shortist forum!!! But, from own experience, shorting very, very stressful because got time limit. Want to go and pee also must hurry, scared that price suddenly shoot up. After that, I respect those people who make money shorting. How they do it? Use potty, lah!!! |
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tanglinboy
Elite |
05-Sep-2007 21:49
Yells: "hello!" |
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I bet nickyng is going to short tommorow! Dow is now down.... STI sure down tommorow. |
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baseerahmed
Master |
05-Sep-2007 18:58
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nickng : btw .. i remember u mention something about delta formation sometime back ....what is that ? : ) |
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baseerahmed
Master |
05-Sep-2007 18:54
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nickng : ) huh?? just like that tikam tikam ? : ) I was under the impression that u might have method to ur "madness" .. ie shorting ...hahaha ! I was thinking that u might be following some indicators ,eg overbought etc of some bluechips/popular counters and when there is bad news, together with the overbought condition , embark on the shorting .. anticipating the panic and fear factor to help u sail away with the wind ..and the money ....hahaha ! well, whatever ... black cat or white cat , as long as it catches the rat , it is a good cat ...hahaha ! wish u all the best ! |
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nickyng
Supreme |
05-Sep-2007 15:55
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well..i shorted COSCO previous and lost BIG time..1k+ biggest loss for SHORTING siah ! well..no trick for shorting..purely based on that particular stock sentiment(like DBS subprime woes,indoensia saga..etc) so any surge is an opportunity for SHORT ! hee..of cos SHORT with eyes open...not like when US Fed Reserve declare rate cut and this burger surge u go and SHORT..asking for trouble right?? hee..the rest pure gut feel.. |
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Pinnacle
Master |
05-Sep-2007 15:35
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Let me guess... By volume and the opening pricing, right? DBS has relatively high volume today and hit the peak of $20.50 early in the morning. 
Please teach us some of your tricks. I had tried shorting a few time, but always at a loss. |
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scotty
Senior |
05-Sep-2007 15:10
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Nickyng... how do you select which counter to short? Is it by guessing?? |
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nickyng
Supreme |
05-Sep-2007 14:07
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ya well..speaking of which SHORTED DBS at 20.40 today...yet to cover..better wish me luck ! :P |
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singaporegal
Supreme |
05-Sep-2007 09:42
Yells: "Female TA nut" |
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Trading full time is really stressful. This means your only stream of income is at the mercy of the stock market. I am a great believer of the concept of multiple streams of income. |
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