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Lost $8000 this month !
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cashiertan
Elite |
18-Dec-2007 11:38
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just joking abt the $10. genie is good but i still think 1)Trade Secrets Video System is better |
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Manikamaniko.
Master |
18-Dec-2007 11:28
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Apart from the "Genie Tutorials", one other book which serious traders must read is this book:- "Way Of The Turtle" by Curtis M. Faith.This is a "must-have" treasured classic for any serious trader's library... 
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Manikamaniko.
Master |
18-Dec-2007 11:12
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To really appreciate the underlying value of the "Genie Tutorials", (click to see) one must objectively scrutinise the tutorials from beginning to end and pause to ponder the depth of the not-too-obvious wisdom imparted therein. Thus, to hastily skim through the tutorials is not advised (in which case, one misses the real message). If one gets the tutorials, one must, from the beginning, commit to dedicate one's own time and effort to take in the teachings which have been so lovingly created as a true value contribution... 
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cashiertan
Elite |
18-Dec-2007 11:09
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also we must admit that not everyone can be a trader, some of us are not born to be a trader. next u must have a strategy and system which suit ur character else u will find it hard to keep to the rules of the system and strategy next we must KISS keep it simple stupid. man tends to be able to stick to precise , short and simple systems better than complex one. thus i like short and simple strategy and systems becoz u can trade better. that is precisely why i know genie wont work coz it is too vague and too much to read, ppl wont be able to keep to what genie tells u. i always believe u dun need the whole car to be able to drive one. also it is better to be master of one 1st, before mastering other stuff rather than be jack of all trade. if not for the 1st 3 chapters, i will think genie is a waste of my $10! of coz i must admit that one man's meat maybe anothers' poison, however those who are pragmatist will suit my recommended systems better coz i am a pragmatist. theorist plz get genie as it will suit u better. |
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cashiertan
Elite |
18-Dec-2007 10:57
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remisier, 300 pips per month or 300 pips per month per lot? 300 pips per month is miserable but 300 pips per lot per mth is abt average. i thought u trade stocks de? see ur postings, it seem u trade alot of stocks leh why switch to forex? for me i started from forex, tried stocks and find it not really my cup of tea. all, there is many system to trade, some stressful, some not, but even if stressful, if it is profitable than it is ok. there is no free lunch in this world except if u born in silver spoon. my style of trading is not that stressful, as in u plan i adv what to expect to happen and wait for signals to confirm ur enter and exit. while waiting for signals, u can do what ever u want as long u can be there when the signal happens. usually, an entry will end afer a day or 2. with proper s/l set, u can sleep with ease. |
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cashiertan
Elite |
18-Dec-2007 10:46
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Personally i still think genie is not worth the money. dun believe? i would like to ask those who have genie to comapare stockcharts.com to genie and tell me overall which one is better.. thus I recommend these: Stocks 1)Trade Secrets Video System Can trade stocks forex options and commodities futures! Forex 1) Expert Forex System 2)Forex Profit System 3)The Blade Forex Strategies 4)Forex Profits Book & Video Program 5)Dynamite Tnt Forex System (This one earn my fren the least commission but i prefer this one and i am training on this one now) 6)Earn Up To $200 Per Sale - Forex Trend System mani, if u want u can change the link to ur acct. i am not against u making $ from recommending genie but really genie is not that good as u think |
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Manikamaniko.
Master |
18-Dec-2007 10:33
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Livermore... :) hahaha... if you don't want to be my 'sifu', I won't force you ... but I will continue to respect you... Like you, I am more of a position trader, except that I maybe liquidate my holdings much more often than you do. Anyway, I must add that although the "Genie Tutorials" are more about good trading practice, they do provide much priceless insights for longer term investors too... in the form of cautions about the true nature of the stock market, etc.. |
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Livermore
Master |
18-Dec-2007 10:27
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Also, do what you are best at and comfortable with be it forex, stocks etc. |
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Livermore
Master |
18-Dec-2007 10:23
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Hi Mani, Thanks but I am really no sifu:). I feel it is importnat to be open about anything until you have experimented and proven otherwise. It is also always important to learn from your mistakes. You just need to spend a few minutes asking yourself "what went wrong", then determine what you shall look out for in the future. Keep cool and be patient. Again I learnt one mistake I made not long ago. |
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Manikamaniko.
Master |
18-Dec-2007 10:06
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Forex is not for me due to the far too hectic pace... I prefer position trading of stocks bought cheaply...
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remisier
Member |
18-Dec-2007 09:54
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Hi Cashiertan, I'm focusing on forex now with my goal of making 300 pips/month. Is this too small or too large goal based on your experience? |
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Manikamaniko.
Master |
18-Dec-2007 09:54
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Livermore... :) Thanks for being open about "The Genie" too... Only eternal verities can stand the test of time ... By the way, may I have the pleasure to 'adopt' you as one of my "sifu's" too...
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remisier
Member |
18-Dec-2007 09:51
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Livermore, I'm not a forex expert but I do sometimes trade forex. As I have TA background I feel, forex is a lot easier than stock (amazing isn't it?). In forex we can focus only on trend and news announcement. That's it. Of course if you want to understand the big picture by understanding the country's inflation, interest rates, etc, that will give a little edge for longterm direction. However on shortterm one can make $ purely from TA. As for stock we have too many parameters to care of such as: General market sentiment (own market), overseas market sentiment, sector sentiment, industry sentiment, individual company's fundamental and finally the relative strength of the individual company. too many to care of in stocks which makes earning in stock rather difficult. And then there is this kind of buy first pay later which induced anybody without money to speculate. Many with gambler mind are trapped and can't pay off the money. As for forex, pay first and play later is safer. You can only lose what you have in forex. |
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Livermore
Master |
18-Dec-2007 09:41
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Hi Cashiertan, You could be right as you clearly have more experience in forex. I am open about anything and even with "genie in the bottle":). It was just a word of caution from what happened to my colleague and I agree it is not quite right for me to be too judgemental if I don't know in depth about the issue. |
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jasonfaxingliu
Senior |
18-Dec-2007 08:31
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Hi Cash, Ok, will contact you to see how it goes. I am and should be a better person now having the experience of "dance with the wolf" (stock market) and believe FX market is even more stressful where I've a friend who was in FX market but can't take the stress for 2 months. If not for greed, I wouldn't have end up this way... but no ventual no game so the choice is to have a stable happy living of to spin in the high money game that may spin you up or down in a drastic way. Happy holiday. |
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ngkiansiang
Member |
18-Dec-2007 00:53
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Hi cashiertan; Included me inyour trial as well. Thanks |
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remisier
Member |
18-Dec-2007 00:17
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cashiertan, woww. such a great offer :) I think, you can include me also in your trial, haha.. |
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cashiertan
Elite |
17-Dec-2007 21:52
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Suddenly i got a thought of something interesting, i like to do something which no one in this forum has done so far. I would like to assist jasonfong to make back the sgd150k he lost and more in 1 year or less (exclude coaching and paper trade periods) with capital of just usd1500? so jasonfong, if u are keen and could spare me 3 saturdays this month, i can show u the way to recover ur pride and more. i will show u how my friends and coursemates earn their $. how i made my $. how a intermediate trader can make $. i dun need u to spend money on monthly data feed, expensive charting s/w as these are free from the forex brokers. i just need u to trade just 4 hours every week day, no need u to monitor the screen for all of these 4 hours coz ur comp will beep when there is entry or exit signal. if u are keen, u can email me at cashiertan @ yahoo . com . sg (offer valid till this friday morning only) |
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cashiertan
Elite |
17-Dec-2007 20:59
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as i mentioned before, there is more ppl died in the hands of stocks than forex, why? becoz forex u can never contra, also the brokers will only allow u to trade what u have in your account balance, never on credit or contra, in face if the position turns against u, the positions will be closed even before it can even go into red, thus it is very hard for u to lose more than what u cant afford to. once upon a time, many ppl traded this ex market darling and died becoz of it. This two darlings is CAO & ACCS. their shares almost become worthless in just one day becoz of mismanagement by 1 or 2 ppl. however, u will never see currencies become worthless in one day becoz of mismanagement of 1 or 2 ppl, even in times where US currncies are whacked, u will not see panic selling of usd, in fact if u see the currency of USD for the past 30 years. the decline are orderly and in steps whenever anything bad happen. Be it recession or crisis, forex is never affected and remains tradeable, both long and short. |
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tiandi
Senior |
17-Dec-2007 20:51
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that man : in 1995, his account number 88888, for those who might not have heard or read about: The trader, Nick Leeson, was employed by Barings to profit from low risk arbitrage opportunities between derivatives contracts on the Singapore Mercantile Exchange and Japan?s Osaka Exchange. A scandal ensued when Leeson left a $1.4 billion hole in Barings? balance sheet due to his unauthorized derivatives speculation, causing the 233-year-old bank?s demise. |
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