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shplayer
Elite |
14-Dec-2006 17:20
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Last minute trading shoot up to +32pts. Looks like a reversal of last Fri close where last minute plunge -36 pts. Some funds trying to push STI convincingly above 2900. |
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pikachu
Veteran |
14-Dec-2006 17:10
Yells: "Holy Cow!" |
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All penny stocks cheonging lah.... thats why boring... |
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iPunter
Supreme |
14-Dec-2006 16:51
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where's all the "cheonging" stuff?... it's getting a bit boring to be waiting for nothing to happen... think I'll just pop over to Miss Izzy's (SPG) Blog |
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cashiertan
Elite |
14-Dec-2006 15:42
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yah. 8% correction is pretty good. guess it is profit taking. well india and china has potential for future growth. can hold for long term, i am still holding my china UTs, coz i believe china will boom for the next few yeras.. |
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maxsyn
Veteran |
14-Dec-2006 15:35
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also thanks to the india market stablished after 8% fall. |
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cashiertan
Elite |
14-Dec-2006 15:34
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well, glad for u that india sensex raises.... |
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shplayer
Elite |
14-Dec-2006 14:33
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Today all Asia Pac market are up...except KLSE. |
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jackjames
Elite |
14-Dec-2006 14:28
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cashiertan, stock is like sex? LOL.. India sensex rise 200 points yeterday, and now another 400 points... haha.. what correction is that man... |
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cashiertan
Elite |
14-Dec-2006 12:51
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current peak of the channel is 2915-2920... |
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nextdoor
Senior |
14-Dec-2006 12:08
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Hi shplayer, It was sent to me by a good friends some times ago and i will occasionally read them to refresh my old memories! ;-p |
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shplayer
Elite |
14-Dec-2006 11:57
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nextdoor, Article from the book 'Trend Following' by Michael Covell? I've read it.....very good book. Member should read it if they can. Borders selling @ $45.00....but also available at the Libraries.....FOC :-) |
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nextdoor
Senior |
14-Dec-2006 11:37
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Fully agree ipunter! There are so many strategies to make or lost money in any market. Just find the one that suit you best in making monies and not losing it, is the most important! I have two runners that i have lett it run for more than two years now and the return are huge, really. I will continue to let it run even if thr's a major correction now. I believe the performance (trend) in Singapore to do well for at least the next 3 years. Have a profitable day! :-)) |
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iPunter
Supreme |
14-Dec-2006 11:16
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My sifu's :) trend-following strategy is practicable anywhere, in any market... But if a nimble and experienced trader can take advantage of all those spurts and dips, getting out and getting in, he will also be able to maximize his profits many times more... provided he is very experienced and a market wizard too... :) |
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solomonster
Senior |
14-Dec-2006 10:54
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good post nextdoor! but i doubt we can do in SGX. |
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singaporegal
Supreme |
14-Dec-2006 10:37
Yells: "Female TA nut" |
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STI will probably remain flat till January |
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geojam
Member |
14-Dec-2006 09:23
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Good post. |
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nextdoor
Senior |
14-Dec-2006 09:17
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Let Your Profits Run: A Trick of Trend FollowingYou can't make money if you are not willing to lose. It's like breathing in, but not being willing to breathe out. Trend Followers know the trick of letting their profits run is key to trading. Once you learn that to maximize your profits you must be willing to give up some part of your accumulated profits, you are on your way to sustained success. For example, let's say you start with $50,000. The market takes off and your account swells to $80,000. Many people might quickly pull their $30,000 profit off the table. They feel that if they don't take those profits immediately, they will disappear. Refusing to give up a part of that accumulated income due to fear is their big mistake. Trend Followers understand the nature of the market. They realize that a $50,000 account may go to $80,000, back to $55,000, back up to $90,000, and from there, perhaps, all the way up to $200,000. See the mistake of quickly taking a profit just because you might not like volatility? Those people who took profits at $80,000 were not around to take the ride up to a $200,000 account. Pretend you are one of those people with the $30,000 gain in your account. Instead of simply protecting your entire $30,000 profit, why not be more aggressive with it? Do you think Bill Dunn, Ed Seykota and John Henry have been successful by taking profits? Or have they compounded their profits? Letting profits run is tough psychologically. It's counter-intuitive for most people. It feels risky. But, once you understand that in trying to protect every penny of your profit, you actually prevent yourself from making a bigger profit, you have learned an important reason why Trend Followers are so successful. :-)) |
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iPunter
Supreme |
13-Dec-2006 22:59
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like when I am convinced my counter is on a downtrend, I'll run for my life first. |
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iPunter
Supreme |
13-Dec-2006 22:57
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when things don't seem right what profit is there to run? |
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nextdoor
Senior |
13-Dec-2006 22:51
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Always lock in some profits at the right time and never forget to let some of your profitable runners to run for as long as you can afford to. Fix deposit mah! Cheers! :-p |
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