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things every retail investor/trader should know
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Livermore
Master |
04-Oct-2008 21:12
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Many like Elf and the rest have done well using TA. I admit I used to think it was all "mambo jumbo". But really it is not as past charts prove time and time again on a higher probability basis. I feel it is better to start off investing learning to read chart, draw trend and resistance lines etc. You can have the best FA but can still lose money as without chart, it is like buying "in the dark". You know TA and don't know anything about FA but you can still do well. | ||||
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baseerahmed
Master |
04-Oct-2008 20:33
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Elfinchilde , All the Best ! ---------------------- ( ... feels this is a bit all of a sudden ... a bit sad that we won't get to read lively posts from elfinchilde ) |
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Juzztrade
Veteran |
04-Oct-2008 20:27
Yells: "Techincal and long term investor" |
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Almost forgot to mention the good posts by elfinchilde and singaporegal as well. Their posts are always worth reading and it provides good information in daily market movement. Best Regards
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iPunter
Supreme |
04-Oct-2008 19:47
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With a proper system in place, one will never need to monitor forex prices much. |
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stupidfool
Senior |
04-Oct-2008 19:46
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Good luck elffinchilde in ur endeavours. Just my opinion.There are lots of different betw ur postings and cashiertan(no offence to cashiertan). Yours is more open to discussion whereas cashiertan is like think he is successful in his method of trading and thus ppl shd adopt his way. Hope all of u are doing well in watever u do. Remember.....life is a marathon race not a 100 mtrs dash. So u may be successful at age 29 bt it is a marathon race......cheers |
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SupremeA
Veteran |
04-Oct-2008 18:30
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Hmm pity.But good luck elfie! hope u get rich! |
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elfinchilde
Elite |
04-Oct-2008 15:55
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final request from a forumer via PM: capland: supports at 3 now (its psych support), then 270-280, which is technically weak but fundamentally strong; a stronger tech support is 200-220s. kepcorp: ah. i remember back in jan/feb when i had told an ex-colleague to sell it off at 11. Downtrend not ended. broke critical support with friday's fall. Next supports at 650-680 and then at 525-560. of the two, capland is stronger fundamentally. -------- yea juzztrade, cashiertan chose the right route. that's why i'm going to limit my time here too. doesn't make sense; i'm giving up thousands each week just to post here. and that's just the cost from rapids on stocks alone. it ain't even like i'm getting paid to be here. if ppl are learning, well and good. what's worse is when you have those who throw insults and cast aspersions your way. or those who only want tips but are too lazy to learn how to invest properly. Penny-wise, pound-foolish. ppl who only breed negative emotions in you. Bad for a trader. As cashiertan had wisely concluded, don't waste time on forums. will still be keeping my blog tho. It serves as a trading journal for me. anyhow, for the interested: http://elfinchilde.blogspot.com/2008/10/learning-to-fish.html cheers, folks. elfie's off to make some serious money. |
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Juzztrade
Veteran |
04-Oct-2008 15:30
Yells: "Techincal and long term investor" |
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Cashiertan has chose the right route to focus on his trading and not waste time on SJ Forum. When he was regular on the forum, he has contributed many good tips on investment. Anyway, he has made meet his objective setting at age 29. All the best in his future endeavour. |
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elfinchilde
Elite |
04-Oct-2008 14:42
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thanks trader88. good post. :) what i was fearing came to pass though. was right in my blog about a change in market sentiment. sian. cos if bailout had been passed the first time around, STI would have bottomed. but now that they didn't--second time is no good, because they've wrecked investors' confidence already--the macro sentiment has changed. 1,800 becomes a distinct possibility, thanks to american stupidity. three things to note: 1) Watch price-volume action. it will tell you when bottoming is. 2) Expect to see differentiation between counters now. as per my blog post yesterday. 3) Rapid scalpers will have plenty of chances to make pocket money. o/w, i'm off SJ for a while. cashiertan took the smart route. i need to focus on trading and not just helping people at my own expense. haha. cheers! |
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trader88.sg
Veteran |
04-Oct-2008 08:33
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To go long is to buy? To go short is to sell? |
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SmartBear
Member |
03-Oct-2008 05:27
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http://www.charlierose.com/guests/warren-buffett sharing is caring =) |
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elfinchilde
Elite |
02-Oct-2008 23:05
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yeppers livermore. thanks for sharing too. quite cool having discussions with you, since at times, your viewpoints differ from mine (and you're always backed up with facts), which sends me sometimes to verify my analysis/news again. lol. so it's a good check-countercheck procedure, even if the conclusions in the end differ. in case n00bs are confused: yes, it is possible that either of us are right/wrong, or that both are right, too: because it also depends on your own money mgmt rules, asset allocation, timeframe, and strategy. Mine and his differ (as accord to our indi styles); and i wouldn't say one is better than the other; it basically all depends on what we're each comfortable with. quantico, thanks for the tips! yea. especially with no 2 and no 3. Don't try to catch a falling knife. For me, i never like to predict bottoms: support lines are basically places where start to sit up (not necessarily take positions). for actual buy/sell, i let the price-volume action say where the real bottom is first. forex running now. cheers! |
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Quantico
Member |
02-Oct-2008 18:02
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Thought this is interesting to share. three Buffett-style tips 1. "Cash combined with courage in a crisis is priceless" 2. "Dont invest in things you don't understand" 3. "Don't try to catch a falling knife until you have a handle on the risk" |
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Livermore
Master |
02-Oct-2008 17:53
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Cheers Elf! I actually told my friends to keep a lookout for your articles and blog. One of my ex-colleague is already reading carefully what you write here in sharejunction and quite impressed:). I think I have to say thanks a lot for sharing. It is a learning process for me too. I like different views and makes me think.
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hondastream
Member |
02-Oct-2008 15:32
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yo,,
U.S. Senate passes bailout; House vote nextThe U.S. Senate, with presidential nominees Barack Obama and John McCain voting in favor, passed a sweeping and controversial financial bailout bill. Although the highlight was the Bush administration's plan to buy troubled assets from financial institutions, the bill included new provisions for Main Street intended to win support from the House, CNNMoney.com
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elfinchilde
Elite |
02-Oct-2008 13:59
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http://www.nytimes.com/2008/10/01/business/economy/01leonhardt.html?_r=1&hp&oref=slogin excellent article and clear explanation of the credit crisis. |
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elfinchilde
Elite |
02-Oct-2008 13:28
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btw livermore, i should add here that i've always respected you as a fellow forumer. cos even if we have differences of view, you're one of the few who'd put a case based on facts, and you're meticulous and rational enough. all qualities necessary to be a good investor/trader. so hats off to ya. :)
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elfinchilde
Elite |
02-Oct-2008 11:55
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http://elfinchilde.blogspot.com/2008/10/forward-look.html here. on request from some of you. profit made for the day. sleepy. PMs, pls wait. i need to get back to bed. |
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jackjames
Elite |
01-Oct-2008 21:55
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LOL.. that's a good one.
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Livermore
Master |
01-Oct-2008 20:40
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Look out for this Saturday's documentary - The Crash of 1929. The man who profitted was the world's greatest stock trader at that time. His name was Jesse Livermore....... | ||||
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