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Greed can lead to downfall
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Livermore
Master |
02-Apr-2007 22:09
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Hi Singaporegal, I really do not know. Look at a stock like Raffles Education. It is not collapsing although its P/E is so high. But I might try to sell part of my stock at near its all time high if I see a major correction and buy back. But very minimal buy sell buy sell for me. After analysing for some time, I find my rewards with minimal buy sell buy sell is much better. Why not try to hold at least one stock for long term after you buy it at the right time? You don't lose out as you still do your TA with other stocks. |
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singaporegal
Supreme |
02-Apr-2007 21:39
Yells: "Female TA nut" |
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Hi Livermore, IC. Looks like you are very much into FA. Does this mean that you will sell if you hear negative FA news about the company? If so, how bad must it be to induce you to sell off? |
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iPunter
Supreme |
02-Apr-2007 21:38
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Livermore... |
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Livermore
Master |
02-Apr-2007 21:34
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Hi Singaporegal, Hey no problem. I am not sure when I am going to sell my stocks now. I shall monitor the company's performance and its plans for the future. I also read carefully what is happening in business news and around the world. |
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singaporegal
Supreme |
02-Apr-2007 21:23
Yells: "Female TA nut" |
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Hi Livermore, Thanks for sharing. Can I ask how long is your buy-sell cycle? |
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Robert
Member |
01-Apr-2007 21:58
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This feng shui master thing u listen to me one 
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iPunter
Supreme |
01-Apr-2007 21:43
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Ultrameg... thanks for the tip... :) |
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ultrameg
Senior |
01-Apr-2007 21:37
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ipunter, place the pi xiu side by side, facing towards the window or main door. |
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iPunter
Supreme |
01-Apr-2007 21:31
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Livermore... I agree with you that long-term investing does bring much profit when the stocks go up. But traders tend to be convinced that being a long-term investor is one of the most dangerous things to do, due mainly to market uncertainties. Of course it is easy to say one should have stayed in a particular stock after the stock has risen. |
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iPunter
Supreme |
01-Apr-2007 21:26
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The concept of "avaraging up" was beautifully demonstrated by dancer Nicola Darvas some years (decades) back. He was right smack in the midst of a bull-run when he kept buying up as his stocks rose. He made $millions in the process using his unique "box system". |
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Livermore
Master |
01-Apr-2007 21:11
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Hi Singaporegal, I don't have much fear if I average up as the share price goes up because my positions are "covered". Of course I do not average up like 10, 15, 15 and then suddenly 50 lots. If I put in 50 lots, then maybe it is greed. Even if the share price comes down during averaging up, there will come a point when I might sell off a part of the earlier lots to "cover" my positions should the price starts to continue to move downwards. I don't like buying more lots when the share price come down. So my averaging as the share price comes down is very minimal in staggered 5 lots. There is fear if I buy more lots as the share price comes down and if I am wrong, my loss is great. So as the share price goes up, my confidence to buy increases and not when the share price comes down. I am currently accumulating a share. I bought at 72c, 66c and 59c. My first buy was at 72c and due to the market crash it is now at 64c. I am thinking I might not buy any more until it clears above 70c. When that happens, I have not much fear as my buys at 66c and 59c are all "covered". My idea is same as yours in wanting a confirmation of a uptrend. One difference is I already start to accumulate at consolidation phase but with TA your initial buy will be later. I know you are a TA person. TA is a useful skill to have. If I remember correctly Wing Tai was one of your buys a few months back at around $2.20? I am not sure if you still have Wing Tai but you can see it is now $3.18. It might be a good idea to have at least some stocks you keep for long term without too much trading. The rewards are much better. |
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iPunter
Supreme |
01-Apr-2007 20:27
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taybc1071... I was given to understand by a paid Fengshui master that two Pi Xiu Lions are required. And these are placed as "accumulator" and "receiver", one behind the other. I understand also that placement in the right sector and according to the current heavenly constellations is important. |
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taybc1071
Senior |
01-Apr-2007 20:05
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ipunter, understand that this pi xiu help the owner accumulate "wealth". This fengshui lion is good in receiving wealth without letting out as they are said to have without "backside". The correct position is to place it facing your main door or windown to enable them to receive wealth for you. One pi xiu is sufficient. Cheer! |
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iPunter
Supreme |
01-Apr-2007 19:46
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Singaporegal... |
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singaporegal
Supreme |
01-Apr-2007 19:35
Yells: "Female TA nut" |
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Hi Livermore, I've been meaning to ask you this question. Here goes - I understand you do averaging. How do you control your emotions (greed and fear) when you do averaging? You'll need to control the urge to jump in when price fluctuates right? Emotions are easier to control for me because I buy and sell in discrete quantities. |
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iPunter
Supreme |
31-Mar-2007 18:09
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Ultrameg... I heard a pair of "Pi Xiu" (Chinese Fengshui lions) must be placed so that the 'wealth-receiving' animal must be just standing behind the back of the 'wealth-gathering' one. In this way, "Fatt" or wealth can be expected... Is this placement correct? |
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iPunter
Supreme |
31-Mar-2007 18:02
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Ten4one... Wow! Thats's another "whopper" of a great post from you again! Superbly said.... And practical, too!... :) |
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scotty
Senior |
31-Mar-2007 15:32
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Agree with ten4one! The market place isn't a living thing that plots against you. |
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ten4one
Master |
31-Mar-2007 14:45
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Personally I feel one should not take revenge on the Market 'cos your loss is all due to your own actions of buying and selling. The Market is just there for you to trade. Learn to accept your losses and move on; and be ready to fight a new battle again and again and again. If you could surive many battles, I'm sure you will one day win the war and that's most important. Cheers! |
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iPunter
Supreme |
31-Mar-2007 09:51
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Livermore... Taking revenge on the market is rather a common practice... Like in a casino... When one has lost, one always desire to win back what is lost by doubling up... |
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