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A World Without Buffett
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baseerahmed
Master |
25-Aug-2007 21:07
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TheWizard : thanks for sharing ...yeah let's learn together ... : ) |
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TheWizard
Member |
25-Aug-2007 02:15
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Hi, Let's learn together cause I'm quite new too. I'm mainly TA so I just look at the price charts and determine whether I would buy the stock. That time I noticed that the top volume was always consisting of penny stocks and then I looked at several penny stocks and decided to trade them since they were trading in a range. Either breakout on the bullish or bearish but since the price of the stock is already so low, the probabilities of it going up is higher. That's all. Cheers |
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baseerahmed
Master |
24-Aug-2007 23:22
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Hi TheWizard , ...care to share with us your basis for the selection of the mentioned shares.... your thought process ? .... would be a useful lesson for beginners and newbies ... |
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TheWizard
Member |
24-Aug-2007 22:09
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Hi, Yes I only trade with real money. I remember the first stock that I bought was Digiland. It was surprising a multi-bagger, but I guessed that time I was only lucky cause alot of people went to trade on penny stocks. The same thing happened with Banjoo and Rowsley and of course the sudden downtrend had caused me some losses but I managed to sold it off. Now I'm on the sidelines as the market is too unstable and I don't want to risk my capital. If you guys do surf the CNA forum, rallyartist's thread and blog are worth reading. From there, you can see the greed accumulates. I'm not in a position to comment on anybody but from him, I learnt that you don't have to trade everyday and with so many counters. I'm open to any advices, remarks :) cheers |
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stupidfool
Senior |
24-Aug-2007 20:59
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Thewizard U have not explain the leverage bit? |
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baseerahmed
Master |
24-Aug-2007 19:20
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TheWizard : Looks like u know what u want . Wish you all the best . 
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singaporegal
Supreme |
24-Aug-2007 19:02
Yells: "Female TA nut" |
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Hi TheWizard, It's good to start early in the game of investing and I believe you do know what you're talking about despite having just 6 months of experience. Were you doing paper trading or with real money? I have been actively trading for years now and although I use rules and stops, it is always difficult to follow the rules sometimes because emotions come into play. There are times when I have a losing streak despite even following rules. You have to be able to absorb the losses and move on. I think that trading full time is a big commitment and something not to be taken lightly. |
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TheWizard
Member |
24-Aug-2007 18:18
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Hi all, I've been trading for almost half a yr now, since I'm studyin in SMU. I take this opportunity to study on the stock market. My trading rules are very simple.
Of course many people will say that with only half a yr of experience, I'll definitely lose money or other negative remarks. Not if I abide my stop loss rule. I don't think I can lose much and I'm not looking forward to big gains. My target is reasonable for my capital and it is easily achievable. well frankly speaking, the amount of time u spent playing stocks is not important. Just as long as you can grasp the important points, what people need years to learn, you just need months only. Cheers |
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sohguanh
Veteran |
24-Aug-2007 09:55
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recently i juz discover for remisier sometimes they may be able to use client 1 contract payment to help pay client 2 contract payment to buy some time. why i know? i sometimes pay at T + 1 EPS but my contract is not processed until after T + 3. so i was tinkin the remisier attending to my account may in the meantime play ard with those sent in early monies to tiap others who is defaulting on payment. since there is no benefit in paying at T + 1 early you still get your purchase processed at T + 3, i have now resorted to pay at T + 3 despite i already have the monies by T + 1. i dun like my early payment monies to be used by remisier to play for a few days. too bad for him :) |
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baseerahmed
Master |
24-Aug-2007 00:21
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yeah , I am curious too..... I am also puzzled ... leverage ?? .... isn't that a very dangerous tool to play with ... ??? would love to hear ur strategy .... I'm sure you have done all the homework before declaring something like this .... |
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cyjjerry85
Elite |
23-Aug-2007 23:58
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just out of curiosity, how long have you been trading TheWizard? |
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TheWizard
Member |
23-Aug-2007 23:57
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Hi all, I'm going to be a full-time trader soon. Leverage is the key I think. That's one thing I learnt from all the gurus. cheers |
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ten4one
Master |
22-Aug-2007 07:08
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Money Lifts Money........that's how the world goes round and round.........like musical chairs; but make sure you're not the the last one left when the music stops 
Most aptly that is 1 main reason you must 'Take a rest before the rests' 
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Manikamaniko.
Master |
21-Aug-2007 16:07
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I heard Warret Buffet, like Donald Trump, is into MLM too... Maybe that's where he found more $$$money... 
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sohguanh
Veteran |
21-Aug-2007 15:58
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My own revised target sell is as below 1. at least 100% profits AND 2. The latest financial shows slightly downhill or looks stagnant OR 1. Cover cost AND 2. The latest financials took a drastic dive into oblivion Although I am a long term investor I do sell if necessary. I do not advocate hold on forever. For REIT stocks it will be tricky as it is passive income generating so I am still deciding on my own sell criteria. |
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Farmer
Master |
21-Aug-2007 15:39
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There're many ways to make or lose money in the stock market. As long as you can accomplish your goal ultimately, you can continue to adopt it. The most difficult part I find about stock investment is "When To Sell?", either to take profit or cut lost. And it all boils down to what type of investors you're(short or long). I found going in-out, in-out too many times will eat into your profit margins or increase your loses. Besides, most of us here have got a full time job to do, thus, unable to stick to the screen most of the time, too often will miss out during market fluctuations. Anyone can share your experience on "when to sell"? I'll be glad to hear an investor's point of view! |
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ten4one
Master |
21-Aug-2007 14:27
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Whoever tells you that making money in the Stock Market is easy must be talking thru his/her nose. It is tough but not impossible! I know for sure you'll never make money (i mean big money) if you don't know how to sell even the bluest of the blues and just contended with the dividends. You must know how to sell - up, take profits...down, cut loss to put it simply (of course, easily said than done). To a lot of people selling blue chips is almost impossible during a Bull Run (as if the Bull is going to run forever) and when the Bear starts to take over they refuse to sell just 'cos some Gurus said the Bull will be back soon. When they realised the Bull is not coming back as soon and by now the wound is already too deep and painful to sell. It is very important to learn how and when to sell - this is the very basic of making money. Cheers |
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Farmer
Master |
21-Aug-2007 12:14
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From day one I started reading about shares investment, I came across many books that highlighted this fact normally within the first few pages: You cannot become rich by buying or trading shares of a company. Only those who sold shares to you will be. But you can make some decent money and improve your life thru wise investment in shares. What you guys/gals have been thinking and doing are all the same. The only different is whether you win or lose. That's why I chose to go long and buy only divs paying counter.  |
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Fairygal
Veteran |
21-Aug-2007 12:00
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Think most of us average joe just want to earn some $$ to complement our income. Becoming another WB or OeiHL is not impossible, but at the rate that we dabble with stocks, it's very difficult. Not too long ago, there is this trading stock games. One of them was a student, or undergrad ( pardon my memory), and in another game, winner was a housewife. Now, how did they do it? I was thinking if the game is timed during this period of volatile trading, what will be the result? Still, we have to live within our means. With some kopi money, we sometimes can indulge in life's little luxury which we may not indulge in with our monthly pay. |
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singaporegal
Supreme |
21-Aug-2007 11:54
Yells: "Female TA nut" |
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Same as you... I have a full time job as well. My rough estimation is that average joe (who's a relatively good investor or trader) makes about 5-10% of his salary on stock market on average. The irony is that 90% of the stress of people who play in the stock market results in only 10% of their income! :) |
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