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Pauperman
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06-Oct-2013 11:55
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Every stock will have its day if you are not caught too high up there. Endure thru or cut and reposition your money you decide. | ||||
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Stockcham
Elite |
06-Oct-2013 11:36
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Aiyo, what to do leh...Nevermind, next time you will know what to do. But pls take note of the DOW. I have shared it yesterday. Huat ah!
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Stockcham
Elite |
06-Oct-2013 11:29
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Sure no hard feeling Star-trader. Just discussion nia. I only agree with you to an extend. In the first place I have to know whether the short term you are referring is T+5 contra play or holding for a few weeks or months  because it seems that we are coming in from different angle. My short term is referring to T+5....No pick up of shares. If what you said is referring to T+5 trading, then I have different view from you. When playing T+5, BBs or Funds interests in a counter come first. I may buy now and sell the next day, or on the same day. I only need to look at past history on chart for basic info. only but do not require to do a 10 years series chart analysis in so detail.  I only have 5 days. I cannot afford to buy a  counter with very good fundamental and  then sit there to wait for BBs to push up. In  contra trading,  BBs or Funds interests and TA is the priority in my opinion. We need to choose a counter where Bbs have immediate interests in the counter. Let's talk about mid-term trading. Do you buy stocks based on good fundamental and keep it for a period of time regardless whether big players are interested?. If I want to pick up a counter for mid term, I won't do that. I will  see which counter BBs or Funds  suddenly have interest in it, and then check out the fundamental or potential of this counter. By doing this way, I can see the return faster. Time is money. We cannot afford to buy  a counter and wait for BBs to come in. Anyone who is in the market for long will definitely  realised how come some  very good fundamental stocks move so slow or don't move while others can move so much, or how come those trading way below their NAV, low debt, high ROE, good EPS for the past 3 years etc...  don't move. When we buy a counter, we don't buy a counter because it won't drop so much when market turn against us. We buy a counter which we expect them to  move up a lot. If you noticed, counters which have potential moved more than those with good fundamental. At the end of the day, whether we buy short term or mid term, when market starts to correct it is better to get out and not to hold them tight. Especially in a serious correction, whatever counters also will not be spared. The difference is only drop more or less only. Just my view. Huat ah!
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Stockcham
Elite |
06-Oct-2013 10:55
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Bro SFGuyRuleZ, thanks for sharing. I hope you are not referring to me promoting contra play in this thread. I don't promote contra play, neither will I advice peoples not to play contra. Everyone here is an adult and they are pretty sure of the risk of contra play. To give this kind of advice is a waste of time in my opinion because I believe everyone knows about it. Take for instance, you can tell someone not to smoke. Do you think the person don't know the risk of smoking?. We have to be realistic bro. Many peoples indeed play contra including those who invest long term. You can advice them 100 times they still play. Put it this way. If someone die die wants to join the  sport of wrestling, do you think by telling him how dangerous this sport is will help?. He will have to be knocked out seriously before he rethink your advice. Some may give up but some  are determine to be a good wrestler. So after being knock out, he stands up again and trained better so that he will not be hit hard the next time. The reason why I shared here is not to tell everyone that contra play can make a lot of money easily.  Instead of telling peoples not to play contra, it is better to put it some realistic action by sharing with them the skill so that they can protect themselves. They will lose less or starts to make money after months or years of trading with knowledge. The main reason why peoples loss a lot of money until broke is not because stocks trading. It is because of each person's character. Young people are impulsive just like me in my younger days. Loss so much already hoot bigger so that can make back the losses. This is the main mistake. When market is good, can place more bets. But when market turn against us, we should reduce our bets or get out completely. When I gamble with my friends during the CNY, the stake is min. $10 and max $300. When banker is on form, I will bet $10. When banker have no  form, I will slowly increase my bet to max $300. Of course the banker friend buay tahan me lah...lol... Btw, I like to see  your sharing because you seems to be very good in fundamental. It is be very good if you can share regularly some good counters with very good fundamental or potential so that some bros & sis can consider to buy and keep. This will really helps them. Good luck! Huat ah!
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JarolLo
Veteran |
06-Oct-2013 10:47
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Bro, I believe next week will be another very bad volatile week. As you said those buyers and shortist has not settled their T+5 yet. Due date will be mid of next week or even before for those with less than the T+5. Once activate another round of panic volatile again. Just be careful.
Low can be lower.
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Spivvy
Senior |
06-Oct-2013 10:45
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Any pennies with good fundamentals to buy in this round of correction?? | ||||
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Candlez
Veteran |
06-Oct-2013 10:32
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Aiyoh Bro novice_trader, buy your wife her Birkin bag la....
There is a saying.."A good wife is worth more than her weight in gold".... Now you buy her a handbag, next time when the stars shine upon you, your turn to get a BMW..... Seriously while we punt the market, never lose sight that our loved ones are still #1 in our lives..treasure them while the opportunity is still there..time and tide waits for no man..... Have a great Sunday everyone!
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winterQQ
Veteran |
06-Oct-2013 10:32
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Stubborn me, bro sc... I Nvr cut anything. Every buy n keep. Since the week u said buy w cautious I already tone down.
Still paper lost abt 30+K. I hv loads of counters. No panic sell, no cut. 2 counters regretted not cutting, the other 11 or 12? (Can't remember) I have confidence.
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star-trader
Senior |
06-Oct-2013 08:56
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  SFGuyRuleZ, Well said. I totally 100% agreed with you. To be honest, I am not good in fundamental as I am a chart technical analysis person but to be in the stock market trading, once have no choice but got to get the grasp of the fundamental of the stocks first before applying the Technical Analysis on it. Yes, contra is not the way to go.. some stocks need nurturing as big traders might accumulate before the stocks can go uptrend even though the charts looks positive for that time you see it. SC  To your quote below,  " ..............Bro, I've mentioned   in my previous post before that it depends on whether one wants to invest in stocks or play stocks. Fundamental is important if one want to invest in stocks. Anybody who are in the market can see that in a bull market, counters without fundamental can move a lot while many   good fundamental counters do not move as much. You can see that fundamental becomes secondary in a bull market. So if one wants to play stocks, we should follow the flow so that we can makes money. But of course when market starts to correct, the reverse will happen. Those without fundamental will likely die first and can die jialat jialat. I'm not an investor. I'm a short term player and so I follow the flow and analyze what BBs going to do next with the help of TA. I don't focus too much on how good a company is........ " ********* I would like to give some opinion and thoughts on this. No hard feeling.. I won't say all the Penny stocks are really no fundamentals, there could have some " minority" of the Penny stocks that really good business sense but once got to make sure that this penny stocks really that case before applying the technical analysis on it.. Because if you look at all the good fundamental stocks, look at the " bird view" .. you will notice that the chart will go down but will rebounded to the value of the stock or price.  You can pick anyone of them and do a " 10 years series chart analysis" and see for yourself. Even a short term player, will need to safe guard the stocks that you going trade so that any downsides, it will recover back when the value of the stock is there. But of course, value of the stock will change over time. So each time to trade on a stock, once got to ensure the latest value of the company and business cyclical is still there to trade short term using technical analysis. All the best. Star-Trader
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joseeng
Master |
06-Oct-2013 07:18
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Bro, am surprised u are only 26 as u sounded so experienced in stk trading....lol....u are right abt the perils on addiction to contra trading. Tats why one must have discipline, self control and playing within limits in order to survive the test of contra addiction. If u can't afford to lose, my best advice is dun trade.
For myself, I die die will stick to only 2 counters (max 3 counters during bull mkt). The quantity that I bought will also be scaled downwards when mkt is uncertain such as now...tats how I control myself....hope it helps....cheers.
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myjourney
Member |
06-Oct-2013 02:33
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Bros and Sista, Happy Weekend !!!! Wish all Huat Ah !!! |
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Peter_Pan
Supreme |
06-Oct-2013 01:03
Yells: "did you order dunkin' donuts" |
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haha me too
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SFGuyRuleZ
Veteran |
06-Oct-2013 00:59
Yells: "You are your own master.." |
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Yeap, but I still too young and greedy last time. I keep calling my broker to up my buying limit. haha..
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Peter_Pan
Supreme |
06-Oct-2013 00:54
Yells: "did you order dunkin' donuts" |
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that's why i only trade after i have funded the accts and use that as my trading limits. never use up the limits brokers give u, stick to the amount u have in ur trust balance.
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SFGuyRuleZ
Veteran |
06-Oct-2013 00:45
Yells: "You are your own master.." |
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Hi bro, I know the addiction as I went through it myself before also. This addiction becomes more serious when I think of my losses and I tried to contra more to cover back my losses. Maybe some people are really good in contra, but just not me. I can short-term trade and make decent profits with money I can hold, but contra, I lose 9 out of 10 times. My glory record last time, lol. Maybe if you like trading, just trade with money you can hold?? Just my thought. All the best and huat ah!! =)
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Cheiron
Member |
06-Oct-2013 00:43
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Nt market depth. As in usually trade summary will normally put number of lots done at a certain price. What i see some ppl posted here is $ amt done at certain price. Tat is wat i am asking :D
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novice_trader
Elite |
06-Oct-2013 00:41
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Bro, CMA is my fav... Will 9 times out of 10 but due to stupid and careless mistake, my 1 trade clear all 9 profits... It's a good counter, it's always I'm my WL...Huat ah!!!
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novice_trader
Elite |
06-Oct-2013 00:39
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Bro, I must admit im addicted to contra. Really. Honestly I can not stop it. I haven't tasted drugs but Its so addictive that can't get my mind off trading.... Something is wrong... What shall I do? Serious here. Not joking this time....
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novice_trader
Elite |
06-Oct-2013 00:35
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Hello fellow bros and sis and sifus..., HUAT AH!!!
Went to spend family time this evening, go MBS walk walk and wife say I nv sayang her for long time, ask me if some handbags nice or not... Aiyo... Losing $$$ leh dear... How bro? She say she wants a birkin bag somemore... Alamak... If I shot innopac on Friday from opening price to closing price then maybe can afford lah...... Zzzzzzzz Huat ah!!!
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SFGuyRuleZ
Veteran |
06-Oct-2013 00:07
Yells: "You are your own master.." |
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Contra can be really fun and addictive, and can also allow one to earn lots of money out from nothingness. However, it can also allow one to lose more than he/she can afford. True that some traders are really good and can earn alot from contra, but this kind of " game" is really too dangerous for most people. Therefore, in my own humble opinion, even if one is very good in contra, he/she should never promote or emphasize the merits of contra as it is just too dangerous. The gambling addiction will start once a person loses money, and he/she wants to contra more and cover back their losses. Even for those who are really good and can easily win alot from contra, they will have the idealogy that riches come easy. Some may not even want to work for the rest of their life. If everyone just stay at home to contra, what will this world and the economy become? But, I do admit that sometimes, playing contra just abit as a healthy and leisure form of gambling is really alright, like what some said - to earn kopi money. Furthermore, playing with a stop loss and being not greedy, it should really be fine. But trying to make a living out from contra and to get rich super fast is just not too right, in my opinion. You are right when you say that the longer you keep, it doesn't mean the more you make. When back to investing, one should always ask himself/herself the intention in the first place why he/she invested that sum of money in the stock. Is it for capital gain? Or is it for dividend yield? What prospects or fundamentals did he/she see in that business that one is able to invest that sum of money in it? If the fundamentals of the business have changed, whether higher debt, poorer earnings, competitors, outdated technology, overall bad market outlook, lousy management, etc..., and they are no longer in line of what you see when you first invested, one should always start to sell and look for other better opportunities. Having said, for investing for long term, it is always better to invest in companies that are undervalued and gives dividends. For capital gain and growing companies that does not give dividends or that give low-yield dividends, and their earnings are already stable for many years with limited growth, one can then valuate them according to their dividend yield and risk or debt level. If the yield is too poor despite being cash rich and stable earnings, I would also sell for I no longer see the value in that company. Blue chip companies in general give about 3 - 4% dividend yield.Not here to challenge anyone, but after yesterday's bloodbath and some of the new threads here in SJ, I can't help thinking of myself and another older friend of mine who once also contra, trying to get rich fast. I even went to the extreme of tapping into my credit and cashline limits to tank my losses. When you contra, you really do not have the holding power and market is always uncertain. And you can never gauge how market reacts to certain news, or when some news suddenly pop out. I am lucky to lose only a little before I wake up. Anyway I am also not here to preach, and I am actually only 26 (turning 27 this year), despite from some PMs that people thought I am already very old. I don't dare to say I know alot about stocks and investing, but I have taken an interest in investing since young and have done paper trades before I started real investing. I am also lucky to have my uncles who are businessmen  and taught me alot about shares and investing. So this is just to share a little about me also, if that matters. Cheers!! =)
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