Having good EQ is probably just as important if not more important than IQ when gauging market movement. Without good EQ, it will be difficult to gauge market emotions and sentiments. My friends who are good traders are people with high EQ, sensitive to people's needs, emotions, sentiments and moods. These people make extremely good traders, because they know how to swing with the market. 

Hope you know why I am talking about this  

haha okie! i think don't post too much here must talk more about genting else forumer see already turn off with motivational stuff haha..

good to have those ignorant folks, for us to earn their money...

Cheers!

haha okie! i think don't post too much here must talk more about genting else forumer see already turn off with motivational stuff haha..

good to have those ignorant folks, for us to earn their money...

Cheers!

O.Olll 8mth ago u lost 80% of ur capital??.... but i thought the bullish market already start in march 2009...so should start earning since then le mah...may have some correction in between  but will tend to trade higher mah...

More too got burn during 2007-2008... but that was history le... Finally 2010 i saw profit le...but i am stil learning too...Is there any other course beside chartnexus for better learning? Can recommend?

After I lost about 80% of my capital about 8 months ago, I stopped trading, invested $20,000 to attend a series of trading courses before coming back to the market. So yes, I agree learning trading skills is necessary. Why? Because you need to know what the pro traders are doing out there, and as retail investors we cannot trade against them as that would simply be suicidal.

We need to know what they know, the tools they use, technical charting analysis, the news channels they use, the trading psychology methodologies (greed, fear) they use. How do the BBs make retail investors dump stocks so they can buy and consolidate cheaper? And of course understand that manipulations are rampant in the market. The more you know the more you will trade like them, and not against them. Usually one course will not cover so much, which is why I had to attend several until I was satisfied enough was learnt.

Once you know enough to stop trading against the BBs, you will naturally make less losses. Even though you know it is virtual money it still helps a lot. Aircraft pilots have to go through hundreds of hours of simulation training using their virtual flying cockpits that look a lot like video/computer games. Does it help to them fly a real aircraft next time? It certainly does.

Is it necessary for everyone to attend courses? For traders probably, less so for long term investors. I knew I was more of a trader than a long term investor, so I had to invest more in my education.

So the first question for you is, What kind of investor are you? And then you will know what the next step is.

Hope that helps  

BullishTempo, it was really a good post from u, but there is 1 thing that i wanna share as a beginner, also must go for courses and buy/borrow books to read + paper trading will be effective. if just paper trading, when it comes to actual trading the feelin is definately different, fear/greed all will starts to appear and it will bring u down terribly. paying more than 1k for a course or buy of books is better than paying 1k to the market and learning abit/nothing..

referring to red field; because some people never learn and kept getting burn and by learning abit will still lose out to those pros out there.

my point of view base on my personal experience, anything abv correct me if i am wrong.

Cheers!

BT, if its positive impact, why did SGX price fall 27cents on Fri?

i have read the SGX forum (within sharejuction) that price will fall further to the $8s, what's your view.

LoL no, I am also learning like everybody else, but I just happen to be very passionate about trading, because in my opinion it is a very interesting business. I agree that trading is highly risky, and there is a possibility for loss every single time we enter a trade. However if we have put in our stop loss, done our research and analysis on a company's performance, monitor the market consistently, then we have done our part to cut down our risks.

In my definition, having done all that, we should not consider trading as gambling, but as having invested and owned part of a profitable company. As a profitable company grows, naturally a share price will also grow. 

People who gamble are folks who just trade base on rumour or base on a friend's recommendation without doing one's due diligence. 

Just my 2 cents. Cheers   

LoL no, I am also learning like everybody else, but I just happen to be very passionate about trading, because in my opinion it is a very interesting business. I agree that trading is highly risky, and there is a possibility for loss every single time we enter a trade. However if we have put in our stop loss, done our research and analysis on a company's performance, monitor the market consistently, then we have done our part to cut down our risks.

In my definition, having done all that, we should not consider trading as gambling, but as having invested and owned part of a profitable company. As a profitable company grows, naturally a share price will also grow. 

People who gamble are folks who just trade base on rumour or base on a friend's recommendation without doing one's due diligence. 

Just my 2 cents. Cheers