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   

Though their comments may appear contradicting,

    in my view, both Sifu's (iknownothing & Bullish Tempo) views are true and equally insightful.

        If newbies can understand and live the wisdom, they will benefit muchly. 

iknownothing      ( Date: 24-Oct-2010 00:15) Posted: haha trading same as gambling just that higher probability of winning..depends how individual differential.. Cheers! BullishTempo      ( Date: 23-Oct-2010 20:13) Posted: Stock investment has nothing to do with gambling, but everything to do with knowledge, skills and experience. I am not sure what you mean by saying you are a passive stock gambler, so I won't comment more. All the best

haha trading same as gambling just that higher probability of winning..depends how individual differential..

Cheers!

BullishTempo      ( Date: 23-Oct-2010 20:13) Posted: Stock investment has nothing to do with gambling, but everything to do with knowledge, skills and experience. I am not sure what you mean by saying you are a passive stock gambler, so I won't comment more. All the best  iknownothing      ( Date: 23-Oct-2010 19:44) Posted: BullishTempo, yar i agree with you..haha i am also a passive stock gambler too thats why i also go for courses! hope those ignorant people will learn n save their hand after reading your post. Cheers!

Good Analytical Skill !

A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close).  During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

Both RSI & MACD are bullish though RSI near to “overbought” region.

Important Resistance of Genting SP: $2.27

Immediate Support of Genting SP: $2.12

Currently prices are well above 20/50/100/200 days MA

Genting SP has been remarkable lately as they gain close to 100% within 3 months

The next resistance they need to break in order to go higher is “all time high resistance” at $2.27.

However we would expect $2.27 to be a very strong resistance as well and likely required high volume to break through this resistance.

SEE ANALYSIS FOR COSCO


Investors who are interested can monitor to see if Genting SP can breakout of the resistance in next week.

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!

BullishTempo      ( Date: 23-Oct-2010 10:07) Posted: typo error, i meant :  just be sincere about helping other needy people and be grateful that you are the one giving money away, and not the one who needs that money. BullishTempo      ( Date: 23-Oct-2010 09:55) Posted: I have said this before and I will say this again. Contra and margin are not advised for amateurs and beginners. I got burnt badly at the beginning because I didn't know what I was doing with my margin account and was very lucky to have survived that period. I know some folks who weren't so lucky and never recovered from their losses, as a result their families and children were badly affected. Lesson learnt? As a beginner, start with a cash account, or better yet, start with a paper money account. Trade the paper money account for at least 3 to 6 months, get the necessary experience, before using real money to trade. Another lesson here, for those who are familiar with law of attraction. Be grateful and happy with the money you make. Share that money with family, your relatives who are in need, your friends who might need the money for hospital bills. Start donating about 5% to 10% of your monthly profits to charitable organizations. What you give out to the universe will come back to you many folds. But when you do it, don't think about making more money, just be sincere about helping other needy people and be grateful and you are the one giving money away, and not the one who needs that money. This is one of the secrets of many successful entrepreneurs. Just look at Bill Gates and Warren Buffett. Will share more next time. Cheers.

Excellent advise to those starting out and the experienced ones also.

Looking forward to success. Cheers.

BullishTempo      ( Date: 23-Oct-2010 09:55) Posted: I have said this before and I will say this again. Contra and margin are not advised for amateurs and beginners. I got burnt badly at the beginning because I didn't know what I was doing with my margin account and was very lucky to have survived that period. I know some folks who weren't so lucky and never recovered from their losses, as a result their families and children were badly affected. Lesson learnt? As a beginner, start with a cash account, or better yet, start with a paper money account. Trade the paper money account for at least 3 to 6 months, get the necessary experience, before using real money to trade. Another lesson here, for those who are familiar with law of attraction. Be grateful and happy with the money you make. Share that money with family, your relatives who are in need, your friends who might need the money for hospital bills. Start donating about 5% to 10% of your monthly profits to charitable organizations. What you give out to the universe will come back to you many folds. But when you do it, don't think about making more money, just be sincere about helping other needy people and be grateful and you are the one giving money away, and not the one who needs that money. This is one of the secrets of many successful entrepreneurs. Just look at Bill Gates and Warren Buffett. Will share more next time. Cheers.

typo error, i meant :

 just be sincere about helping other needy people and be grateful that you are the one giving money away, and not the one who needs that money.

BullishTempo      ( Date: 23-Oct-2010 09:55) Posted: I have said this before and I will say this again. Contra and margin are not advised for amateurs and beginners. I got burnt badly at the beginning because I didn't know what I was doing with my margin account and was very lucky to have survived that period. I know some folks who weren't so lucky and never recovered from their losses, as a result their families and children were badly affected. Lesson learnt? As a beginner, start with a cash account, or better yet, start with a paper money account. Trade the paper money account for at least 3 to 6 months, get the necessary experience, before using real money to trade. Another lesson here, for those who are familiar with law of attraction. Be grateful and happy with the money you make. Share that money with family, your relatives who are in need, your friends who might need the money for hospital bills. Start donating about 5% to 10% of your monthly profits to charitable organizations. What you give out to the universe will come back to you many folds. But when you do it, don't think about making more money, just be sincere about helping other needy people and be grateful and you are the one giving money away, and not the one who needs that money. This is one of the secrets of many successful entrepreneurs. Just look at Bill Gates and Warren Buffett. Will share more next time. Cheers.