Genting Sing    Last:0.62    -0.005

Traders Lounge - Daily opportunities for everyone

Like any other tool, the usefulness of a stop-loss is only as good as the one who uses it.

    This is because, in the hands of an inept or inexperienced person, it can result in big losses too.

          Since market whipsaws can easily knock the daylights out of even an expert trader,

                it is not such an easy thing to beat the market...   

 

In that sense, a trailing stop order  is the best feature to help nab  a profitable exit. Guaranteed stop loss  order is another feature  to protect  one's capital  from gap down in the event of  negative company  news or sudden world events.  Usually one has to pay additional for using advanced orders per trade, but it helps to manage downside risks. So why not?  Guaranteed stop loss is available at  selective brokerages  for trading US market to my knowledge and  not on sgx.

rotijai      ( Date: 19-Feb-2011 09:14) Posted: my friends who trade in US dont really monitor real time.. they do their research and set everything (cut loss, tp, and even a price which u would sell to secure profit, for example if u buy at 1.00 and ur target price is 1.50 and the current price is 1.40, u can set a price at 1.30 and the system will sell it away when it drops to 1.30 so that u still earn 30 cents).. so normally they place their orders then only check after they got up from bed. Gaecia      ( Date: 19-Feb-2011 00:36) Posted: Yea i said before, Nyse is one very fast ticker & every 1-2 seconds' screen flash can  mean  a difference of bid spread  between usd10-25 for those  few  hundred bucks  stock per share. It is  not easy to  'manually' day trade actively, can go blur and cause human error  quite easily  in the wee hours of the morning our local time.  Aura, try using pre-programmed trigger orders like contingent orders might help somewhat. Best is, do your own customised programmed tradescreens,  you can use that  on ie.  e-mini futures and  forex too. I don't know how those US veteran  traders do it but  you've computer engineering background, it could be easy for  you.  Still, one is up against the high frequency trading houses & black pools. So all is, risky betting. hehehe

 

lol those goldfishes are more appealing than our Singapore counters!

iPunter      ( Date: 19-Feb-2011 11:20) Posted: Why worry about stocks on a weekend?  Enjoy a gem...                        China's Got Talent Too!...  (click)

 

Why worry about stocks on a weekend?  Enjoy a gem...   

                    China's Got Talent Too!...  (click) 

 

Will the Bull or the Bear win? Normally after Budget Day, share prices will go up (A-gong giving money is a good news). But with so many bad news around (Bahrain crashes, China reserve rate, oil px shoot up), it's getting harder to second guess. The only comfort to take is Dow shrug off the bad news to close multi-year high.

iPunter      ( Date: 19-Feb-2011 07:47) Posted: Too much of the same old 'trick' may not have the intended efffect any more...     Until a time when maybe the market may even do a surprise " chiong"           upon announcement of any further market cooling or restrictive measures.                   Maybe, maybe not... just a thought... tiancai007      ( Date: 18-Feb-2011 20:41) Posted: China raise bank reserve again, Monday lau sai again?

 

You can try POEMS CFD (but it's not DMA)... 

bryansng      ( Date: 19-Feb-2011 10:58) Posted: haha i mean, im using poems to trade now. it can only set a TP (be it lower or higher than ur buy price). I cant set a price to cut loss, a target price that i will want to sell for profit or a highest target price.    Is there any other platform that will allow me to enjoy such benefit? iPunter      ( Date: 19-Feb-2011 10:45) Posted: To experience the full joy of this form of speculation,     nothing can beat playing forex...         But ultimately, all is still betting...

 

haha i mean, im using poems to trade now. it can only set a TP (be it lower or higher than ur buy price). I cant set a price to cut loss, a target price that i will want to sell for profit or a highest target price. 

  Is there any other platform that will allow me to enjoy such benefit?

iPunter      ( Date: 19-Feb-2011 10:45) Posted: To experience the full joy of this form of speculation,     nothing can beat playing forex...         But ultimately, all is still betting...  bryansng      ( Date: 19-Feb-2011 09:48) Posted: Since we can't set so many prices (TP, Stop Loss, Profit Price) with POEMS ONLINE, what other programs can we utilize?

 

To experience the full joy of this form of speculation,

    nothing can beat playing forex...

        But ultimately, all is still betting... 

bryansng      ( Date: 19-Feb-2011 09:48) Posted: Since we can't set so many prices (TP, Stop Loss, Profit Price) with POEMS ONLINE, what other programs can we utilize?

 

Since we can't set so many prices (TP, Stop Loss, Profit Price) with POEMS ONLINE, what other programs can we utilize?

 

my friends who trade in US dont really monitor real time.. they do their research and set everything (cut loss, tp, and even a price which u would sell to secure profit, for example if u buy at 1.00 and ur target price is 1.50 and the current price is 1.40, u can set a price at 1.30 and the system will sell it away when it drops to 1.30 so that u still earn 30 cents)..

so normally they place their orders then only check after they got up from bed.

Gaecia      ( Date: 19-Feb-2011 00:36) Posted: Yea i said before, Nyse is one very fast ticker & every 1-2 seconds' screen flash can  mean  a difference of bid spread  between usd10-25 for those  few  hundred bucks  stock per share. It is  not easy to  'manually' day trade actively, can go blur and cause human error  quite easily  in the wee hours of the morning our local time.  Aura, try using pre-programmed trigger orders like contingent orders might help somewhat. Best is, do your own customised programmed tradescreens,  you can use that  on ie.  e-mini futures and  forex too. I don't know how those US veteran  traders do it but  you've computer engineering background, it could be easy for  you.  Still, one is up against the high frequency trading houses & black pools. So all is, risky betting. hehehe   BullishTempo      ( Date: 18-Feb-2011 20:11) Posted: Wah brother, so surprised ! and Roti boy too! Don't worry about OCBC, I didn't buy it. Is it options express? American stocks damn expensive, the only way to trade them is via options. And trading with options requires a whole new set of skills. For one thing, options are not forever, and they expire in a few months, depending on the expiry date of the options contracts you bought. And options devalue the closer they reach the expiry date. Trading NYSE or Nasdaq is a whole new level altogether, are you ready for it? Losses and profits will be multiplied many times in the US market, and in double quick time. I am actually just getting myself familiarized with the US market before I jump in. STI takes days to move, but US market can move in that space within one day. I really suggest you use a virtual account and trade first, and not a cash account ! Also wait for the US market correction... even though it may take weeks to come... Have a good weekend guys! PS : Budget mentioned about SGD currency appreciation to fight inflation. A stronger currency is usually bad news for stock market. You see that in US market all the time. Weak US dollar, stock market rises, Strong US dollar, stock market falls. Read more about the budget in tomorrow's paper. Any policies that try to contain inflation, eg. interest rate hike, bank ratio reserve hike, currency appreciation are usually bad news for the stock market

 

the main reason i queued for gar was because it dropped all the way from 715 on monday to 650 yesterday so i expect a technical rebound on monday..

but yea.. holding a position over the weekend is risky because of china's style...

tat's y i queued at 650 instead of chasing 655.. leave it to the god to decide whether i should or shouldnt get it.. :)

BullishTempo      ( Date: 19-Feb-2011 00:02) Posted: Another reason why not to hold a position on a Friday, besides knowing most traders take profit on Fridays. China loves to make announcements on Fridays and Saturdays. Expect more announcements from China soon.  rotijai      ( Date: 18-Feb-2011 21:12) Posted: now i  am glad that my queue at 65 cents didnt get filled up

 

Too much of the same old 'trick' may not have the intended efffect any more...

    Until a time when maybe the market may even do a surprise " chiong"

          upon announcement of any further market cooling or restrictive measures.

                  Maybe, maybe not... just a thought...

tiancai007      ( Date: 18-Feb-2011 20:41) Posted: China raise bank reserve again, Monday lau sai again?

 

Wa, Gaecia very good...

    Now she can get 1000  merit points (one kilo-smiles) from me.

        But actually I am nobody... so she should be the one

              giving me merit points for giving her merit points.


                  But jokes aside, I truly respect her for her goodly store of knowledge.

                          I would say, she is one who has 'fought in the trenches' (very experienced)...

 

Yea i said before, Nyse is one very fast ticker & every 1-2 seconds' screen flash can  mean  a difference of bid spread  between usd10-25 for those  few  hundred bucks  stock per share. It is  not easy to  'manually' day trade actively, can go blur and cause human error  quite easily  in the wee hours of the morning our local time. 

Aura, try using pre-programmed trigger orders like contingent orders might help somewhat. Best is, do your own customised programmed tradescreens,  you can use that  on ie.  e-mini futures and  forex too. I don't know how those US veteran  traders do it but  you've computer engineering background, it could be easy for  you. 

Still, one is up against the high frequency trading houses & black pools. So all is, risky betting. hehehe

 

BullishTempo      ( Date: 18-Feb-2011 20:11) Posted: Wah brother, so surprised ! and Roti boy too! Don't worry about OCBC, I didn't buy it. Is it options express? American stocks damn expensive, the only way to trade them is via options. And trading with options requires a whole new set of skills. For one thing, options are not forever, and they expire in a few months, depending on the expiry date of the options contracts you bought. And options devalue the closer they reach the expiry date. Trading NYSE or Nasdaq is a whole new level altogether, are you ready for it? Losses and profits will be multiplied many times in the US market, and in double quick time. I am actually just getting myself familiarized with the US market before I jump in. STI takes days to move, but US market can move in that space within one day. I really suggest you use a virtual account and trade first, and not a cash account ! Also wait for the US market correction... even though it may take weeks to come... Have a good weekend guys! PS : Budget mentioned about SGD currency appreciation to fight inflation. A stronger currency is usually bad news for stock market. You see that in US market all the time. Weak US dollar, stock market rises, Strong US dollar, stock market falls. Read more about the budget in tomorrow's paper. Any policies that try to contain inflation, eg. interest rate hike, bank ratio reserve hike, currency appreciation are usually bad news for the stock market. epliew      ( Date: 18-Feb-2011 19:23) Posted: hey BT where are you...... my US account is also ready !

 

When i wrote the posting, i had already sold. Didn't know you bot.

Gaecia      ( Date: 19-Feb-2011 00:14) Posted: Pardon me ep, i dumped it  right away  at 9.57  when  market reopened  frm  lunch break today. Just my automatic reaction  when i saw the opening  gap down at 1.59pm. It was never  my plan to hold on  and ride down an  (imaginary)  big red candle at that point in time. epliew      ( Date: 18-Feb-2011 20:33) Posted: ocbc only me and gaecia bought lah.... i do not blame rotiboy..... maybe it might rise as the budget reports seems to give the entire countryman a treat...... of the result of good dividend. option account.....i need to ask my friend..... i currently got two accounts, cimb and uobkayhian..... which is think both are cash accounts? hi BT, just a silly question .....strong SGD meant more stable currency hence the funds will flow back ?  like strong australian currency.... the fixed deposit also more attractive ?  pardon me..... like william hang once said.... " no  proper training"

 

Pardon me ep, i dumped it  right away  at 9.57  when  market reopened  frm  lunch break today. Just my automatic reaction  when i saw the opening  gap down at 1.59pm. It was never  my plan to hold on  and ride down an  (imaginary)  big red candle at that point in time.

epliew      ( Date: 18-Feb-2011 20:33) Posted: ocbc only me and gaecia bought lah.... i do not blame rotiboy..... maybe it might rise as the budget reports seems to give the entire countryman a treat...... of the result of good dividend. option account.....i need to ask my friend..... i currently got two accounts, cimb and uobkayhian..... which is think both are cash accounts? hi BT, just a silly question .....strong SGD meant more stable currency hence the funds will flow back ?  like strong australian currency.... the fixed deposit also more attractive ?  pardon me..... like william hang once said.... " no  proper training"   BullishTempo      ( Date: 18-Feb-2011 20:11) Posted: Wah brother, so surprised ! and Roti boy too! Don't worry about OCBC, I didn't buy it. Is it options express? American stocks damn expensive, the only way to trade them is via options. And trading with options requires a whole new set of skills. For one thing, options are not forever, and they expire in a few months, depending on the expiry date of the options contracts you bought. And options devalue the closer they reach the expiry date. Trading NYSE or Nasdaq is a whole new level altogether, are you ready for it? Losses and profits will be multiplied many times in the US market, and in double quick time. I am actually just getting myself familiarized with the US market before I jump in. STI takes days to move, but US market can move in that space within one day. I really suggest you use a virtual account and trade first, and not a cash account ! Also wait for the US market correction... even though it may take weeks to come... Have a good weekend guys! PS : Budget mentioned about SGD currency appreciation to fight inflation. A stronger currency is usually bad news for stock market. You see that in US market all the time. Weak US dollar, stock market rises, Strong US dollar, stock market falls. Read more about the budget in tomorrow's paper. Any policies that try to contain inflation, eg. interest rate hike, bank ratio reserve hike, currency appreciation are usually bad news for the stock market

 

Another reason why not to hold a position on a Friday, besides knowing most traders take profit on Fridays.

China loves to make announcements on Fridays and Saturdays.

Expect more announcements from China soon. 

rotijai      ( Date: 18-Feb-2011 21:12) Posted: now i  am glad that my queue at 65 cents didnt get filled up. tiancai007      ( Date: 18-Feb-2011 20:41) Posted: China raise bank reserve again, Monday lau sai again?

 

maybe there are people shorting so system buy back 2 cents above previous day closing.

muifan      ( Date: 18-Feb-2011 20:36) Posted: Can some one explain why noble close at 2.14 ( 2 bids down ) and not 2.15? issit a human " error" ??

 

during the last 5 mins (last trading)  after 5pm, more ppl are willing to sell at 2.14 and below than ppl willing to buy at 2.14 and above. tat's y the sell down's so strong tat noble closed at 2.14

muifan      ( Date: 18-Feb-2011 20:36) Posted: Can some one explain why noble close at 2.14 ( 2 bids down ) and not 2.15? issit a human " error" ??

 

now i  am glad that my queue at 65 cents didnt get filled up.

tiancai007      ( Date: 18-Feb-2011 20:41) Posted: China raise bank reserve again, Monday lau sai again?