Don't worry about your cash is not generate return. I can tell that all my friends who use cash to trade stocks > 15 yrs. >90% are not making $$$ after many years of playing share. Herd instinct , failure to cut loss , GREED etc - Old habit dies hard. My friends & I have been trying to figure out how to manage human emotional weakness trading behaviour.
1) Go fishing - learn to be patience ?
2) search for Good courses that teach EQ trading but NONE.
3) Write Greed Kills, Greed Kills & paste it on wall. But doesn't work.
4) Record all trades so that I am able to see my mistakes. It work
5) Record the Gurus investment seminar talk. But cant bring recorder in. Only use memory. Their strategy is fine but timing wrong because they are not GOD.
6) Trade small lots to learn. Any mistakes made. The loss will not be big.
7) b4 2008, I take blind risk to do ACCUMULATOR product which is easy money to make. I nearly bankrupt. Luckily I survived & learn from it with minimum loss
etc etc
It is only after the LEHMAN crisis, I finally practise EQ trading. I believe it is the investment journey U need to go through b4 U really understand the important of patience trading & buy only when there is FEAR in the market. Not to follow herd instinct investing.
The older I get, the less I care about what people think of me. Therefore the older I get, the more I enjoy life.
So when comes to investing. The older I get, the more experience I have. So the less I trust the Analyst stock recommendations, Goldman sach , Citibank , CS , SC , Morgan , SG stock gurus , friend & colleague hearsay investment tips etc etc.
The older I get, I firmly believe that GREED investing , Herd investing, frequent trading of stocks , high leveraging in speculative derivative product (ELN , FCN , Accumulator ) , FX trading etc is a guarantee for failure in long run. So the older I get, the more I trust “FEAR investing”.
Hello Cbsh
Always like reading your encouraging post..put me at ease.
Cos always i hear people here always get 5-8% on their investment return where i get only 1% from the bank. sianz.
I need to control my emotions in order not to anyhow jump into investment which will put me in loss-making position.
Yes, I like your motto, 'be patience'...I think must really paste it on my wall. haha.
It is important to only trade business that you understand and will not kaput overnight like ACCS or China Aviation Oil
For example, I will never trade things like Olam or Noble Group as I don't understand WTF they are doing
ST highlighted high dividend yield of HPH Trust on Sunday, today drops (but in line with other REITs)
Just my 2c
Ride at your own risk !!!
5-8% yes, but got to have the discipline to walk in and walk away, stay off.
more than 10% must study very very hard, very Siong...
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Precisely
Have to monitor and work very hard
Not every day can make 5~8%
Key word is DISCIPLINE
if manage to get correct counter "let it run" to maximize profits
If wrong...ability to cut loss instead of losing shirt and pant
So out of a few counters under watchlist
Managed to get a Bull Eye on Gallant...already 7~8% liao
Today closed at day high...tomorrow hope to see it go higher
YingLi
Interesting to watch
After running up on the 28th May breakout from rectangle (0.29c)
It has since pullback for the last 3 sessions on low daily volume
Impulse buyers on contra due this Thursday and Friday
and 0.29 will be the support to watch
Todays close 0.30
Next resistance at 0.335
Support 0.29, with 0.285 accidental
Rex Intl
Forming a Bull Flag after breaking out from Cup and Handle formation
Next 1 ~ 2 days will be interesting to see of there is any
life left from the bulls to break up from the flag
Hi cbsh38584
Discipline and patient is very important in trading
Setting stop loss is a form of discipline
Patient to read Live Action, the real Times and Sales are most important as
short term and momentum trading
If bought Gallant at 0.31 say on 20th May would cut if last low was broken
at 0.29
0.29 was created as a support since 7th April and was tested several times.
To be precise 11 times therefore it shown to be a strong support
Above only 1 aspect in TA
Cheers
Look at smrt now
Real time reading of SMRT
1.485 / 1.49
is it accumulation or distribution ?
(Buying or selling)
you win if you can determine and identify the actions
Therefore it is no more a 50/50 like big small betting
With help of TA, your percentage of winning is higher
Best of Luck
Look at Gallant Live Actions
Buying or selling
0.355 / 0.36
Note : the buy and sell referring to MM
and not you and me
If able to identify what the MM are doing...follow on the side of the MM
I was invited to attend a investment Seminar organised by STD CHART many years ago (> 7 yrs). He showed the performance of a professional traders Vs average investors who just buy S&P chip (US) & hold for long term.
The result shown that the professional trader return beat the investors who buy & hold strategy only by a few % after 10 yrs. But I believe the buy & hold strategy may not hold now.
There is no such thing called "buy & hold" for stocks, especially SGX listed stocks!
You try doing that in Singapore stock market and your return may be worse than putting in fixed deposits over a 10 years period!
As such, market timing is very important for stocks!
However, in stocks, the tricky part is that when the price reaches "high historical price" may not mean really "high" now, and "low historical price" doesn't means really "low", which is why many people missed out profits / got burnt (selling too early and buying when they shouldn't!).................
Have you ever ask yourself ?
Why buying on Fear and most of the time you win ?
Why buying on Greed and most of the time you lose ?
US tech big cap my next target
Ride at your own risk !!!
sorry
here is the link...happy browsing and learning
http://www.candlesticker.com/Default.aspx?lang=en
India stock market was the worst performing emerging market just months ago. Now it was the best performing emerging market.
Religare Health Trust (India) from $0.75 in Feb14. Now it is $0.90. A 20% gain. It pays 0.075cts dividend in 2013. If U believe in the new PM, MODI. Maybe it got potential in long term.
X3 my initial position in HPH trust ...
Ride at your own risk !!!
Trading is fun but I always lose money when I trade. ... That why I don't trade now. .. picking good stocks give higher return but is "boring".....