My Trading Adventure
Learning takes time
CP TEH
Publish date: Sat, 10 Dec 2011, 02:04 AM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
It is 1.30 am ... I do need a rest soon. I just came back from my tratles meeting ... I forgot to bring my projector!! Very absent minded these days with too many things in mind.
Anyway, I came back with a question to ponder. You see, I SHOULD not post any stocks I am buying or selling in our tratles' page because ... it is NOT a stock picking page!! It is a learning platform, where they could observe how I analyse charts and trade. Then, they could learn to analyse their own stocks!!
Following a person to BUY blindly is certainly not acceptable. Even the person is so-called your guru. No one know what is the next movement!! For example, I wrote that I bought UOA at 1.40 and cut loss at 1.36. But, I cut earlier at 1.38. Some of my tratles followed me at 1.40, but did not follow the STRICT cut-loss rules at 1.36. And worst part ... it is at 1.31 level today and they are still holding!!
Note : LISTEN TO THE ABOVE CLIP.
Look ... I could be talking to them for 3 looong hours, preaching on the fear-n-greed. But, do you think they could registered that in their head when they trade? Can anyone follow anyone's trades in the first place? Do you know the other person's plan? How could you read their mind? Serious ... when I place a cut at 1.36, how am I going to teach anyone to be DISCIPLINE. I could be ... but ... can you? Then, when I cut-loss, it is too short of the period, can I actually keep reporting 'live' trade here or to them?
Yeah ... many trades I done with them , to show how consistent I am and we need to believe whatever system we are learning.
I told them TOO many things in a short 3 hours class. Too many things as not everyone could absorb. It is tiring too ... after working the whole day. SO, many of things I might be sharing with them are NOT registered in their system yet. I am talking to many them who actually are novices, which may take some time to understand why trading is a VERY difficult activity and should not be taken lightly. The losses might be OK but .,.. the loss of confidence is NOT OK. Some may quit even before they could learn!!
Yes, learning takes time .. but many are impatient ... to gain back some money from markets. That is NOT the right mentality going into markets. So, I am going to make some 'corrections' in our learning as ... the bottom line is still LEARNING, not encouraging them to buy-n-profit. Is it not that I am selfish ... I am concerned. I am concerned that their learning paused due to the eagerness of seeing profits!!
it is 2 am and I will continue ... too tired.
DOW up 160 points!!
Night
Comment
StephenLee : Like a kid, you has not tuned their mentality to be creative, thinking, manners, respect and logical reasoning. Just like in College and University..lecturers spoon feed them and give them notes and give them answers before the examination questions or the examination papers as project papers and some of the examination questions are objective. The U just produce degrees but students cannot read and write proper english and produce papers. Some of the papers are cut and paste. Likewise you have taught the turtles to apply what you taught but all the turtles learn to cut and paste to get profit without proper LEARNING the foundation of TA before hitting to the sharemarkets.....Your turtle..hehehe just follow the leader and that is how the turtle followed you blindly and in the event the shares plumet and you have cut loss but your turtle did not know you have cut loss and they have not apply the techniques you have taught them. Cherrios happy learning.
11/12/2011 01:38
TEH
Anyway, I came back with a question to ponder. You see, I SHOULD not post any stocks I am buying or selling in our tratles' page because ... it is NOT a stock picking page!! It is a learning platform, where they could observe how I analyse charts and trade. Then, they could learn to analyse their own stocks!!
Following a person to BUY blindly is certainly not acceptable. Even the person is so-called your guru. No one know what is the next movement!! For example, I wrote that I bought UOA at 1.40 and cut loss at 1.36. But, I cut earlier at 1.38. Some of my tratles followed me at 1.40, but did not follow the STRICT cut-loss rules at 1.36. And worst part ... it is at 1.31 level today and they are still holding!!
Note : LISTEN TO THE ABOVE CLIP.
Look ... I could be talking to them for 3 looong hours, preaching on the fear-n-greed. But, do you think they could registered that in their head when they trade? Can anyone follow anyone's trades in the first place? Do you know the other person's plan? How could you read their mind? Serious ... when I place a cut at 1.36, how am I going to teach anyone to be DISCIPLINE. I could be ... but ... can you? Then, when I cut-loss, it is too short of the period, can I actually keep reporting 'live' trade here or to them?
Yeah ... many trades I done with them , to show how consistent I am and we need to believe whatever system we are learning.
I told them TOO many things in a short 3 hours class. Too many things as not everyone could absorb. It is tiring too ... after working the whole day. SO, many of things I might be sharing with them are NOT registered in their system yet. I am talking to many them who actually are novices, which may take some time to understand why trading is a VERY difficult activity and should not be taken lightly. The losses might be OK but .,.. the loss of confidence is NOT OK. Some may quit even before they could learn!!
Yes, learning takes time .. but many are impatient ... to gain back some money from markets. That is NOT the right mentality going into markets. So, I am going to make some 'corrections' in our learning as ... the bottom line is still LEARNING, not encouraging them to buy-n-profit. Is it not that I am selfish ... I am concerned. I am concerned that their learning paused due to the eagerness of seeing profits!!
it is 2 am and I will continue ... too tired.
DOW up 160 points!!
Night
Comment
StephenLee : Like a kid, you has not tuned their mentality to be creative, thinking, manners, respect and logical reasoning. Just like in College and University..lecturers spoon feed them and give them notes and give them answers before the examination questions or the examination papers as project papers and some of the examination questions are objective. The U just produce degrees but students cannot read and write proper english and produce papers. Some of the papers are cut and paste. Likewise you have taught the turtles to apply what you taught but all the turtles learn to cut and paste to get profit without proper LEARNING the foundation of TA before hitting to the sharemarkets.....Your turtle..hehehe just follow the leader and that is how the turtle followed you blindly and in the event the shares plumet and you have cut loss but your turtle did not know you have cut loss and they have not apply the techniques you have taught them. Cherrios happy learning.
11/12/2011 01:38
TEH
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
stephenlee
Like a kid, you has not tuned their mentality to be creative, thinking, manners, respect and logical reasoning. Just like in College and University..lecturers spoon feed them and give them notes and give them answers before the examination questions or the examination papers as project papers and some of the examination questions are objective. The U just produce degrees but students cannot read and write proper english and produce papers. Some of the papers are cut and paste. Likewise you have taught the turtles to apply what you taught but all the turtles learn to cut and paste to get profit without proper LEARNING the foundation of TA before hitting to the sharemarkets.....Your turtle..hehehe just follow the leader and that is how the turtle followed you blindly and in the event the shares plumet and you have cut loss but your turtle did not know you have cut loss and they have not apply the techniques you have taught them. Cherrios happy learning.
2011-12-11 01:38