*****
Be proud to be a trader / speculator.
super99
I don't know why people banish the words speculating and trading to the bad words category......
Be proud to be a trader / speculator.......I personally find I am a damn good speculator/ trader and lousy investor.
in the market of recent past...any investor sure under perform compared to me.
can we skew the conversation more to what works and less to what don't work....................
Its fine to be a trader / speculator....after all, what in share market is not also speculating?
I tell you what is not speculating / trading :
it is not casino. Speculating /trading is not any game of chance.
In share market, you get to choose your game, set your own rules, play to your strength...and it is not completely random.
Life is a gamble, nothing is pre determined, Nothing wrong with gamble. Estimate the risk rewards...and place your bets
ps...........write well does not mean can make money
write not so well does not mean cannot make money...
one more thing.....
recently it is definitely a traders' market and a lot of investors lose until no eye see.
ps..........I don't use much technicals...Just a plain old chart will do for me....Trading to me is all about knowing the stock / company and use psychology to make some money.
ps........They say TA good...but TA will give you the signal according to your bias and disposition. One more thing...cut loss at SMA 200 is about the most silly thing I have heard. It means cut loss when share already drop by 50% ( mostly) and all your profits gone and cut loss at multi months / multi year lows.
ps.......They say FA good.....FA didn't help those who bought HY at $19 and refuse to cut loss because they say FA still good.
ps.....I do not set out to do contra....That is not my style.
But I did notice, I make a lot of money from T + a few days......easier to make money fast than to make money slow.
ps..... even more funny.....If I am in a hurry , I tend to lose money.
If I play safe, I make money fast fast...very odd. I also cannot explain.
ps......As a trader, I can chase a share or I can wait until a share comes down to my level before I buy.
If I ever do diarilising, I will find that if I buy a share "cheap" , I find my chances for success much higher than if I decide to chase a hot share.
ps.....History....To be successful, you have to know history...history of the stock, history of the Company....the more you know, the higher the chances for success.
If I enter a stock blind blind, not knowing much history, chances for success not so good.
ps......and I don't believe in conspiracy theories or buayas, or snakes, ....I read a lot of comments about this and that , that cannot be proven.
that that is just noise.......
for me...what I see is what I get. Everyone who participates also got risks and also got rewards.
conscious that there are a lot of noise that need to be filtered out...and there are signals that are profitable and you should take action.
ps........don't trust TA so much.....
Trust your brains better than trust TA.....
analyse the situation, analyse, analyse , analyse better than TA TA TA.
analyse means analyse the probabilities , risks and the rewards...analyse expected value, analyse the trends and group dynamics, ..........think, what a smart chap will do in such a situation........and be the smart chap.
ps......don't wait for the perfect condition, perfect stock or perfect any thing. No such thing. If there ever is ...the price would not be perfect.
The market pays you to assume a risk, a certain risk , and proven right subsequently. That is the most rewarding trade.
ps..........what about Wall Street and Dow Jones?
From experience, I say you can safely ignore Wall Street and Dow Jones 99% of the time. Counter trade is the most profitable 99% of the times. ...It is only 1% of the time that noises from Wall Street turns out to be real significant signals.
Pretend you don't even know Wall Street may be a good strategy.
Just have to remember....journalists and professors don't usually make money from the stock market. So, why worry so much what journalists and professors say? They are usually wrong any way.
GOOD LUCK TO YOU ALL. I would be more than happy to handle any questions
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Discussions
1 person likes this. Showing 50 of 51 comments
yeah qqq3.. investing need very detailed n long study of FA, then +TA for entry. while trading mostly need strong technical & most important cut-loss plan.
2018-03-20 19:29
OPM
I don't use much technicals...Just a plain old chart will do for me....Trading to me is all about knowing the stock / company and use psychology to make some money.
2018-03-20 19:55
They say TA good...but TA will give you the signal according to your bias and disposition.
2018-03-20 19:58
One more thing...cut loss at SMA 200 is about the most silly thing I have heard. It means cut loss when share already drop by 50% ( mostly) and all your profits gone and cut loss at multi months / multi year lows.
2018-03-20 20:00
They say FA good.....FA didn't help those who bought HY at $19 and refuse to cut loss because they say FA still good.
2018-03-20 20:04
even if I show you, its no use....its just anecdotal evidence. It proves nothing. It could be due to luck factor, or special circumstances......and then, there is this thing called Fooled by Randomness.
I think I am a damn good trader is my opinion of my self.
2018-03-20 20:13
funny enough....I do not set out to do contra....That is not my style.
But I did notice, I make a lot of money from T + a few days......easier to make money fast than to make money slow.
2018-03-20 20:16
even more funny.....If I am in a hurry , I tend to lose money.
If I play safe, I make money fast fast...very odd. I also cannot explain.
2018-03-20 20:18
As a trader, I can chase a share or I can wait until a share comes down to my level before I buy.
If I ever do diarilising, I will find that if I buy a share "cheap" , I find my chances for success much higher than if I decide to chase a hot share.
2018-03-20 20:26
History....To be successful, you have to know history...history of the stock, history of the Company....the more you know, the higher the chances for success.
If I enter a stock blind blind, not knowing much history, chances for success not so good.
2018-03-20 20:36
like i said FA need to be backed up by TA. If not just dumb2 buy when 'someone' say this company have firm FA. Most problem with TA is user dunno what exactly they are using and they doesn't have discipline.
2018-03-20 20:42
and I don't believe in conspiracy theories....I read a lot of comments about this and that , that cannot be proven.
that that is just noise.......
for me...what I see is what I get.
conscience that there are a lot of noise that need to be filtered out...and there are signals that are profitable and you should take action.
2018-03-20 20:44
TA is actually straight forward, when the signal say buy, then buy. Other important factor is stock historical & big player style. Buy when they buy, stay when they put barrier, then sell before they start sell.
2018-03-20 20:49
opm...don't trust TA so much.....
Trust your brains better than trust TA.....
analyse the situation, analyse, analyse , analyse better than TA TA Ta.
analyse means analyse the probabilities , risks and the rewards....think, what a smart chap will do in such a situation........and be the smart chap.
2018-03-20 20:51
i only use few set of TA which works most of time. i'm not dumb also if not i already lose my pants instead of making wealth
2018-03-20 20:58
by OPMS > Mar 20, 2018 08:49 PM | Report Abuse
TA is actually straight forward, when the signal say buy, then buy.
======================
that way, you will tend to buy high...hope you don't also sell low......
2018-03-20 20:59
high can go higher, low can go lower. If anything goes wrong, then its time i use cut loss. I have my own mindset on the cut loss, its not more than 10%. What's the big deal?
2018-03-20 21:04
OPMS > Mar 20, 2018 09:04 PM | Report Abuse
high can go higher, low can go lower
==========
can...but I don't mind sharing with you recent months, much easier to make money buy low sell high....your strategy requires a genuine bull market.....but on the other hand......a genuine bull market, no body makes more money than just buy and never sell.
2018-03-20 21:12
lol all who make money in stock buy low sell high lah.. instead of talking this and that, why don't you share insights on everyday basis. You may contact me at e.46m3@yahoo.com
2018-03-20 21:25
one more thing....don't wait for the perfect condition, perfect stock or perfect any thing. No such thing. If there ever is ...the price would not be perfect.
The market pays to assume a risk, a certain risk , and proven right subsequently. That is the most rewarding trade.
2018-03-21 01:58
what about Wall Street and Dow Jones?
From experience, I say you can safely ignore Wall Street and Dow Jones 99% of the time. Counter trade is the most profitable 99% of the times. ...It is only 1% of the time that noises from Wall Street turns out to be real significant signals.
Pretend you don't even know Wall Street may be a good strategy.
Just have to remember....journalists and professors don't usually make money from the stock market. So, why worry so much what journalists and professors say? They are usually wrong any way.
2018-03-21 02:06
simplicity vs complexity.
keep things simple. More complexity doesn't mean better. remember the Hengyuan kakis and their complicated charts and graphs?
2018-03-21 08:55
qqq3 > Mar 20, 2018 09:37 PM | Report Abuse X
well...today I bought Sendai and Genting W....we shall see
===========
today up already.....
2018-03-21 11:08
Traders are adaptable and flexible....
Investors will have a tough time for rest of 2018....
every theme also played already.........
2018-03-21 12:10
y qqq3 > Mar 21, 2018 11:08 AM | Report Abuse X
qqq3 > Mar 20, 2018 09:37 PM | Report Abuse X
well...today I bought Sendai and Genting W....we shall see
==========================
Genting w $ 1.12, cost $ 1.05
the power of good timing
2018-03-22 11:39
as a trader , what I think of the trade war and stock market?
of course trade wars are scary...who doesn't equate it with 1930 recession......
and the market already firmly in the gripes of the bear even before this latest Trump tantrum.....especially retail shares......
It is retail shares that have drop the most, not institutional shares and not foreigner shares.
let's put in perspective....tarif on US $ 60 billion of goods? even at 20% tax....that is a mere US$ 12 billion......not even the value lost by a typical Dow company........
so...yes, market is weak.....Wall Street can still surprise you in a myriad ways...and Wall Street up does not mean we will up, down does not mean down by corresponding amount.
...and Sendai still find a way to go up.........Genting W unchanged.
2018-03-23 17:50
trader no talk trade war, only talk roller coaster, more volatility the better for them.
2018-03-23 17:54
sted by hollandking > Mar 23, 2018 05:54 PM | Report Abuse
trader no talk trade war, only talk roller coaster, more volatility the better for them.
==========================
not really....stock market is not a I win you lose situation....Bull market everyone wins, bear market everyone loses...no shorting in Malaysia.
2018-03-23 17:59
I am most comfortable, make the most money in a market that is not too bullish, not too bearish.
2018-03-23 18:01
after the last few months, people who call themselves value investors will not be so confident anymore.
Better be a trader like me.
for value investors underestimate the risks in small and mid caps.
2018-03-24 14:02
Sendai 87
Genting W 1.10
what trade war? what bear market? lol
looks like I can keep my Sendai until above $ 1.00 easy.
2018-03-26 09:19
extracted from above....
what about Wall Street and Dow Jones?
From experience, I say you can safely ignore Wall Street and Dow Jones 99% of the time. Counter trade is the most profitable 99% of the times. ...It is only 1% of the time that noises from Wall Street turns out to be real significant signals.
Pretend you don't even know Wall Street may be a good strategy.
Just have to remember....journalists and professors don't usually make money from the stock market. So, why worry so much what journalists and professors say? They are usually wrong any way.
21/03/2018 02:06
2018-03-26 22:00
if you managed to avoid the carnage of last few months, there is nothing else to do but to go do some shopping.....for trading, those RSI moving above 50%....for investors, what ever you like
2018-03-30 08:49
.Ever since I wrote that on 20 March, almost 100% perfect record, so what you think?
..what about Wall Street and Dow Jones?
From experience, I say you can safely ignore Wall Street and Dow Jones 99% of the time. Counter trade is the most profitable 99% of the times. ...It is only 1% of the time that noises from Wall Street turns out to be real significant signals.
Pretend you don't even know Wall Street may be a good strategy.
Just have to remember....journalists and professors don't usually make money from the stock market. So, why worry so much what journalists and professors say? They are usually wrong any way.
2018-04-13 10:35
This is traders' market....trade....do not have to be constrained, tied down
https://klse.i3investor.com/blogs/qqq3/151783.jsp
They say Hengyuan PE 3 is good....They also say Sapura lost $ 2 billion also good .....How?
2018-04-13 20:10
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qqq3
stones...write well does not mean can make money
write not so well does not mean cannot make money...
one more thing.....
recently it is definitely a traders' market and a lot of investors lose until no eye see.
2018-03-20 18:59