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.
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.
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.
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.
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.
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.
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.
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.
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?
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.
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
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.
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.
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.
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
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
.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.
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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....
Flintstones
1,762 posts
Posted by Flintstones > 2018-03-20 18:48 | Report Abuse
Are you better than kc chong?