Latest Posts By elfinchilde
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About elfinchilde
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| 12-Jan-2008 13:40 |
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Fellowship of the Shares
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hi tuatow....chotto....slow down....like what livermore and baseerahmed said, don't be in a hurry to recover your loss. in the market, when one acts in haste, that is likely to lead to more mistakes. Livermore is right, when he says that different people have different styles. Some of us are better at trading, some are better at long term holding and value investing. You need first of all to know yourself: what triggers your impulsive buys, what makes you sell. And then to correct behaviour: find a strategy that works and stick with it. Long term investing/trading in the stock market is not about tips--after a while, you'll realise that 90% of tips cannot be trusted. Think about it, if even your coffeeshop auntie knows it, how real a 'tip' can it be? And in the end, everyone must take their own responsibilities for their own buy/sell decisions. In this kind of anonymous forums, there will always be ppl with vested interests. Caveat emptor applies to everything. Rather than tips, it is skill and strategy that must be learnt, in order to survive long in the market. This can be TA, FA or whatever mix--as long as it is a style that works for you. Let's not kid ourselves: There is no easy way to make money in the stock market. Unless you're a BB. So, at risk of sounding like an old windbag, education is key. Livermore's strategy is excellent if you are the patient type, who cannot take much shocks, and who like steady returns. But if you find yourself itching to play all the time, and panicking when things drop and rushing to sell (when you should be buying), then perhaps that's not the style for you. |
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| 11-Jan-2008 23:48 |
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Fellowship of the Shares
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well, like what they say, "if you're lost, the stock market is an expensive place to find yourself." haha. tuatow, may be better to proportion out your capital, see what % to be put into safer instruments, what % into risk, and what risk you can stomach for what you want in return. it's money management that is most impt. $ that is lost, is known as tuition fees. so make it worthwhile; we've all paid our part. don't keep brooding abt it, or want 'revenge'--that's the worst way to approach the market. keep rationality above all. am still learning along the way. cheers! |
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| 11-Jan-2008 18:05 |
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Fellowship of the Shares
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haha. i'm definitely in need of a drink. *#&$^(*#&^$(*&# civil service job. @*()&#(@*&#*@&* .....wail.......in one word: politics. i'm an elf! i'm not made for this! 
blue.....all blue...... meh meh mehhhhhhhhh..... *deflated* tuatow, we have no mailing list. and note that everyone will offer advice, but what you need most to do is to have a trading/investing strategy, and to STICK WITH IT. in this climate, my advice is go for blue chips. learn either TA or FA. or both if you are able. Never buy on tips or analysts reports. after a while (esp if you can read busd data), you'll realise that for certain counters, analysts call buy, but behind the retailers backs, they're selling. follow the trend, do what they do, not what they say. best general advice i got and am passing on. cheers! and relax, it's only money, it can be earned back. wonder what happened to jasonfaxingliu? |
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| 11-Jan-2008 15:19 |
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Fellowship of the Shares
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haha. huatah: temperamental elf--oh yea, most definitely. my bros here can vouch for me. i'm alternatively hyper and morose. heh. on the plus side, it certainly helps in understanding the irrationality of the market! heehee. |
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| 11-Jan-2008 15:17 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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eh, huatah, i suggest we take this over to the fellowship thread...irrelevant topic to sti... *@&)&# index!!! thank goodness not in warrants for this period of time... |
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| 11-Jan-2008 15:15 |
YZJ Shipbldg SGD
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handon trading...
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no prob huatah. if you actually do manage to huat ah, ya can buy me a drink! hahahahahhaha. :P good luck anyhow. tough market this Q. think safety and capital protection first. |
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| 11-Jan-2008 15:09 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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lol. sometimes, GA is the best thing to use. haha. anw, the lady obliges. posted on yzj thread already; lets not bug the other forumers here. haha. cheers! separately, i think the new index is crazy. fluctuates worse than this temperamental elf. haha. |
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| 11-Jan-2008 15:07 |
YZJ Shipbldg SGD
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handon trading...
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this one goes out to huatah... :P yzj: support is at ~1.74. doesn't look like it's going to hold tho. chart-wise, it has formed a M top, with lower low definitive. If you're caught and not worth to cut loss (altho for me, i usu choose cut), then the first strike is ~1.6, second at ~1.34-1.4. Go slow for DCA! don't whack all at one shot pls...live chicken, not dead tiger! good luck! 
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| 11-Jan-2008 14:43 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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oop, paiseh. used the term so often that i forget have to explain. DCA = dollar cost averaging. it's a technique used by value investors, rather than traders. but i find it works for traders who happen to be caught in a counter. briefly, it's about averaging down, so you bring down your cost px lower. note that it'll only work for (likely) blues and counters with good fundamentals tho. some stocks will just tank and tank and stone for years (mostly the pennies). as a trader, if you opt for DCA rather than cut loss, it means the differential between current px and lowest possible is less than the loss if you were to cut now. take sembcorp as a hypothetical eg: if bought at 5.40 x 2 lots. = $10,800. current px = 5.06. ie, a cut loss => $680. but lowest sci is likely to go to is 4.88 (nov low), then perhaps 4.64 in a panic drop (but unlikely--same day recovery on aug 17 was to 5.05). ie, makes more sense to put a second strike in at 4.88 x 2. reserve further cash for 4.64 x 2. So worst case scenario = 6 lots of sci at ave px of ~4.97. considering the TP of sci is about 6.5, that's a worthwhile buy. plus, collect divvie along the way too. and technically speaking, for sci to hit back 5.2 is not a problem. ie, you'd profit (5.2 -4.97) x 6 = 1,380. hence in this scenario, more worthwhile to DCA than to cut loss. PS: huatah, i'm watching yzj anw, so will just let ya know if i think it's turning. no prob. caveat emptor as always tho; pls don't take me as a guru or being always right, cos that, i definitely am not! hehe. |
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| 11-Jan-2008 14:27 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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...macro view: may be wise not to trust any short term tech rebound that happens today. major US data out tonight; dow may not be able to hold up: ie, fresh wave of selling in spore on mon. track px of gold as a weathervane: it's shooting beyond its resistance like nobody's biz. that's an idea of long term (ie, til march at least), how the BBs think the market will be. (gold runs counter to stock market). |
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| 11-Jan-2008 14:23 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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heylo huatah (man, i like your nick! hehe), getting caught: it's ok, it happens to the best of us. just gotta learn the lesson. may not be worthwhile to cut now tho, since if you bought at previous high 2.50+, the loss is less worthwhile to take than a DCA strategy when the stock goes to its lowest. assuming you have funds to put in. pls be psychologically prepared for it to go much lower tho....as in 1.30-1.50s range....just stay calm. DCA strategy may work better if you're caught in this baby. good luck! :) caveat emptor as always yea.. |
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| 11-Jan-2008 13:44 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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update: yl, yzj tanking still. those tempted to enter, may be better to wait first. appears to have started a new downtrend. sama sama sgx. support at 10.7 with this new dip. trade with care. |
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| 11-Jan-2008 13:42 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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cos the new index is only 30 stocks now, cf to 47 before. means it's much easier to manipulate the counters now (by % weightage). of the 30 component stocks, a lot (sci, sgx) are actually breaking lower bollie already. seems to me that today it's held up only by capland and singtel. ie, major manipulation going on.... i don't know the individual weightages. but it just doesn't seem to tally. sgx, sembcorp and ocbc/other banks down; should have brought down the index by a lot more. plus, 188 gainers vs 475 losers, why's the index still positive? mathematically, it doesn't add up... conclusion: new sti is not representative of general market. need to choose other weathervanes already.... |
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| 11-Jan-2008 13:34 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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got a question: is the index actually accurate? cos if you look at the individual counters, a lot are down; but it's not reflected in the index? is the index's rise solely due to capland and singtel? the rest of the blues are down/minimally up....doesn't seem to tally.....*blur* |
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| 11-Jan-2008 09:13 |
Ossia Intl
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Ossia
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lol. this ain't about onesupmanship, or whose method is better lah. everyone will have their own opinions on how to trade/invest. as long as it makes money for you, don't listen to other ppl. we each trade according to our own personalities, that is all. it's a wide market; lots of ways to make money. just do what's best for yourself. time is your friend in the market, if you are young/started young. elf is sub-30, and have been trading for abt 10 years. just work it out cumulatively; law of compounded returns. everyone thinks buffett makes a lot, but really he just makes 15% pa on average. compound that over 40 years. that's realism. cheers! :) |
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| 10-Jan-2008 22:56 |
Others
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Disappointing Share Trading from 10 Jan 08
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lol. let's give them a break lah. with any electronic system, some initial teething problems can be expected. just as long as they solve it asap, that'll do! :) |
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| 10-Jan-2008 22:55 |
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Disappointing Share Trading from 10 Jan 08
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yea. sama sama. i locked out all index warrants yest just to be safe. with warrants, one bid can make a lot of dif. esp the speed at which they move. will be avoiding them for the time being. let sgx settle down first. do wish the brokerage houses could give the STI on their sites tho; would make monitoring much easier! think it's sgx. if they do not permit the brokerage sites to link to it, the brokerage sites can't provide the feed even if they want to? |
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| 10-Jan-2008 22:45 |
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Disappointing Share Trading from 10 Jan 08
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urgh. i hope it's soon man. you're right; it's very unconducive to have to trade from one site and watch indices from another. actually, i'm wondering if the warrants today were accurate... |
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| 10-Jan-2008 22:41 |
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DOW
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whoo hoo. and we open with uncle sam down 75pts. let's see feddie speech at 2 am spore time... cashiertan, with 12,500 breached, it's an either or: fresh leg of selling to lower low, or new wave of investors in to sweep it up high. can note tho that the range is getting lower, if you look at long term pic. note just my opinion. i'm not an expert, and i don't claim to be so. |
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| 10-Jan-2008 22:36 |
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Fellowship of the Shares
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nah, don't think it's a matter of being conservative/not... just that at times, the posts here can seem topically male-dominated. so kinda uninteresting, at least to me.. of course, freedom of speech tho! don't gotta pander to the females/anyone. shd wish for forumers to still keep polite tho. etiquette. but otherwise, this website's for everyone! keke. go sj!! :)))) |
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