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Good point there. You always have something for us to learn.....
alexchia01 ( Date: 05-Apr-2011 12:50) Posted:
I agree with you.
What I meant by " changing bad luck to good luck" is when a trader goes into a position and if the market turn against him, he should be able to switch his position so as to minimize his loses and capitalized on the market changes to make a profit.
If the bad luck is personal i.e., he is emotionally effected by something and cannot see clearly. Whatever he trades he losses money and he don't know the reason why he is losing money, then he has to stop trading, take a step back and re-group himself first.
louis001 ( Date: 05-Apr-2011 12:35) Posted:
Quote " An experience trader can change bad luck into good luck." ....hello, a bad luck is still a bad luck, cannot change...when one has a series of bad luck, one has to pause/stop to observe and rethink, than hopefully, good luck will come, there is this thing call time lapse, let the time or market change it, not the trader, if this is what you meant. whether it is 50/50 or 70/30 or 60/40, everyone is different, no two persons are the same.
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I agree with you.
What I meant by " changing bad luck to good luck" is when a trader goes into a position and if the market turn against him, he should be able to switch his position so as to minimize his loses and capitalized on the market changes to make a profit.
If the bad luck is personal i.e., he is emotionally effected by something and cannot see clearly. Whatever he trades he losses money and he don't know the reason why he is losing money, then he has to stop trading, take a step back and re-group himself first.
louis001 ( Date: 05-Apr-2011 12:35) Posted:
Quote " An experience trader can change bad luck into good luck." ....hello, a bad luck is still a bad luck, cannot change...when one has a series of bad luck, one has to pause/stop to observe and rethink, than hopefully, good luck will come, there is this thing call time lapse, let the time or market change it, not the trader, if this is what you meant. whether it is 50/50 or 70/30 or 60/40, everyone is different, no two persons are the same.
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Part 2 for u: Casino will win in long run because of their house edge %(51%+ to 75%+) and we cannot perform any skill that can help us win over casino even 0.5%. Stock market edge is zero sum game but with broker fees that we had to pay for every trade. But with years of knoweldge and experience we will win more and lose less in long run. Eg, u bet a 100 horse race and u bet on 1 or 2 good strong fundamental horse that u think will win out somedays. And the best part is u can bet and hold till your horse turn champion or runner up somedays without paying bet every round. Ya, in stock market our best odds % is holding, that why warren buffett become world no1 investor. Day trader give up their holding power a lot by hit and run(and with short term market is unpredictable while long term is much predictable) With every trade need to pay broker fees and everytime when they earn a bit and out make them bang wall if px keep going up. Or worse, when they buy and px drop, they cut lose and bang wall again if px U-turn up laughing at them. Be a investor can had more advantage and more profit in long run(100%+) but it can be very boring. A trader best part is everyday had different sexy girl to play and very exciting, but u cant earn that much compare to investor style, or worse trading fees more than what u earn in the end. Different player different view/thinking/strategy that make up of world stock market psychology, is either u eat others or others rape u. But there is another new kind of investor/player that had best of both world, i wont said so much liao. The best advise i can give u is dont touch the market first, go study/read/research more and dont take up the what call $2000 to $5000 course that up on newspaper everday, u think less than 1 week can make u a super profitable trader to financial freedom? Dont be stupid dumb dumb, then we all skill player can all eat sai liao. If u got patience, go study well first( many investor book cheaply at bookstore and library). If u got discipline, dont touch market first after u had study well and know what to do(skill with foresight). If u dont had the 2 basic, i think u go casino better, and maybe 1 day u will top the newspaper notice bankrupt list(just joking :) Without skill u r wasting your bullet shooting at nothing, with skill u will shoot at what u want, what u like, and what u see...
warrenbegger ( Date: 04-Apr-2011 19:23) Posted:
Bruce Lee philosophy about martial art. Stage 1, when people learn kungfu, it very easy. A punch is a punch, a kick is a kick. Stage 2, they start to get more knoweldge, learn more and more complex move. Now a punch is not a punch, a kick is not a kick anymore. Stage 3, after they learn all what they had to learn and get more exprience. They tell themself, it easy, a punch is a punch and a kick is just a kick, it so easy. Stage 4, only those who master and see beyond know this, so i tell also no use. (as i also havent reach this stage yet, it super hard, only those real master investor legend had reach this stage 4) In stock market many lose because they havent clear stage 1 and many still struck at stage 2, those lucky had reach stage 3 and the rare can reach stage 4. Dont worry, win or lose just be happy. Cause happy life and happy family is more important in life till your last breath. If u lucky can find a master that can teach u all the shortcuts and the right way, u can be success in less than 2 years. If u master it, give u 10,000 can turn into 100,000+. If u dont master it, give u 100,000+ can turn into 10,000---. All depend on U to chose what way U want :)
Valtron ( Date: 04-Apr-2011 17:40) Posted:
| Any full time trader in this forum trading SG stock market? Can share your success here? Thanks. |
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Quote " An experience trader can change bad luck into good luck." ....hello, a bad luck is still a bad luck, cannot change...when one has a series of bad luck, one has to pause/stop to observe and rethink, than hopefully, good luck will come, there is this thing call time lapse, let the time or market change it, not the trader, if this is what you meant. whether it is 50/50 or 70/30 or 60/40, everyone is different, no two persons are the same.
To me it's 70/30... 70% experience and 30% skills.
An experience trader can change bad luck into good luck.
des_khor ( Date: 05-Apr-2011 11:40) Posted:
I am still believe in 50/50 rule.... 50% luck and 50% skill.
alexchia01 ( Date: 05-Apr-2011 11:38) Posted:
It's possible, but not easy.
It's not something that can be learned by going to school or read books.
It's like riding a bicycle. You can get someone to teach you or you can read books, but ultimately, you still have get on the bicycle, fall many times, bleed (hopefully not fall or bleed to death) before you get a hang of it.
But once you know it, you can ride for the rest of your life.
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I am still believe in 50/50 rule.... 50% luck and 50% skill.
alexchia01 ( Date: 05-Apr-2011 11:38) Posted:
It's possible, but not easy.
It's not something that can be learned by going to school or read books.
It's like riding a bicycle. You can get someone to teach you or you can read books, but ultimately, you still have get on the bicycle, fall many times, bleed (hopefully not fall or bleed to death) before you get a hang of it.
But once you know it, you can ride for the rest of your life.
hotokee ( Date: 05-Apr-2011 10:03) Posted:
If this is possible, then many people also want it and retire early.
I wish to add that even though the danger of investment in stocks lurks, if one's hand is itchy and he has some spare money, then putting a small amount in good stocks as a long term investment, it should be ok, but it would not make him rich, unless you are very lucky and hit the right patch.. To be rich, one has to depend on hard work and savings and not the Sg stock market. Maybe in other more transparent markets, I don't know if there are such markets., as I have not explore that. |
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It's possible, but not easy.
It's not something that can be learned by going to school or read books.
It's like riding a bicycle. You can get someone to teach you or you can read books, but ultimately, you still have get on the bicycle, fall many times, bleed (hopefully not fall or bleed to death) before you get a hang of it.
But once you know it, you can ride for the rest of your life.
hotokee ( Date: 05-Apr-2011 10:03) Posted:
If this is possible, then many people also want it and retire early.
I wish to add that even though the danger of investment in stocks lurks, if one's hand is itchy and he has some spare money, then putting a small amount in good stocks as a long term investment, it should be ok, but it would not make him rich, unless you are very lucky and hit the right patch.. To be rich, one has to depend on hard work and savings and not the Sg stock market. Maybe in other more transparent markets, I don't know if there are such markets., as I have not explore that.
Valtron ( Date: 05-Apr-2011 09:57) Posted:
| Seem like this topic is getting alot of replies which bring in alot of opinions from everyone and is very good to hear that. I'm thinking of whether is there anyone who actually do trading and not investing successfully as a living. I'm not asking for much, maybe one month achieve $2.5k to $4k? If it is too difficult as sometimes the market is up sometimes it is down, then how about $30k annually? I am curious does anyone who had actually did it. I had friend who is trading fulltime but I am not sure how successful is him as he does not share his secret of trading, that's why I post this question to everybody.
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normally when u mau..
high chance tat u will get maued :P
Not to scare you. But many remisiers I know personally never had a good life. Always look depressed and broke. Honest. None really like P.Lim, or can achieve the status of P. Lim because they have different stories in their lives.
des_khor ( Date: 05-Apr-2011 11:19) Posted:
Agreed !! hair also drop !! so stress !!
louis001 ( Date: 05-Apr-2011 11:14) Posted:
so if one's living expenses about $2500 per month, and he can generate that equal or more monthly average income, than he is sucessful, and if one's living expenses about $6000 per month, and he can only generate monthly average income of $5000, than he is a failure, isn't it ? bear in mind that average to mean there are some high income months and some low or no income months.
trading for a living as full time trader is one of the toughest in the world....no company welfare benefits, no year-end bonus and dinner and dance....it's not for anyone or everyone. talk to those who conduct so called trading and investment preview seminars for public to find out more for yourself...maybe these people can claim they are successful in the trading and can share their success advice ? |
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Agreed !! hair also drop !! so stress !!
louis001 ( Date: 05-Apr-2011 11:14) Posted:
so if one's living expenses about $2500 per month, and he can generate that equal or more monthly average income, than he is sucessful, and if one's living expenses about $6000 per month, and he can only generate monthly average income of $5000, than he is a failure, isn't it ? bear in mind that average to mean there are some high income months and some low or no income months.
trading for a living as full time trader is one of the toughest in the world....no company welfare benefits, no year-end bonus and dinner and dance....it's not for anyone or everyone. talk to those who conduct so called trading and investment preview seminars for public to find out more for yourself...maybe these people can claim they are successful in the trading and can share their success advice ??
Valtron ( Date: 05-Apr-2011 09:30) Posted:
| I mean by success as in, trading SG stock market full-time whereby you are not working for somebody and still manage to generate income from the stock market as a living.
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so if one's living expenses about $2500 per month, and he can generate that equal or more monthly average income, than he is sucessful, and if one's living expenses about $6000 per month, and he can only generate monthly average income of $5000, than he is a failure, isn't it ? bear in mind that average to mean there are some high income months and some low or no income months.
trading for a living as full time trader is one of the toughest in the world....no company welfare benefits, no year-end bonus and dinner and dance....it's not for anyone or everyone. talk to those who conduct so called trading and investment preview seminars for public to find out more for yourself...maybe these people can claim they are successful in the trading and can share their success advice ??
Valtron ( Date: 05-Apr-2011 09:30) Posted:
I mean by success as in, trading SG stock market full-time whereby you are not working for somebody and still manage to generate income from the stock market as a living.
louis001 ( Date: 04-Apr-2011 22:51) Posted:
interesting question...how do you define " success" ? in terms of figures : X-percentage of profitable trades, consistent positive portfolio gain, or average X-thousands dollar income per month ? OR in terms of life style : big house, big car, regular overseas holiday... ? OR family fullfillment, happiness, freedom,,,,OR some/all of the above OR something else |
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I prefer marry rich, got pretty and sexy wife plus rich...wew...day dream
hotokee ( Date: 05-Apr-2011 10:20) Posted:
Born rich, yes but try not to die poor for it becomes a waste. Hehehe.
Salute ( Date: 05-Apr-2011 10:18) Posted:
I prefer the born rich. look at the daughter and son of royal sporting house, they open a big candies store at their 20 something y-o. and many others. Born rich can have well balanced cooked food thus good complexion......and.....and...
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Born rich, yes but try not to die poor for it becomes a waste. Hehehe.
Salute ( Date: 05-Apr-2011 10:18) Posted:
I prefer the born rich. look at the daughter and son of royal sporting house, they open a big candies store at their 20 something y-o. and many others. Born rich can have well balanced cooked food thus good complexion......and.....and...
artng25 ( Date: 05-Apr-2011 10:09) Posted:
3 old fashion ways of getting filthy rich quick,
- Born rich
- Marry rich
- Get lucky in the stock market
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I prefer the born rich. look at the daughter and son of royal sporting house, they open a big candies store at their 20 something y-o. and many others. Born rich can have well balanced cooked food thus good complexion......and.....and...
artng25 ( Date: 05-Apr-2011 10:09) Posted:
3 old fashion ways of getting filthy rich quick,
- Born rich
- Marry rich
- Get lucky in the stock market
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Superlative. More transparent. Too transparent..Hehehe.
rickyw ( Date: 05-Apr-2011 10:12) Posted:
what u meant transparent? is sg market not transparent enough? hahaha
hotokee ( Date: 05-Apr-2011 10:03) Posted:
If this is possible, then many people also want it and retire early.
I wish to add that even though the danger of investment in stocks lurks, if one's hand is itchy and he has some spare money, then putting a small amount in good stocks as a long term investment, it should be ok, but it would not make him rich, unless you are very lucky and hit the right patch.. To be rich, one has to depend on hard work and savings and not the Sg stock market. Maybe in other more transparent markets, I don't know if there are such markets., as I have not explore that. |
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what u meant transparent? is sg market not transparent enough? hahaha
hotokee ( Date: 05-Apr-2011 10:03) Posted:
If this is possible, then many people also want it and retire early.
I wish to add that even though the danger of investment in stocks lurks, if one's hand is itchy and he has some spare money, then putting a small amount in good stocks as a long term investment, it should be ok, but it would not make him rich, unless you are very lucky and hit the right patch.. To be rich, one has to depend on hard work and savings and not the Sg stock market. Maybe in other more transparent markets, I don't know if there are such markets., as I have not explore that.
Valtron ( Date: 05-Apr-2011 09:57) Posted:
| Seem like this topic is getting alot of replies which bring in alot of opinions from everyone and is very good to hear that. I'm thinking of whether is there anyone who actually do trading and not investing successfully as a living. I'm not asking for much, maybe one month achieve $2.5k to $4k? If it is too difficult as sometimes the market is up sometimes it is down, then how about $30k annually? I am curious does anyone who had actually did it. I had friend who is trading fulltime but I am not sure how successful is him as he does not share his secret of trading, that's why I post this question to everybody.
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3 old fashion ways of getting filthy rich quick,
- Born rich
- Marry rich
- Get lucky in the stock market
I forgot to say that yes you can be rich and make as much money possible if you are under the 3 categories of people I mentioned earlier.
If this is possible, then many people also want it and retire early.
I wish to add that even though the danger of investment in stocks lurks, if one's hand is itchy and he has some spare money, then putting a small amount in good stocks as a long term investment, it should be ok, but it would not make him rich, unless you are very lucky and hit the right patch.. To be rich, one has to depend on hard work and savings and not the Sg stock market. Maybe in other more transparent markets, I don't know if there are such markets., as I have not explore that.
Valtron ( Date: 05-Apr-2011 09:57) Posted:
| Seem like this topic is getting alot of replies which bring in alot of opinions from everyone and is very good to hear that. I'm thinking of whether is there anyone who actually do trading and not investing successfully as a living. I'm not asking for much, maybe one month achieve $2.5k to $4k? If it is too difficult as sometimes the market is up sometimes it is down, then how about $30k annually? I am curious does anyone who had actually did it. I had friend who is trading fulltime but I am not sure how successful is him as he does not share his secret of trading, that's why I post this question to everybody.
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Seem like this topic is getting alot of replies which bring in alot of opinions from everyone and is very good to hear that. I'm thinking of whether is there anyone who actually do trading and not investing successfully as a living. I'm not asking for much, maybe one month achieve $2.5k to $4k? If it is too difficult as sometimes the market is up sometimes it is down, then how about $30k annually? I am curious does anyone who had actually did it. I had friend who is trading fulltime but I am not sure how successful is him as he does not share his secret of trading, that's why I post this question to everybody.
