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Genting Sing Last:0.735

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If Genting SP could clear the yesterday resistance at $2.02 , it may test another resistance at $2.08 today .

Bintang ( Date: 24-Nov-2010 13:36) Posted:

The resistance now is at $2.02 .

Bintang ( Date: 23-Nov-2010 10:44) Posted:

The critical support becomes resistance when the uptrend becomes the down trend .

dow up 150+ points T_T. why is it so tempting!

can you guys hear it? it is calling me to come~ come~ jump in now!

chill everyone.

i agree with both side, here is my POV. it is only after losing cash real cash in the market, then 1 does become more matured. if not 1 will just use the demo account and play it like a game, after all VIRTUAL. but having experience the pain and loss in reality, 1 will be in a better position and more experience to view this virtual account as somemore more than just a demo.

lose liao just restart and learn nothing. everything just mau big big. every sign just wack all. which is hardly any learning.

but having lost real money, 1 will start to plan, draw out a game plan, and test it using the demo.

thats my view on demo accounts.

if you nv felt the pain before, the demo MIGHT not be of use to you if you just view it as a restartable virtual game.

peace out!

and all the time i thought full proof was supposed to be FOOL proof. haha.

i not buying indo agri liao. my YELL says all, i doing paper trading liao. after losing so much of my money, it is time to sit back, relax, learn and apply in a less painful environment. must learn to restrain my greed of jumping in, even though demo cant replicate fear.

a case of a newbie BB, who does not diversify. banging on 1 counter to profit, or die trying

Gaecia ( Date: 25-Nov-2010 01:02) Posted:

whoa u reali truck loaded gsp huh, we r speechless..

i oso wish it will chiong..okay u go find gsp's catalyst tmr yup? i'm on your side, just dun short it anymore Lol!

cannotfind ( Date: 25-Nov-2010 00:39) Posted:

ooopppsssss forgot my SRS also.... total 120lots.... everyone must WIN tomorrow!

whoa u reali truck loaded gsp huh, we r speechless..

i oso wish it will chiong..okay u go find gsp's catalyst tmr yup? i'm on your side, just dun short it anymore Lol!

cannotfind ( Date: 25-Nov-2010 00:39) Posted:

ooopppsssss forgot my SRS also.... total 120lots.... everyone must WIN tomorrow!!

cannotfind ( Date: 25-Nov-2010 00:38) Posted:

tomorrow GEN please cheong....... all and all now combined... I have 100lots.... I hope CLIMB to 2.35.......

ooopppsssss forgot my SRS also.... total 120lots.... everyone must WIN tomorrow!!

cannotfind ( Date: 25-Nov-2010 00:38) Posted:

tomorrow GEN please cheong....... all and all now combined... I have 100lots.... I hope CLIMB to 2.35.......

HI i like to contribute on precaution on trading.

I was on positive cash balance while trading in a margin account. I was about to buy out the margin stock when my broker coerced me to hold on to it as i have a positive balance and it was a good stock. While i have to rely on his opinion i didnt keep track of my transactions as it was only available through monthly statements perhaps of their third world technology.

True enough was nuked by the recent events, i was exposed to margin and all i hear from my broker was of his opinion that it was for "MY INTERESTS" to hold the good stock in margins.

Things changed faster u could imagined, while i have FAITH(blind?) in the good stock and not sold the good stock he insisted i have lost my cash balance he started thundering annoying calls (not margin) once red marks are observed and reminding me on the margin interests raining in fast and furiously in a bid to i guess to offer his new opinion on my good stock

Do exercise caution to these things...

Thanks to iPunter for your realistic advices.

This one really precious gem of wisdom. So true.

But, why nothing can change human behaviour?

iPunter ( Date: 24-Nov-2010 08:33) Posted:

Familiarity with charts is one thing...

But that is only half the story...

When playing shares,

it is more important to cultivate and develop one's character.

Because one can be expert in charts, arcane indicators, etc

but ultimately, one's character as demonstrated in one's stock play,

And that really determines the final outcome...

But then, nothing can change human behaviour... Smiley

bladez87 ( Date: 23-Nov-2010 22:31) Posted:

quite hard for me, day work, night study. weekend got classes.

but ya i know must spend time on charts. sigh

Wat a relief, u meant, STI will cheong liao ah? OK, will watch d trend closely n act accordingly, tks sifu advice. Cheers.

rabbitfoot ( Date: 24-Nov-2010 23:49) Posted:

US jobless claims at 2-year LOW. How were we 2 years ago ? I remember having sleepless nights during the Lehman debacle. Thank God , what a Relief now !

Re Daniel.

   If one will scour through the comments in this forum,

      I am sure one can find many nuggets and gems of wisdom

          by the many Sifus who post here... Smiley

Leinad, maybe what Gaecia and iPunter meant was newbies still got to pick up the correct skills on top of trying demo accounts? Coz perhaps SOME newbies just try for fun, think can earn then proceed to whack big after that. They are not saying that demo accounts are wrong, just that without learning the right skills newbies won't benefit much also from the demo account and might intend cause them more harm instead. I know you are mainly referring to bladez, who already know charts etc, thus demo account is good for him to practice. Miscommunication here? Chill everyone. :)

Leinadgnow ( Date: 24-Nov-2010 23:27) Posted:

I don't understand why are u so mad ?? All I said was for a better alternative and suggestions if any of u do have ! :) lol it's funny though .. After all this is constructive learning right ?? It's good to voice out your opinions and ask fr better advice .. Maybe generation gap lol :p .. I never said either of u were wrong what hahaha all I said was for any better suggestions so we can all learn .. Why so defensive ??... Did I not agree as well ?? I just dun see the point in making sweeping statements without giving something constructive as a better alternative as well if u can't read between Ipunters line what he is saying that it is wrong and that it would make people lose money and more cash accounts were certain to be blown out following that method .. Hence I ask for better alternatives :)

Does a strong dow mean u can buy commodities in the morning then sell fast? But normally things don't turn out the way it's supposed to be.. Even if check USD fall on forex also not really confirm right?

While a demo account is good for newbies to get

    the hang and feel of the mechanics of entering and exiting,

       it does not the least function as a 'simulator' platform for the real psychological

        dynamics present in real world live trading with one's own precious money.

          Believe me, they are two entirely different ball games... Smiley

Rabbit .. If u can't even do it properly without fear or greed how can u even do it in the real market !?? Hence my point to that u shld first get the fundamentals right first with a demo account .. I admit u are right and so is ipunter but dun u think that if u can't even trade properly on a demo much less with the emotions kicking in ?? Gaecia it is not meant as an attack on neither u not ipunter I'm just saying that knowledge and education shld be free for all and that pruma are to share insights and thoughts to better oneself and not merely making sweeping statements nor agreeing/disagreeing as well as for tips / advice .. It's for people to read how u think .. And make an educated and informed choice for themselves .. Shouldn't it ?? I'm not a seer .. A predictor nor a critic I just think knowledge and information should be shared and learnt .. Free for all who seeks it ..

rabbitfoot ( Date: 24-Nov-2010 23:22) Posted:

Playing fake account can never replicate our 2 greatest enemies : FEAR & GREED.

Gaecia ( Date: 24-Nov-2010 23:10) Posted:

Daniel, I'd asked Bladez to take on a demo a/c becos he cannot continue trading 'live' like this. Did I not? I also mentioned the pitfalls that SOME newbies can potentially make. By posting and highlighting to them serves as a slogan of Caution. There is no 100% protection anyone can shield them whether newbies or seasoned investors from this market.

You think we're no good in our comments nor its not heartfelt? Geez, just who is acting like a critic? Be thankful that we're bothered enough to forewarn.

Did u buy in any?? or Hold??

bladez87 ( Date: 24-Nov-2010 22:41) Posted:

indo agri very strong reversal sign! lol

I don't understand why are u so mad ?? All I said was for a better alternative and suggestions if any of u do have ! :) lol it's funny though .. After all this is constructive learning right ?? It's good to voice out your opinions and ask fr better advice .. Maybe generation gap lol :p .. I never said either of u were wrong what hahaha all I said was for any better suggestions so we can all learn .. Why so defensive ??... Did I not agree as well ?? I just dun see the point in making sweeping statements without giving something constructive as a better alternative as well if u can't read between Ipunters line what he is saying that it is wrong and that it would make people lose money and more cash accounts were certain to be blown out following that method .. Hence I ask for better alternatives :)

To benefit from proper instruction,

it is necessary for stock market newbies

to attend a structured course of coaching

by a mature person/s, such as the one proposed by BT.

A forum like this is hardly a right platform for a purpose,

and for the simple reason that there may be many who disagree

with what is expressed. Smiley

Leinadgnow ( Date: 24-Nov-2010 22:57) Posted:

okay.. so rather than say this comments gaecia and ipunter.. what do you propose/ suggest for the people who would like to learn and get hands on experience from?
Would you rather not recommend them a demo account than to see them go into the real market naked and un-learned? I think rather then saying that it's WRONG or it's not very healthy/ useful for new punters to go demo . how about a better suggestion? Constructive criticism.