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I just remembered... It's only advice to do naked shorts in a Pump and Dump situation. For example Polaris, it shoot up to 0.031 and I was there to naked short in down to 0.028, make a small coffee $$$. Bro ace333, usually spots Pump and Dump counters, then he happily collect $$$ while the rest collect dead bodies... Using CFD shorts is for longer period of down turn, like if u short Noble recently, think can rest enough for the month. But not all counters can short using CFD, done can Long only buy cannot Short. Also u need to have a margin balance in the account, otherwise Mr Broker will call up asking for a top-up. Thanks guys and what's the outlook for Monday? Looks bad weather... ☁ ☁ ☁ ⚡ ⚡ ⚡

 

Hi fellow bros and sifus, waw enjoy reading SJ so much... Was busy working the work day. So many advices and comments. I really appreciated all advices and comments and won't not be offended. Life is all about learnt and not making that same shit mistake over and over again. To be in the market to me is like what bro Stockcham said, it's like watching football and not betting... Like smoking when u knw it kills ur health, it's in our mind then we need to make something out of the market. Although my losses might seems small to some big brothers here, the most is a 50% deposit for a Japanese car, it still hurts when we lost. Honest, i couldnt sleep well since... always think why this and that... looser maybe??? Nevertheless, nv cry over spilled milk. Learnt and improve and one day we will be successful trader.
True, I make little in shorting, especially naked shorts. Most I had is 5 pips, unless its free fall like Yellowpages that time... Shiok. But the sudden up swing killed me big time. I keep shorting and shorting and when it swing up, I couldn't cover back in time. For CNA, I was tricked by faked buy queues, presume its going down, double my shorts and suddenly it sprank to life... So got murder there and thought life is back so when Long and after 2 pips, Buy queues came and the price plunged and silenced me for good. Not advice to do naked short, like a Kamikaze pilot. If u short sinamaras is good, make $$$. Better to long... Thanks guys and appreciate your thoughts and comments! Cheers guys! 🍻

 

You are right bro New123! I like to see it go up. Don't like the feeling of seeing it down. Up Up Up...so shiok! Huat ah bro!

New123      ( Date: 15-Jun-2013 23:26) Posted: Hi stockham , is Ok to stay out first if the mkt is volatile . Is safer to protect yr capital . Shorting is more tricky than long . CFD also has the risk of leveraging ,finance charge + topping up yr cash holding . Trade within yr means . Is better to try out on Demo account first. Stockcham      ( Date: 15-Jun-2013 22:46) Posted: Bro librajet, I think I know why.  I'm not in the stock market just to make money. Playing stocks in my interest and hobby. It is like smoking. We know it is not good for health, but if don't smoke cannot leh. Same as for stocks. If I don't have any stocks, then watching the market become meaningless. Like betting soccer. If I don't bet, then watching soccer is not interesting at all. So no matter how bad the market is, I must get involve. Don't get involve don't feel easy. Think must apply CFD soon so that can go the other way if market reverse. Do you have the same feeling as me...must be involve every trading day?. Lol! I think one way for me to control is to buy small. Frankly, it is easier to see how the BBs work and manipulate the stock than to see the soccer odds and plates opened by bookie.

 

Bro GorgeousOng, you are absolutely right. Analysing stocks movement and BBs trading pattern is really interesting. When we got it right, there is some achievement. Like playing cards, I don't like to play 3 cards 10 points win. I like to play card game like Chor Dai Di. Of course when we get it right, we count money..haha. If we get it wrong, we analyse where went wrong and correct it. Playing stocks is really an interesting game. Huat ah!

GorgeousOng      ( Date: 15-Jun-2013 23:06) Posted: I agree with you playing stock is not just making money alone . I find that play stock my "brain muscle"'getting strong over the years. We can take much more pressure than those who don't play stock. We are more confident and more radiant inside us. When we fall we bound back quickly We have never say die spirit! Playing stock mould our character!!!! I enjoy very much....so thrillllll Stockcham      ( Date: 15-Jun-2013 22:46) Posted: Bro librajet, I think I know why.  I'm not in the stock market just to make money. Playing stocks in my interest and hobby. It is like smoking. We know it is not good for health, but if don't smoke cannot leh. Same as for stocks. If I don't have any stocks, then watching the market become meaningless. Like betting soccer. If I don't bet, then watching soccer is not interesting at all. So no matter how bad the market is, I must get involve. Don't get involve don't feel easy. Think must apply CFD soon so that can go the other way if market reverse. Do you have the same feeling as me...must be involve every trading day?. Lol! I think one way for me to control is to buy small. Frankly, it is easier to see how the BBs work and manipulate the stock than to see the soccer odds and plates opened by bookie.

 

Hi stockham , is Ok to stay out first if the mkt is volatile . Is safer to protect yr capital . Shorting is more tricky than long . CFD also has the risk of leveraging ,finance charge + topping up yr cash holding . Trade within yr means . Is better to try out on Demo account first.

Stockcham      ( Date: 15-Jun-2013 22:46) Posted: Bro librajet, I think I know why.  I'm not in the stock market just to make money. Playing stocks in my interest and hobby. It is like smoking. We know it is not good for health, but if don't smoke cannot leh. Same as for stocks. If I don't have any stocks, then watching the market become meaningless. Like betting soccer. If I don't bet, then watching soccer is not interesting at all. So no matter how bad the market is, I must get involve. Don't get involve don't feel easy. Think must apply CFD soon so that can go the other way if market reverse. Do you have the same feeling as me...must be involve every trading day?. Lol! I think one way for me to control is to buy small. Frankly, it is easier to see how the BBs work and manipulate the stock than to see the soccer odds and plates opened by bookie. librajet      ( Date: 15-Jun-2013 15:17) Posted: Bro Stockcham, haha I have just shared with bro novic the same situation.Funny, after trading for so many years, we still make the same mistakes. Guess we really need to control ourselves and make more money. Lately, I like to read the action of players more than charts and reports, always got played out, strongly believe someone using it against us hehe. Hope u huat more bro, cheers

 

I agree with you playing stock is not just making money alone . I find that play stock my "brain muscle"'getting strong over the years. We can take much more pressure than those who don't play stock. We are more confident and more radiant inside us. When we fall we bound back quickly We have never say die spirit! Playing stock mould our character!!!! I enjoy very much....so thrillllll

Stockcham      ( Date: 15-Jun-2013 22:46) Posted: Bro librajet, I think I know why.  I'm not in the stock market just to make money. Playing stocks in my interest and hobby. It is like smoking. We know it is not good for health, but if don't smoke cannot leh. Same as for stocks. If I don't have any stocks, then watching the market become meaningless. Like betting soccer. If I don't bet, then watching soccer is not interesting at all. So no matter how bad the market is, I must get involve. Don't get involve don't feel easy. Think must apply CFD soon so that can go the other way if market reverse. Do you have the same feeling as me...must be involve every trading day?. Lol! I think one way for me to control is to buy small. Frankly, it is easier to see how the BBs work and manipulate the stock than to see the soccer odds and plates opened by bookie. librajet      ( Date: 15-Jun-2013 15:17) Posted: Bro Stockcham, haha I have just shared with bro novic the same situation.Funny, after trading for so many years, we still make the same mistakes. Guess we really need to control ourselves and make more money. Lately, I like to read the action of players more than charts and reports, always got played out, strongly believe someone using it against us hehe. Hope u huat more bro, cheers

 

Bro librajet, I think I know why.  I'm not in the stock market just to make money. Playing stocks in my interest and hobby. It is like smoking. We know it is not good for health, but if don't smoke cannot leh. Same as for stocks. If I don't have any stocks, then watching the market become meaningless. Like betting soccer. If I don't bet, then watching soccer is not interesting at all. So no matter how bad the market is, I must get involve. Don't get involve don't feel easy. Think must apply CFD soon so that can go the other way if market reverse.

Do you have the same feeling as me...must be involve every trading day?. Lol! I think one way for me to control is to buy small.

Frankly, it is easier to see how the BBs work and manipulate the stock than to see the soccer odds and plates opened by bookie.

librajet      ( Date: 15-Jun-2013 15:17) Posted: Bro Stockcham, haha I have just shared with bro novic the same situation.Funny, after trading for so many years, we still make the same mistakes. Guess we really need to control ourselves and make more money. Lately, I like to read the action of players more than charts and reports, always got played out, strongly believe someone using it against us hehe. Hope u huat more bro, cheers Stockcham      ( Date: 15-Jun-2013 14:05) Posted: Bro jie1313, I have loss about $19k in just a week of downturn. I know why I loss. My emotion overtook my discipline. I'm still trying to discipline myself more. I have improved a lot over the years but not enough. Another reason for my losses is because I always think that I still have enough profit, so I can try, again and again. Remember I said previously that I sold all 7 counters and loss $8k?. Why I sold all?. Because the market shows some sign of corection but my emotion tells me can try because if loss, still have decent profit left. If you have read my msg, I have sold all my counters not only once but I think 2-3 times.  If I am discipline, I won t loss this unnecessaty money. I have told myself before when correction comes and I loss a big sum of money in a day, I have to stop until the market fully recovers. But I didn't manage to do so. This is what I did wrong and this is the area I have to improve. I have made about $50k from April till before the correction starts. I'm still ok. It's just that the losses are unnecessary. These losses are hard earned money! I'm still happy at the moment because at least I still have profit left. In my younger days, I would have loss all my profit and maybe in negative sum already. Nevermind, there is still opportunity to make back. Good luck all

 

Bro iluvboost, I didn't loss millions lah. it is Bro librajet who loss that amount. I think with that million, can be substantial shareholder of some listed company. hahaha! Good luck bro!

iluvboost      ( Date: 15-Jun-2013 20:08) Posted: Agree, dont think ace can make much $ with intraday short. minus comm, maybe a few hundred, or max 1-2k during rare cases. like those early CNA/Glbyellowpages, lorenzo ramp up and dump scenarios. the risk to reward ratio is skewed. must glued to screen, not worth the extra efforts for little $. most halts are good news. Stockcham, can share yr story on the million loss? Quite substantial.   Heres a quiz i found on the internet which is useful to determine whether anyone is suitable to be successful trader. Do you worry a lot? Do you remain calm and relaxed in tense situations? Are you a trusting individual? Do you drive at or below the speed limit most of the time? Are you a perfectionist? Do you work on a project from start to end before beginning another one? Do you  like  to complete projects? Did you score well on your SATs, that is, do you possess above average intelligence? Do you like math or are a good problem solver? When driving and the stop light turns green, do you accelerate faster than the car next to you? Score one point for each " Yes" answer except on the first (#1) and last (#10) questions. Those should be " No." Add up your score. The higher the score the more likely it will be that you can become a successful trader.    The following describes the qualities that successful traders possess. Emotional stability.  You don't have to be nuts to trade, but it helps!    That is a joke, of course. Emotional stability is grace under pressure. A successful trader must be able to remain calm in difficult situations. Traders that rank very high on the emotional stability scale have very low anxiety levels, remain calm, relaxed, and have a low suspicion level. They tend to be trusting individuals and are not paranoid. You won't hear them blame the market makers for forcing the stock to hit their stop and they take responsibility for their actions. Successful traders tend to be well grounded.   Discipline.  Successful traders are ones that can follow the rules. They are the guys that drive the speed limit. They tend to be perfectionist and take pride in their work. They like to take a project from start to finish and get joy from completing it successfully. Pilots, trained to follow checklists, tend to make good traders. An impulse oriented individual will have difficulty achieving the discipline to become a successful trader.   Intelligence.  Bill says that successful traders tend to be intelligent. They need not have the IQ of Einstein but they are above average in intelligence. They tend to be good problem solvers and good with numbers, such as statistics. They understand that trading is based on probability, that not every trade will work as planned.   Stockcham      ( Date: 15-Jun-2013 18:51) Posted: Bro, it's debate time. haha! On link island issue, how many of these kind of case?. What will happen if Link island doesn't reopen and get delisted?. My broker somewhat said it is quite serious. Maybe you want to share about this. I want to know too. You mentioned about Ramba, how about ISDN?. Halt, gap up and chiong. Next day, Halt again, then gap up again... Ok, I see it this way for intraday shorting. 1) How many times halt is bad news and how many good news?. The good news should be more than the bad news?. Do you agree?. 2) How many pips can one made shorting intraday?. A counter usually moves up and down in a day. When one long a counter and it moves down, people usually can wait a while and it may moves up again. For people who short, if it moves up a little bit only, most rush to cover. How to make many pips. 3) On discipline issue. Auto force to trade intraday doesn't necessary settle discipline issue fully. Discipline is to cover back soon if it goes the other way round. Not wait for end of the day. 4) To short, one need to sit there and monitor the counter the whole day until you cover it regardless of which counter you short. But if you long, you only need to do so for very speculative counter on that day. How much time do we have to sit there?. 5) Can I ask bros here who play intraday short and long. Which is more difficult?. I believe many have experience themselves. Also, I want to ask bros here. Do you make more pips playing long or short?. How many time playing short can make 10 pips and above?. To short intraday, one need to be very experience like you Bro ace33 to do so. We can't always make a few pips only. Got to pay commission le. In a long run, not worth it if you compare the money you made shorting and the time use to sit there monitoring. If one want to short, must short using CFD. If not, not easy lah. Those who don't believe can try yourself. Huat ah

 

Ace333 which broker house are you using?

ace333      ( Date: 15-Jun-2013 01:48) Posted: still don't look good ......wait for opp to SHORT again.....esp if within 1st half hr break the 0.144-0.143-0.142........ novice_trader      ( Date: 15-Jun-2013 01:13) Posted: Guru short master ace333, I tried short at 0.151... No luck then only managed at 0.145, cover shorts at 0.142... Heng Ah! Make small profits to cover a mountain of losses. The wall at 0.142 cannot passed through. Sometimes if there is a big Buy queue doesn't mean it will go lower right? It went up instead as today. Looks like its not so easy to short sometimes, maany fake queues

 

to rephrase, intraday naked shorts can make $ in a severe downtrend scenario, ie, during crisis, the 2008, 1997, 2003, etc, where the markets are gapping down kind.

look at 2008 aug - nov charts, and see the slope down.

right now we are in a volatile period, no clear direction. for TA, STI still bullish, but once break 3000, we will be on downtrend.

shorts will be heavy then. 

iluvboost      ( Date: 15-Jun-2013 20:08) Posted: Agree, dont think ace can make much $ with intraday short. minus comm, maybe a few hundred, or max 1-2k during rare cases. like those early CNA/Glbyellowpages, lorenzo ramp up and dump scenarios. the risk to reward ratio is skewed. must glued to screen, not worth the extra efforts for little $. most halts are good news. Stockcham, can share yr story on the million loss? Quite substantial.   Heres a quiz i found on the internet which is useful to determine whether anyone is suitable to be successful trader. Do you worry a lot? Do you remain calm and relaxed in tense situations? Are you a trusting individual? Do you drive at or below the speed limit most of the time? Are you a perfectionist? Do you work on a project from start to end before beginning another one? Do you  like  to complete projects? Did you score well on your SATs, that is, do you possess above average intelligence? Do you like math or are a good problem solver? When driving and the stop light turns green, do you accelerate faster than the car next to you? Score one point for each " Yes" answer except on the first (#1) and last (#10) questions. Those should be " No." Add up your score. The higher the score the more likely it will be that you can become a successful trader.    The following describes the qualities that successful traders possess. Emotional stability.  You don't have to be nuts to trade, but it helps!    That is a joke, of course. Emotional stability is grace under pressure. A successful trader must be able to remain calm in difficult situations. Traders that rank very high on the emotional stability scale have very low anxiety levels, remain calm, relaxed, and have a low suspicion level. They tend to be trusting individuals and are not paranoid. You won't hear them blame the market makers for forcing the stock to hit their stop and they take responsibility for their actions. Successful traders tend to be well grounded.   Discipline.  Successful traders are ones that can follow the rules. They are the guys that drive the speed limit. They tend to be perfectionist and take pride in their work. They like to take a project from start to finish and get joy from completing it successfully. Pilots, trained to follow checklists, tend to make good traders. An impulse oriented individual will have difficulty achieving the discipline to become a successful trader.   Intelligence.  Bill says that successful traders tend to be intelligent. They need not have the IQ of Einstein but they are above average in intelligence. They tend to be good problem solvers and good with numbers, such as statistics. They understand that trading is based on probability, that not every trade will work as planned.   Stockcham      ( Date: 15-Jun-2013 18:51) Posted: Bro, it's debate time. haha! On link island issue, how many of these kind of case?. What will happen if Link island doesn't reopen and get delisted?. My broker somewhat said it is quite serious. Maybe you want to share about this. I want to know too. You mentioned about Ramba, how about ISDN?. Halt, gap up and chiong. Next day, Halt again, then gap up again... Ok, I see it this way for intraday shorting. 1) How many times halt is bad news and how many good news?. The good news should be more than the bad news?. Do you agree?. 2) How many pips can one made shorting intraday?. A counter usually moves up and down in a day. When one long a counter and it moves down, people usually can wait a while and it may moves up again. For people who short, if it moves up a little bit only, most rush to cover. How to make many pips. 3) On discipline issue. Auto force to trade intraday doesn't necessary settle discipline issue fully. Discipline is to cover back soon if it goes the other way round. Not wait for end of the day. 4) To short, one need to sit there and monitor the counter the whole day until you cover it regardless of which counter you short. But if you long, you only need to do so for very speculative counter on that day. How much time do we have to sit there?. 5) Can I ask bros here who play intraday short and long. Which is more difficult?. I believe many have experience themselves. Also, I want to ask bros here. Do you make more pips playing long or short?. How many time playing short can make 10 pips and above?. To short intraday, one need to be very experience like you Bro ace33 to do so. We can't always make a few pips only. Got to pay commission le. In a long run, not worth it if you compare the money you made shorting and the time use to sit there monitoring. If one want to short, must short using CFD. If not, not easy lah. Those who don't believe can try yourself. Huat ah

 

Agree, dont think ace can make much $ with intraday short. minus comm, maybe a few hundred, or max 1-2k during rare cases. like those early CNA/Glbyellowpages, lorenzo ramp up and dump scenarios.

the risk to reward ratio is skewed. must glued to screen, not worth the extra efforts for little $.

most halts are good news.

Stockcham, can share yr story on the million loss? Quite substantial.

  Heres a quiz i found on the internet which is useful to determine whether anyone is suitable to be successful trader.

1. Do you worry a lot?
2. Do you remain calm and relaxed in tense situations?
3. Are you a trusting individual?
4. Do you drive at or below the speed limit most of the time?
5. Are you a perfectionist?
6. Do you work on a project from start to end before beginning another one?
7. Do you  like  to complete projects?
8. Did you score well on your SATs, that is, do you possess above average intelligence?
9. Do you like math or are a good problem solver?
10. When driving and the stop light turns green, do you accelerate faster than the car next to you?

Score one point for each " Yes" answer except on the first (#1) and last (#10) questions. Those should be " No." Add up your score. The higher the score the more likely it will be that you can become a successful trader. 

 

The following describes the qualities that successful traders possess.

1. Emotional stability.  You don't have to be nuts to trade, but it helps!    That is a joke, of course. Emotional stability is grace under pressure. A successful trader must be able to remain calm in difficult situations. Traders that rank very high on the emotional stability scale have very low anxiety levels, remain calm, relaxed, and have a low suspicion level. They tend to be trusting individuals and are not paranoid. You won't hear them blame the market makers for forcing the stock to hit their stop and they take responsibility for their actions. Successful traders tend to be well grounded.


 
2. Discipline.  Successful traders are ones that can follow the rules. They are the guys that drive the speed limit. They tend to be perfectionist and take pride in their work. They like to take a project from start to finish and get joy from completing it successfully. Pilots, trained to follow checklists, tend to make good traders. An impulse oriented individual will have difficulty achieving the discipline to become a successful trader.


 
3. Intelligence.  Bill says that successful traders tend to be intelligent. They need not have the IQ of Einstein but they are above average in intelligence. They tend to be good problem solvers and good with numbers, such as statistics. They understand that trading is based on probability, that not every trade will work as planned.

 

Stockcham      ( Date: 15-Jun-2013 18:51) Posted: Bro, it's debate time. haha! On link island issue, how many of these kind of case?. What will happen if Link island doesn't reopen and get delisted?. My broker somewhat said it is quite serious. Maybe you want to share about this. I want to know too. You mentioned about Ramba, how about ISDN?. Halt, gap up and chiong. Next day, Halt again, then gap up again... Ok, I see it this way for intraday shorting. 1) How many times halt is bad news and how many good news?. The good news should be more than the bad news?. Do you agree?. 2) How many pips can one made shorting intraday?. A counter usually moves up and down in a day. When one long a counter and it moves down, people usually can wait a while and it may moves up again. For people who short, if it moves up a little bit only, most rush to cover. How to make many pips. 3) On discipline issue. Auto force to trade intraday doesn't necessary settle discipline issue fully. Discipline is to cover back soon if it goes the other way round. Not wait for end of the day. 4) To short, one need to sit there and monitor the counter the whole day until you cover it regardless of which counter you short. But if you long, you only need to do so for very speculative counter on that day. How much time do we have to sit there?. 5) Can I ask bros here who play intraday short and long. Which is more difficult?. I believe many have experience themselves. Also, I want to ask bros here. Do you make more pips playing long or short?. How many time playing short can make 10 pips and above?. To short intraday, one need to be very experience like you Bro ace33 to do so. We can't always make a few pips only. Got to pay commission le. In a long run, not worth it if you compare the money you made shorting and the time use to sit there monitoring. If one want to short, must short using CFD. If not, not easy lah. Those who don't believe can try yourself. Huat ah! ace333      ( Date: 15-Jun-2013 15:58) Posted: bro 2 things to tink abt shorting intraday....1 auto force u to trade intraday....win or lose u will 90% cover so tat settles discipline problem. 2 if suddenly halt very scary meh? u tink always gd news? lol.....ramba halted at 0.78 when open gap down. very long time ago i SHORTED links island just 10lots at abt $1.10 then halted ....worse still it became suspended......BUT 2 yrs later reopen and the sgx buyin my naked shorts at abt 0.50...FORCE me to take 6k profits....LOLOLOLO

 

Bro, it's debate time. haha! On link island issue, how many of these kind of case?. What will happen if Link island doesn't reopen and get delisted?. My broker somewhat said it is quite serious. Maybe you want to share about this. I want to know too. You mentioned about Ramba, how about ISDN?. Halt, gap up and chiong. Next day, Halt again, then gap up again...

Ok, I see it this way for intraday shorting.

1) How many times halt is bad news and how many good news?. The good news should be more than the bad news?. Do you agree?.

2) How many pips can one made shorting intraday?. A counter usually moves up and down in a day. When one long a counter and it moves down, people usually can wait a while and it may moves up again. For people who short, if it moves up a little bit only, most rush to cover. How to make many pips.

3) On discipline issue. Auto force to trade intraday doesn't necessary settle discipline issue fully. Discipline is to cover back soon if it goes the other way round. Not wait for end of the day.

4) To short, one need to sit there and monitor the counter the whole day until you cover it regardless of which counter you short. But if you long, you only need to do so for very speculative counter on that day. How much time do we have to sit there?.

5) Can I ask bros here who play intraday short and long. Which is more difficult?. I believe many have experience themselves. Also, I want to ask bros here. Do you make more pips playing long or short?. How many time playing short can make 10 pips and above?. To short intraday, one need to be very experience like you Bro ace33 to do so. We can't always make a few pips only. Got to pay commission le.

In a long run, not worth it if you compare the money you made shorting and the time use to sit there monitoring. If one want to short, must short using CFD. If not, not easy lah. Those who don't believe can try yourself.

Huat ah!

ace333      ( Date: 15-Jun-2013 15:58) Posted: bro 2 things to tink abt shorting intraday....1 auto force u to trade intraday....win or lose u will 90% cover so tat settles discipline problem. 2 if suddenly halt very scary meh? u tink always gd news? lol.....ramba halted at 0.78 when open gap down. very long time ago i SHORTED links island just 10lots at abt $1.10 then halted ....worse still it became suspended......BUT 2 yrs later reopen and the sgx buyin my naked shorts at abt 0.50...FORCE me to take 6k profits....LOLOLOLOL Stockcham      ( Date: 15-Jun-2013 09:29) Posted: Bro novice, you are absolutely right. But to short requires full time monitoring which only those full time traders can do so.  It is very difficult for people like me to  do so because we have to work.  Besides that, intraday is very difficult to make money. I have tried a few times before. If using CFD may be easier. Another negative point of shorting is that one has to pray hard that the counter don't halt. The money one makes from shorting a few counters may not be sufficient to cover the losses from halted counters. I will prefer to either be selective in stock picking or sit aside until market recovers.  It is individual style of playing. No right  or wrong.

 

Ace... care to share what fines or penalties are imposed by sgx assuming the stock got halt and suspend like in your case.

ace333      ( Date: 15-Jun-2013 15:58) Posted: bro 2 things to tink abt shorting intraday....1 auto force u to trade intraday....win or lose u will 90% cover so tat settles discipline problem. 2 if suddenly halt very scary meh? u tink always gd news? lol.....ramba halted at 0.78 when open gap down. very long time ago i SHORTED links island just 10lots at abt $1.10 then halted ....worse still it became suspended......BUT 2 yrs later reopen and the sgx buyin my naked shorts at abt 0.50...FORCE me to take 6k profits....LOLOLOLOL Stockcham      ( Date: 15-Jun-2013 09:29) Posted: Bro novice, you are absolutely right. But to short requires full time monitoring which only those full time traders can do so.  It is very difficult for people like me to  do so because we have to work.  Besides that, intraday is very difficult to make money. I have tried a few times before. If using CFD may be easier. Another negative point of shorting is that one has to pray hard that the counter don't halt. The money one makes from shorting a few counters may not be sufficient to cover the losses from halted counters. I will prefer to either be selective in stock picking or sit aside until market recovers.  It is individual style of playing. No right  or wrong.

 

bro 2 things to tink abt shorting intraday....1 auto force u to trade intraday....win or lose u will 90% cover so tat settles discipline problem. 2 if suddenly halt very scary meh? u tink always gd news? lol.....ramba halted at 0.78 when open gap down. very long time ago i SHORTED links island just 10lots at abt $1.10 then halted ....worse still it became suspended......BUT 2 yrs later reopen and the sgx buyin my naked shorts at abt 0.50...FORCE me to take 6k profits....LOLOLOLOL

Stockcham      ( Date: 15-Jun-2013 09:29) Posted: Bro novice, you are absolutely right. But to short requires full time monitoring which only those full time traders can do so.  It is very difficult for people like me to  do so because we have to work.  Besides that, intraday is very difficult to make money. I have tried a few times before. If using CFD may be easier. Another negative point of shorting is that one has to pray hard that the counter don't halt. The money one makes from shorting a few counters may not be sufficient to cover the losses from halted counters. I will prefer to either be selective in stock picking or sit aside until market recovers.  It is individual style of playing. No right  or wrong.    novice_trader      ( Date: 15-Jun-2013 01:59) Posted: Bros, have it crossed our minds why we didn't cut lost out positions and immediately go and short it? At least we can make back our losses??? For me it's Sinamars, slide from 0.86 all the way to 0.75, if cut lost at 0.84 the short it I would have make $$$ as well... Just some thinking of my mistakes and how to improve. I just held on and sold at 0.75, stupid... Then just lay dead and cry mother cry father over the losses. Think that's why some ppl make $$$ in both good and bad market times.

 

Bro Stockcham, haha I have just shared with bro novic the same situation.Funny, after trading for so many years, we still make the same mistakes. Guess we really need to control ourselves and make more money. Lately, I like to read the action of players more than charts and reports, always got played out, strongly believe someone using it against us hehe. Hope u huat more bro, cheers

Stockcham      ( Date: 15-Jun-2013 14:05) Posted: Bro jie1313, I have loss about $19k in just a week of downturn. I know why I loss. My emotion overtook my discipline. I'm still trying to discipline myself more. I have improved a lot over the years but not enough. Another reason for my losses is because I always think that I still have enough profit, so I can try, again and again. Remember I said previously that I sold all 7 counters and loss $8k?. Why I sold all?. Because the market shows some sign of corection but my emotion tells me can try because if loss, still have decent profit left. If you have read my msg, I have sold all my counters not only once but I think 2-3 times.  If I am discipline, I won t loss this unnecessaty money. I have told myself before when correction comes and I loss a big sum of money in a day, I have to stop until the market fully recovers. But I didn't manage to do so. This is what I did wrong and this is the area I have to improve. I have made about $50k from April till before the correction starts. I'm still ok. It's just that the losses are unnecessary. These losses are hard earned money! I'm still happy at the moment because at least I still have profit left. In my younger days, I would have loss all my profit and maybe in negative sum already. Nevermind, there is still opportunity to make back. Good luck all! jie1313      ( Date: 15-Jun-2013 11:49) Posted: With the recent bloodshed, how r u bros' portfolio now..? I am staring at $4k realised loss and a paper loss thats making my knees weak. Sigh

 

Bro jie1313, I have loss about $19k in just a week of downturn. I know why I loss. My emotion overtook my discipline. I'm still trying to discipline myself more. I have improved a lot over the years but not enough. Another reason for my losses is because I always think that I still have enough profit, so I can try, again and again. Remember I said previously that I sold all 7 counters and loss $8k?. Why I sold all?. Because the market shows some sign of corection but my emotion tells me can try because if loss, still have decent profit left. If you have read my msg, I have sold all my counters not only once but I think 2-3 times.  If I am discipline, I won t loss this unnecessaty money. I have told myself before when correction comes and I loss a big sum of money in a day, I have to stop until the market fully recovers. But I didn't manage to do so. This is what I did wrong and this is the area I have to improve. I have made about $50k from April till before the correction starts. I'm still ok. It's just that the losses are unnecessary. These losses are hard earned money! I'm still happy at the moment because at least I still have profit left. In my younger days, I would have loss all my profit and maybe in negative sum already. Nevermind, there is still opportunity to make back. Good luck all!

jie1313      ( Date: 15-Jun-2013 11:49) Posted: With the recent bloodshed, how r u bros' portfolio now..? I am staring at $4k realised loss and a paper loss thats making my knees weak. Sigh

 

Bro novice, dont get offended, I have observe your postings and tradings for some time, you resemble very much of me in the past, jump in ever so ready, many counters, short without knowing why, never stop trading, but once market reverse, cry and ask why why why (thats me). I have lost million (true) before, thats no good. I did stop for a few years trying to understand where I go wrong, then I found out this.....no offence to others too.   Playing long with market dropping is not wise, you can buy more with the same money when its cheaper. Contra can make you fast money but also destroy you fast. Nowaday, I only keep a few stocks but alway ready to sell when market turns unless they show good support or potential. As for short term, I dont keep many counters, two at the most, so even market weak, I wont get cut badly, rem is easy to say why I didnt do this and that after the session, but you are not in the right mind when trading. Many sifus make money, I believe but not every trades.

Bro, exercise cautious when trading, market is always there. Market can use what general knows and get you , sometime I uses human thinking to trade. Buy after some correction (yes, It might get lower) but waiting for buyers to shout or rebound, leave when people starts to greed. Rem tis, you can never buy at the cheapest and sell at the highest, having some regular coffee is enuf. Wait for better day brother. Again pls dont get offended, my little opinion.

novice_trader      ( Date: 15-Jun-2013 11:16) Posted: Bro Stockcham, once market rebound, are mid caps stocks a better pick?

 

With the recent bloodshed, how r u bros' portfolio now..? I am staring at $4k realised loss and a paper loss thats making my knees weak. Sigh

 

Bro Stockcham, once market rebound, are mid caps stocks a better pick?

 

Naked short hard to make decent money unless, play big lots, and short zun zun at resistance. Theres the possibility of halt like what bro Stockcham say.

CFD short is much better. those shorted capitaland, singtel, m1, reits at their recent peaks till now must be laughing to the bank. at least can make 60k per counter.

  once market rebound, switch to long, make double. the climb up will be fast and furious as everyone will be covering their cfd shorts, incl institutions and BB. 

Stockcham      ( Date: 15-Jun-2013 09:29) Posted: Bro novice, you are absolutely right. But to short requires full time monitoring which only those full time traders can do so.  It is very difficult for people like me to  do so because we have to work.  Besides that, intraday is very difficult to make money. I have tried a few times before. If using CFD may be easier. Another negative point of shorting is that one has to pray hard that the counter don't halt. The money one makes from shorting a few counters may not be sufficient to cover the losses from halted counters. I will prefer to either be selective in stock picking or sit aside until market recovers.  It is individual style of playing. No right  or wrong.    novice_trader      ( Date: 15-Jun-2013 01:59) Posted: Bros, have it crossed our minds why we didn't cut lost out positions and immediately go and short it? At least we can make back our losses??? For me it's Sinamars, slide from 0.86 all the way to 0.75, if cut lost at 0.84 the short it I would have make $$$ as well... Just some thinking of my mistakes and how to improve. I just held on and sold at 0.75, stupid... Then just lay dead and cry mother cry father over the losses. Think that's why some ppl make $$$ in both good and bad market times.