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Shares of rig builders rose on Thursday as oil prices were lifted by data showing big drops in US inventories and by signs that authorities in Europe were moving to prop up its ailing banking sector.
Tmr may see 90 cents soon if Dow closed green again..
Ah I clear first too. Just fooling around.
dc16888 ( Date: 05-Oct-2011 10:51) Posted:
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quite scary, took 9 months to reached peak @ 1.58, two months fell to bottom,..0.79..
http://www.tradestockdiary.blogspot.com
http://www.holistichealingnatural.blogspot.com
It is still a good company. I think longer term it will still be able to rise above $1. Their PE is low.Any weakening of prices will be good to consider to buy back some...
Howe123 ( Date: 04-Oct-2011 22:50) Posted:
u seem had reversed yr earlier optmistic view on stx, is it u cut loss all yr STX today?
New123 ( Date: 04-Oct-2011 20:44) Posted:
| Keep your money safely under your pillow. Let go of short term loss/pain and rebuild your cash to take advantage of mkt sell-down |
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shows bullish signal, think at least can achieve around falling window, but....downtrend still intact. cheers
http://www.tradestockdiary.blogspot.com
http://www.holistichealingnatural.blogspot.com
u seem had reversed yr earlier optmistic view on stx, is it u cut loss all yr STX today?
New123 ( Date: 04-Oct-2011 20:44) Posted:
Keep your money safely under your pillow. Let go of short term loss/pain and rebuild your cash to take advantage of mkt sell-down.
Joe2020 ( Date: 04-Oct-2011 19:44) Posted:
| he
headline of this educational feature pertains not to swimming but to
trading. Most professional traders do not hold onto their losing
positions for very long. Once a trading position goes " under water" most
professional traders will immediately begin looking for an exit
strategy-if they do not already have one in place (and most do) via
protective stops. I
had lunch with my trading mentor the other day and he shared a very
good story with me. It went something like this: There once was a trader
whose trading decisions were based upon using a " plumb-bob." (For those
who have never worked on a construction site or in the land-surveying
business, a plumb-bob is a turnip-shaped weight that is attached to a
string to help determine if a structure is straight.) When this trader
dangled the plumb-bob and it swung back and forth from north to south,
he would buy. If the trader dangled the plumb-bob and it swung back and
forth from east to west, he would sell. The trader had success using
this methodology--with one simple rule applied: At the end of the first
day, if his position was " under water," he exited his trade first thing
the next trading day. The moral of
the story is: Traders can (and do) have all kinds of trading strategies,
but prudent money management is paramount. In other words, cut losses
short! Over the years I have received
emails and telephone calls from traders who were way " under water" and
had not prudently liquidated their losing trading positions. These
traders were " hoping" the markets would turn around and losses would be
reversed. Any time a trader has losses which are so big that " hope"
comes into play, it's usually a situation where prudent money management
has not been employed. It's also
important to mention that traders who know they have waited way too long
to exit a losing position should not think already-big losses can't get
even bigger--much bigger. I've heard many traders say, " Well, I've lost
so much already that now I might as well wait for the market to turn
around because it can't go much farther against me." That's a recipe for
disaster and potential financial ruin. This is where the saying, " Never
meet a margin call" comes into play. If a trader gets a margin call
from his or her broker, it's best just to close out the losing position
and look for trading opportunities in other markets. I've
often mentioned the old trading adage: " A market will do anything and
everything possible to frustrate the largest amount of traders." Guess
who are the traders that get most frustrated? It's the ones who are
hanging on to losing trading positions, waiting and hoping for the
market to turn around so they can get their money back. " I just want to
get back to even" is a desperate quote that comes from some traders who
are under water. That " hope" is usually never realized. One
of the most interesting aspects of trading futures is that there are a
few basic and effective rules that have been used by successful traders
for years. However, adhering to these rules on a continual basis can be
most difficult for many traders--including the experienced veterans. Why
is this? It is because some of the most effective rules in futures
trading go against the grain of human nature. Indeed, the " psychology of
trading" plays such an important role in trading success.
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To invest means to make money grow.
In the stock market, there are 2 ways to invest:-
By longing, and by shorting.
After one has been expert in longing, one can
then start to play shorting, but not before.
To be expert in longing means to know when to sell what one has bought...
Keep your money safely under your pillow. Let go of short term loss/pain and rebuild your cash to take advantage of mkt sell-down.
Joe2020 ( Date: 04-Oct-2011 19:44) Posted:
| he
headline of this educational feature pertains not to swimming but to
trading. Most professional traders do not hold onto their losing
positions for very long. Once a trading position goes " under water" most
professional traders will immediately begin looking for an exit
strategy-if they do not already have one in place (and most do) via
protective stops. I
had lunch with my trading mentor the other day and he shared a very
good story with me. It went something like this: There once was a trader
whose trading decisions were based upon using a " plumb-bob." (For those
who have never worked on a construction site or in the land-surveying
business, a plumb-bob is a turnip-shaped weight that is attached to a
string to help determine if a structure is straight.) When this trader
dangled the plumb-bob and it swung back and forth from north to south,
he would buy. If the trader dangled the plumb-bob and it swung back and
forth from east to west, he would sell. The trader had success using
this methodology--with one simple rule applied: At the end of the first
day, if his position was " under water," he exited his trade first thing
the next trading day. The moral of
the story is: Traders can (and do) have all kinds of trading strategies,
but prudent money management is paramount. In other words, cut losses
short! Over the years I have received
emails and telephone calls from traders who were way " under water" and
had not prudently liquidated their losing trading positions. These
traders were " hoping" the markets would turn around and losses would be
reversed. Any time a trader has losses which are so big that " hope"
comes into play, it's usually a situation where prudent money management
has not been employed. It's also
important to mention that traders who know they have waited way too long
to exit a losing position should not think already-big losses can't get
even bigger--much bigger. I've heard many traders say, " Well, I've lost
so much already that now I might as well wait for the market to turn
around because it can't go much farther against me." That's a recipe for
disaster and potential financial ruin. This is where the saying, " Never
meet a margin call" comes into play. If a trader gets a margin call
from his or her broker, it's best just to close out the losing position
and look for trading opportunities in other markets. I've
often mentioned the old trading adage: " A market will do anything and
everything possible to frustrate the largest amount of traders." Guess
who are the traders that get most frustrated? It's the ones who are
hanging on to losing trading positions, waiting and hoping for the
market to turn around so they can get their money back. " I just want to
get back to even" is a desperate quote that comes from some traders who
are under water. That " hope" is usually never realized. One
of the most interesting aspects of trading futures is that there are a
few basic and effective rules that have been used by successful traders
for years. However, adhering to these rules on a continual basis can be
most difficult for many traders--including the experienced veterans. Why
is this? It is because some of the most effective rules in futures
trading go against the grain of human nature. Indeed, the " psychology of
trading" plays such an important role in trading success.
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UBS - Swiss biggest bank on it huge $2.3 billion rogue trading loss.
Only last mth, Switzerland's biggest bank warned that it might be forced to report an overall loss for the three months ending in Sept in light of unauthorized trading from London-based trader 31 yo. Kweku Adoboli.
teeth53 thot: Till today. Traders, as many still don understand trade mentality. " cut losses short" .
UBS weatlh mgt just got one such trader.
This is what "
The Art of Gentle Losing" is about.
Excellent article worthy of being framed and relished...
he
headline of this educational feature pertains not to swimming but to
trading. Most professional traders do not hold onto their losing
positions for very long. Once a trading position goes " under water" most
professional traders will immediately begin looking for an exit
strategy-if they do not already have one in place (and most do) via
protective stops. I
had lunch with my trading mentor the other day and he shared a very
good story with me. It went something like this: There once was a trader
whose trading decisions were based upon using a " plumb-bob." (For those
who have never worked on a construction site or in the land-surveying
business, a plumb-bob is a turnip-shaped weight that is attached to a
string to help determine if a structure is straight.) When this trader
dangled the plumb-bob and it swung back and forth from north to south,
he would buy. If the trader dangled the plumb-bob and it swung back and
forth from east to west, he would sell. The trader had success using
this methodology--with one simple rule applied: At the end of the first
day, if his position was " under water," he exited his trade first thing
the next trading day.
The moral of
the story is: Traders can (and do) have all kinds of trading strategies,
but prudent money management is paramount. In other words, cut losses
short!
Over the years I have received
emails and telephone calls from traders who were way " under water" and
had not prudently liquidated their losing trading positions. These
traders were " hoping" the markets would turn around and losses would be
reversed. Any time a trader has losses which are so big that " hope"
comes into play, it's usually a situation where prudent money management
has not been employed.
It's also
important to mention that traders who know they have waited way too long
to exit a losing position should not think already-big losses can't get
even bigger--much bigger. I've heard many traders say, " Well, I've lost
so much already that now I might as well wait for the market to turn
around because it can't go much farther against me." That's a recipe for
disaster and potential financial ruin. This is where the saying, " Never
meet a margin call" comes into play. If a trader gets a margin call
from his or her broker, it's best just to close out the losing position
and look for trading opportunities in other markets.
I've
often mentioned the old trading adage: " A market will do anything and
everything possible to frustrate the largest amount of traders." Guess
who are the traders that get most frustrated? It's the ones who are
hanging on to losing trading positions, waiting and hoping for the
market to turn around so they can get their money back. " I just want to
get back to even" is a desperate quote that comes from some traders who
are under water. That " hope" is usually never realized.
One
of the most interesting aspects of trading futures is that there are a
few basic and effective rules that have been used by successful traders
for years. However, adhering to these rules on a continual basis can be
most difficult for many traders--including the experienced veterans. Why
is this? It is because some of the most effective rules in futures
trading go against the grain of human nature. Indeed, the " psychology of
trading" plays such an important role in trading success.
Opened gap down -4ct, closed @0.825, trade summary, players keen to profiting then to hold for a another day.
Opening gap down again
-4ct, @0.825, persistant fear on Greece misses it ability to meet its debt obligations,
| STXOSV |
CPF |
|
Op-0.805 |
Cls-0.825 |
-0.020 |
-2.4% |
Vol-24,397,000 |
57,000 |
0.825 |
0.830 |
415,000 |
Hi-0.875 |
Lo-0.790 |
teeth53 ( Date: 03-Oct-2011 20:16) Posted:
Wishes players understanding on how mkt behave, pending risk appetite or how hungry is in their losses?. To withstand losses over short term, or to cut losses is a question, a matter much oneself are willlingly to pay.
1st day-3rd Oct(Mon), open gap > -4ct, Last Friday closed @0.940, still unable to withstand mkt sell down.
| STXOSV |
CPF |
|
Op-0.900 |
Cls-0.845 |
-0.095 |
-10.1% |
Vol-24,641,000 |
198,000 |
0.845 |
0.850 |
35,000 |
Hi-0.905 |
Lo-0.845 |
iPunter ( Date: 01-Oct-2011 13:09) Posted:
Newbies must be aware that those who ask people to buy
will not be responsible to you if you lose a lot of money later...
Stocks is all about betting... no matter how optimistic
or pessimistic people are...It is only for those who
can afford to lose big without it affecting
their lives... so better take care...
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Thanks. Market is very volatile and there is no logic when panic selling sets in.
It was the Japan earthquake that is partly to blame for the downturn. Many companies could not get the electronic parts they needed, but I guess in 3 months all will be okay with Japan, so they claim.
bishan22 ( Date: 04-Oct-2011 15:11) Posted:
Come back again when opportunity knocks at your door. Good luck. 
Summers3 ( Date: 04-Oct-2011 14:53) Posted:
You are right . I just took profit at 87 cents. wonder if I sold too early. but small profit better than big loss. Will buy back later again.
The recovery is across the board luckily |
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S$0.64
nIce chErry
Come back again when opportunity knocks at your door. Good luck.
Summers3 ( Date: 04-Oct-2011 14:53) Posted:
You are right . I just took profit at 87 cents. wonder if I sold too early. but small profit better than big loss. Will buy back later again.
The recovery is across the board luckily.
s100125 ( Date: 04-Oct-2011 10:11) Posted:
For those who have extra cash , best time to buy is when everyone is selling.
Many crisis do come and go.
Market will stabilized and rebound when the dust settle. |
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