
Entry price is very important ... very easy to get shaken out if entry is wrong. In the past, with lack of experience and greed I tend to enter on market price. It worked well during the bull market before the financial crisis. Everything I hit, mostly it made a profit due to the crazy bull market. But I quickly gave everything back when the bull was over.
Nowadays every time I enter a trade, I've always told myself that my number 1 priority is not to lose money and to protect my capital. Making profit is 2nd. If the price is not at a level I'm willing to pay, I'm happy to give it a pass. I only enter a trade when the price is giving me the opportunity to enter at the lowest possible risk.
Very sad...  I missed my long @1.28 today by one click... 
    Low was 1.285...  but I am usually very strict with my orders... lol...

chartreader ( Date: 03-Aug-2012 14:27) Posted:
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nice post   on genting sp -- got entry & exit prices   & time frame to play   & even what wrts to buy   , , all ahead of time       --      http://sgxswinger.blogspot.sg/
covered short @ 1.285 for some coffee money ... long yanlord, golden agri
US and Asia seems to be holding up well and shrugging off the sell off in Europe yesterday.
 
iPunter ( Date: 02-Aug-2012 22:26) Posted:
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Do u think Genting SP can sustain at current level?
genting might be steadying itself for a support at $1.29-$1.30 until the results are out
Sifu is absolutely correct about that...
    In stocks, " cheap" is just a meaningless word.
          In stocks, people are buying and selling their own belief... 

edchai ( Date: 03-Aug-2012 08:08) Posted:
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nothing is cheap in stock market, people buy because they believe its value.
 
The concept of " cheap" is the most dangerous thing in stocks play, even for market veterans...
      This idea has caused many to go into deep depression, if not commit suicide...

If that really happens, it could also be coinciding with something happening
    in the world at the same time, though it may not. But all in all,
        stock-betting is a dicey game for novices to play (" mo sng-sng" )... 

Zhiwei ( Date: 02-Aug-2012 22:52) Posted:
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WOW ...84 cent ...sell house sell car also must buy lor ...keke LOL
risktaker ( Date: 02-Aug-2012 17:52) Posted:
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Ok noted tks!
risktaker ( Date: 02-Aug-2012 17:52) Posted:
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Buy Buy Buy...
Tomorrow may be your chance...  

chartreader ( Date: 02-Aug-2012 22:05) Posted:
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Hope to cover my Genting short at a good price :-) ....
iPunter ( Date: 02-Aug-2012 22:02) Posted:
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Definitely.. stock markets involved human emotion which I always mentioned many times at my blog http://star-trader.blogspot.sg , to my subscribers on the lesson I shared and even to the the  forum here..
If you have observed some of my old posting here, I will always mentioned   
"   ..exit when you reap  a profit and don't hold on till it falls below the price you bought when you feel the price can go higher.." This is called greed..
" ..plan your entry and exit price before entering a stock.." This is called planning..
Those resort to betting or luck  , I only believe laziness,want to earn quick money and stubborness to learn that will only happen to them. :)
Anyway, my personal view only..
Star-Trader
iPunter ( Date: 01-Aug-2012 05:50) Posted:
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This kind of shock market action (Europe) is rather scary... and ominous...
 

Europe index make a sudden sharp U turn from green to red ... Looks like the market pullback that I anticipate is about to happen 
New123 ( Date: 02-Aug-2012 15:59) Posted:
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nice post   on genting sp entry & exit   --    http://sgxswinger.blogspot.sg/
If genting is making 1.2 cents per share half year eps is 3 cents ..... Let's give a rough estimate that 3rd quarter earnings is 1.3 cents and 4th quarter is 1.7 cents because of seasonal effects ..... Our full year eps is 6 cents.....
Trading at 1.20 is over 20x PE which makes this stock rather expensive .......
Genting sp may drop to 14-16x PE trading range soon..... Which is Around 84-96 cents...... Good luck ..... Within 6 months .....
That is why it seems our gambling sector has mature and seems to be slowing down..... So growth has reached its limit ...... RWS is looking for other opportunity .... To grow ..... That could explain why they are interested in echo .......
Good luck ...... Genting play is over at least for now.
Just my point of view.
Trading at 1.20 is over 20x PE which makes this stock rather expensive .......
Genting sp may drop to 14-16x PE trading range soon..... Which is Around 84-96 cents...... Good luck ..... Within 6 months .....
That is why it seems our gambling sector has mature and seems to be slowing down..... So growth has reached its limit ...... RWS is looking for other opportunity .... To grow ..... That could explain why they are interested in echo .......
Good luck ...... Genting play is over at least for now.
Just my point of view.
New123 ( Date: 02-Aug-2012 15:59) Posted:
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