Shares Trading - Tips, Insider News, Market News, etc
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Think I will start by going to the library first… Thanks for all the tips!
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Edureach:
One of my all time favourites is \"Reminiscence of a Stock Operator\" by Jessie Levimore. It details how buying and selling should be done and the factors determining the general market conditions. Though this book was first published approximately 90 yrs ago, i see the technicals and price actions that moved stocks during that period still relevance in today's market.
In this industry, this is a classic! -
MadScientist:
thanks....but since closing of positions within a day means small gains,
:boogie:Augmum:
hi-five...absolutely agree with yr 5 points.......
me too..... a trader more than an investor......
i closed all my positions by the end of the day, esp futures
as for stocks, would hold overnite if it shows a long white candle......
Nice... scalper!
oh yeah... share with you something... remove the colours of the candles... would help psychologically.
unless days with big swings....
remove the color of the candles ?? meaning w/o black or white ??
what if mistaken black candle as white.....oh dear....
would like to hear fr u as to how the removal of colors of candles help u ..... -
Edureach:
edureach, me only a small player lah,Wah, Augmum MadScientist are both season traders, Good!
My style, cyclical investor with 2-3 yrs holding equities on an uptrend, stockpicking primarily using FA and timing using TA. Normally like to start picking stocks approx 9-12 months after major sell down of major blue chips and complete buying in 12-18 mths to ensure my reading is correct, prefer to buy on the way up. Much prefer a concentrated porfolio as oppose to diversification to outpeform the broad mkt.
As for trading, more of a position trader dubbling in US stock indices.
can't hold a candle to those seasoned big boys 
Oh…..so u ‘re a cyclical investor, juz like my hub, me juz the opp of him….
it 's more sensible to buy only after the trend reversal up, rather than trying to catch a falling knife.....
but personally, i would prefer to buy at the tail-end of the big 5 waves down , (yes, an elliott wave fan, any1 here ??)
juz like the prominent 5 waves down of STI from 07 to 09,
but was rather stubborn to execute the trade becos i was still waiting for a failed subwave,
so missed the buying at 1450……
only stepped in at ard 1800 after the pull back....
any1 of u manage to scrap some at 1450…. ..?? -
BlurBee:
:hi5: to yr hub, ah bee.
:hi5:Augmum:
me too..... a trader more than an investor......
i closed all my positions by the end of the day, esp futures
as for stocks, would hold overnite if it shows a long white candle......
My DH also close his position everyday.
so does he trade everyday ?? -
MadScientist:
that's right madscientist......i only get to really know myself after all these trading.....
It does not sound stupid...
Many people get burnt cos they never knew themselves...
So did I.
Now that I am ahead of the journey, I can tell you that it is important. How you buy shares, react, manage, and panic, etc. all comes down to who you really are... All masks stripped, totally naked. Understanding how you are would make you aware of what you are capable of, or incapable of.
It is more than whether you are a risk taker or not... It would be what kind of risk taker you are.
Winning or losing is an outcome at a point of time... The destination is way beyond that.
the charts that we are reading are the reflections of human psychology
and it is this psychology that determines stock patterns /movements.
reminds me of a book which i had read, it says that.....
\" women don't make good traders \"......haha -
Another school and Alexander Elder thinks women make better traders.
IMHO, women tend to have higher compliance.
Men tend to be more risk takers.
Alex advised us to trade like a woman!
And he is very right!! -
Augmum:
almost.:hi5: to yr hub, ah bee.
so does he trade everyday ??
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Augmum:
I wasn't looking at STI then...
edureach, me only a small player lah,Edureach:
Wah, Augmum MadScientist are both season traders, Good!
My style, cyclical investor with 2-3 yrs holding equities on an uptrend, stockpicking primarily using FA and timing using TA. Normally like to start picking stocks approx 9-12 months after major sell down of major blue chips and complete buying in 12-18 mths to ensure my reading is correct, prefer to buy on the way up. Much prefer a concentrated porfolio as oppose to diversification to outpeform the broad mkt.
As for trading, more of a position trader dubbling in US stock indices.
can't hold a candle to those seasoned big boys
Oh…..so u ‘re a cyclical investor, juz like my hub, me juz the opp of him….
it 's more sensible to buy only after the trend reversal up, rather than trying to catch a falling knife.....
but personally, i would prefer to buy at the tail-end of the big 5 waves down , (yes, an elliott wave fan, any1 here ??)
juz like the prominent 5 waves down of STI from 07 to 09,
but was rather stubborn to execute the trade becos i was still waiting for a failed subwave,
so missed the buying at 1450……
only stepped in at ard 1800 after the pull back....
any1 of u manage to scrap some at 1450…. ..??
And I use TD more than Fibonacci... I gave up on EW.
PS. Seems like a good bear rally is starting... But beware of Friday as Jackson Hole meeting is going to be a significant propellant or tanker. -
Really happy to agreed with both Augmum and MadScientist that human psychology is a rather critical component which determines one’s success in trading or investing. From the postings of both of you, i can see both are seasoned traders and successful too. Congratulations!
Augmum, me started accumulating 3 local stocks when sti broke resistance at 1580 and completed buying at 2150. Started selling when index broke down from 3080 all the way down to 2900. Presently only dubbling in long/short positions on S&P 500 and Hang Seng index as not comfortable to invest unless can see concrete steps by European policy makers to address the debt crisis. Personally had learnt alot from books and practices and manage to invest profitably since the Asian crisis in 1997-1998 when sti crashed down to 800.
Happy to learn from both of u too!
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