being a fast food trader; apart from ge13, u need to be aware of international event like recent Cyprus issue also. frankly, fast does not mean u must trade everyday... patient
tq iafx, i confessed in my one of the threads that my weakness is "no patient",, I give u one of my real life examples, i bought tebrau at 1.03 sold at 1.05. Bought again at 1.15 sold at 1.11. yesterday bought at 1.21 sold at 1.25 although planned to sell at 1.29. Scared Mah!!!
Bro imf_hau: I think Alam in uptrend mode no technical rebound. the main concern now is GE13 and xternal factor.. (2-3 days it up ward accompany by increase on volume-by the way i not TA xpert..)
Alam last tuesday higest 91.5c , volume 17.5m transacted.
Today is tuesday again , which also T5 , highest 91.5c again , volume only 6.7m transacted.
Blendy of people is waiting to sell at 91.5c in order to break even cabut b4 GE 13 annourcement , cant u see that ?? _______________________________________________________________
Desmond Liew ,
I just repeat , u know nothing of Stock Market behaviour. With your currently practice and swing trade behaviour, no matter how long u trade , u will lose back all u profit in the later day.
Pls correct yourself into "Investment" view ; the most is only trend trade but not "Swing Trade"... _______________________________________________________________
Of course , dont simply listen to this CP Teh Chartiest advice. He is just a GOD of Chartiest , no 1 can follow him , unless u wanto buy 1 way ticket to Holland.
desmond, beware of every transaction come with cost, real earning needs to cover this cost as well. say bought 1.21 sold 1.25, minus yr tx cost, u may be earning 0.01c only... worth yr time & all the worries?
yr tebrau example shows that u r "chasing up", it come with fear of sudden dive, especially when u see larger sell q, yr mind start to tickle already. u know well for few times of mini cent earned, it only takes 1 mistake to loose it all and sometime yr capital goes with it, this experience further accelerate yr will to fast buy/sell - which in turn expose u to greater risk... say, u tend to buy when u see larger buy q and everyone seems to talk about it? haaha, becareful.
to trade fast; always remember there is a next time - no need to rush at all, survival come first under all circumstances, no all-in trade (u r not making movie), never bet all eggs in 1 basket, u select yr counter properly (beware of greater context, e.g. ge13, Europe pigs etc), define a multi-stage buy & exit plan. the rest is timing and luck
u may consider putting aside some $ for long term (3yrs above), this is where FA come into picture, plenty of books out there now talking about this, no need to dig from forum/www (bias most of the time)
tqvm iafx, u are right, i review every of my exited transactions & if i can hold them for a length of days, i would have made a wonderful profit but the real story is i m not. U are right that i tend to exit with profit with merely 2 or 3% gain which is only 2 or 3 cents gain. When end of the days i close my accounts, the total i have made is indeed with negative figure.
hold on here, the view is not about how long u should hold, no one knows what gonna happen next minute, in yr case juz that the counter went up, but what if it actually went down? then u will be happy that u exit earlier. so, r u going to exit "late" since after? No, yeah, this is not how u define an exit plan. generally, an exit plan should be multi-stage, this is where TA come into picture to find out the best price line, or u can define a schema better suit yr portfolio (e.g. cash flow)
suggest u can try trade only by 1 lot (100 unit), exercise yr skill first - no rush anyway, isn't it? however, u think 1 lot is too small, right? this is how u train yr patient :D :D
hehehe,,, 6 months ago, i traded less than 2 lots & now i have started to trade below 50lots or RM50k whichever it comes first. I m a "L"-TA which i self learned from books. Actually the books have touched me to exit when indicators show reversal but i think due to few bad life experinces i got from takaso & khsb etc which dropped in sudden, fear has been created & i play more vigilant & keep my eyes wide open than others nowadays. The main factor is due to the coming ge which the forum says maybe dissolve on 25 March or earlier by this weeks. However i really appreciate your kind thought & advice..
no need thank here thank there... v merely scratch some basic only. about fear, technically this is why multi-stage is needed, with this method u know u will never loose all, as long as u survived, there is always a better chance waiting for u - u juz need to be there alive. psychologically, don't be greedy, believe it or not, less greed less fear, no greed no fear in trading
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Posted by Email > 2013-03-18 18:56 | Report Abuse
Desmond, 你混了几年? 怎么到现在还不懂哦?
人家今天先89.5卖,后来88.0又买回。
你还坐在那边干嘛!!!!