Always Go For Fundamental Strong Stocks DISAGREE, I COULDN'T GIVE A STUFF ABOUT FUNDAMENTALS, ONLY WHAT PRICE IS TELLING ME
Never Take Stock Market As Main Earning Work WHY EVER NOT, TRADING BEATS WORKING FOR SOME OTHER MUG IN THE RAT RACE, BY A LONG WAY !
High Risk High Profit,dont Be Greedy For Money CORRECT MONEY MANAGEMENT, A PLAN, AND A SYSTEMATIC APPROACH CAN REWARD WITH HIGH RETURNS WHILE MANAGING UNNECESSARY RISK
Be Happy In Whatever You Earn. I'M ALSO HAPPY TO LOSE, 'COS IT'S ALL SWINGS AND ROUNDABOUTS, YOU GOTTA GIVE IT TO RECEIVE IT. PLUS I VIEW LOSSES AS THE COST OF MY PERSONAL EDUCATION
Invest In Stock Market For Long Term Too YES, BERKSHIRE HATHAWAY SHARES ONLY. AT PRESENT, I CAN ONLY AFFORD A BUNCH OF B-STOCK, HOPING ONE DAY TO UPGRADE TO A-STOCK
Stick To Stop Loss AGREED, BUT IT CAN BE MOVED, BUT ONLY IN THE DIRECTION OF THE TRADE
Dont Buy On Rumours I DON'T LISTEN TO ANY NEWS, I DON'T READ ANY NEWSPAPERS IN ADVANCE OF A TRADE SO I NEVER HEAR ANY RUMOURS. BUT I DO GET DISGUSTED WHEN I READ HEADLINES IN WSJ-ASIA ONE DAY SAYING "WALL STREET CRASHES ON SUB-PRIME FEARS" FOLLOWED NEXT DAY BY "WALL STREET BOUNCES AS INVESTORS SHRUG OFF SUB-PRIME FEARS" ONLY TO BE FOLLOWED NEXT DAY BY "WALL STREET CRASHES ON SUB-PRIME FEARS". IT JUST GOES TO SHOW WHAT A BUNCH OF WANKERS MOST FINANCIAL JOURNALISTS ARE. SO YES, YOU'RE RIGHT, DON'T TRADE RUMOURS,
EXCEPT, WHEN THE
PRICE ON YOUR CHART IS TELLING YOU SOMETHING BASED ON THE ACTION OF THOUSANDS OF SHEEP WHO
ARE TRADING A RUMOUR
Don't Get Obsessed With Stocks DO YOU MEAN DON'T GET OBSESSED WITH TRADING OR DO YOU MEAN DON'T FOCUS ONLY ON STOCKS, BUT LOOK AT COMMODITIES, CURRENCIES ETC TOO ?
Never Gamble IF SOMEONE HAS A PLAN, A SYSTEM, DEFINED ENTRIES, EXITS AND STOPS THEN THEY ARE TRADING NOT GAMBLING. I DO HAVE A FUN ACCOUNT, DRAWN OFF FROM MY EARNINGS ON MY MAIN ACCOUNT, WHERE I PLAY AROUND FOR FUN, INVESTING IN PENNY SHARES, JUMPING ON MOMENTUM TRADES. I THINK AS LONG AS AN EXPERIENCED TRADER HAS CLEARLY DEFINED LIMITS OF WHAT CAN AND CAN'T BE INCLUDED IN HIS MAIN TRADING, HE SHOULD BE FREE TO DO WHATEVER HE WANTS. I ALSO USE MY EARNING FOR ROULETTE WHEN I FLY TO MACAU, OR FOR BACKING THE GEE-GEES IN HK. SO WHAT ?
Do Your Own Analysis, Forget About Tips AT LAST WE AGREE
Trust Your Intutions NO, I DON'T AGREE - WHAT HAS INTUITION GOT TO DO WITH ANYTHING IF YOU'RE USING ANALYSIS ? INTUITION SOUNDS LIKE PLAYING HUNCHES WHICH HARKS BACK TO GAMBLING, RUMOURS ETC. i CAN'T SEE THAT YOU HAVE DONE ANYTHING HERE BUT CONTRADICT YOURSELF SEVERELY
Buy News Based Stocks And Play Intraday BUYING NEWS BASED STOCKS HARKS BACK TO BUYING ON RUMOURS, COS NEWS IS EITHER a) BULL**** OR b) TOO LATE FOR THE LITTLE GUY LIKE US
PLAY INTRADAY ? PLAY ? PLAY ? THIS IS NOT A GAME MATE, THIS IS A SERIOUS BUSINESS AND SHOULD BE VIEWED AS SUCH AND TREATED ACCORDINGLY WITH PROPER RECORDS, ACCOUNTING PROCEDURES TO AMORTIZE EXPENSES SUCH AS COMPUTERS, DATA FEED COSTS ETC AGAINST TRADING EARNINGS
INTRADAY? THIS IS THE BIGGEST KILLER OF ANY SMALL TRADER. THE SPREADS AND COMMISSIONS ALONE
LETS ASSUME A MINIMAL ROUNDTRIP EXPENSE OF $10 PER TRADE ON A $1,000 TRADE
ONE TRADE PER DAY EQUATES TO $50 PER WEEK, $200 PER MONTH, $2400 PER YEAR.
IF YOU PUT ON A $1000 TRADE EACH DAY, THAT'S A DAILY EXPENSE OF 1%, A MONTHLY EXPENSE OF 20%. GEORGE SOROS AIMS TO MAKE A 30% PROFIT EACH YEAR, YOU'RE TELLING ME YOU CAN MAKE 20% PER MONTH JUST TO COVER EXECUTION COSTS ?
LESS IS MORE MY FRIEND, LESS IS MORE......
