Protect Your Eggs

Again, some newspaper clipping here to share that I found from last week USA Today. Interesting to find out so many bad news. And it is a sign to start looking for potential value stocks.

Is the worst here yet?

Last month a local guru or rather trader expert mentioned that when the news get worst, be prepared for the better. This is because, the market is going to goes up. Since stock market always lead economy by at least 6 months.

Now this week, I saw a news articles that may suggestion that he is right. I am not doubting the guru but hey at this point of time, double confirmation is better. Below is an article for reading.

Also from this trader guru, I was introduced to sector trading and again I found an article about sectors movement in the 1st week of Dec 08 in USA.

And you have it, TELECOM making the head charge beating other defensive stocks sectors. Morningstar had a report on this as well. Here's the link to that report. http://news.morningstar.com/articlenet/article.aspx?id=266977

So, it is time to start getting serious and study the market for the route to recovery. USA FED has too much learning from the GREAT CRASH, TECH CRASH & FINANCIAL CRASH. They will do whatever it takes to stable the market. Pain but they will have to do it. I will guess more bail out plan is coming and latest I read from USA today, even school is asking for bail out money.

Is the worst here yet ? It maybe the starting of the worst. Santa Claus is coming to town alright, with a shopping cart instead of his usual snow sledge.

Something interesting in youtube

I have found something interesting in youtube to help in stock markets trading. 2 guys which I think is a good learning guide. They have a comprehensive guides to technical analysis on youtube. They also have tons of videos in their web page and also some interesting links to other good financial sites. Explore and find your treasure box there.

1) Lance Beggs from "Your Trading Coach"

http://www.yourtradingcoach.com/

2) David Waring from "Informed Trades"

http://www.informedtrades.com/trades.php

What a mess of information I received....

You know what, I had attended 3 seminars in 3 weekends. And YES that was 6 days full blown times on 3 different seminars. My wife was screaming at me when I told her I had to attend another "talk" this weekend and she replied "I do not want to talk to you anymore." Anyway, I assured her this 3rd is the last but I did not mentioned to her last of the many to come.

Ok, so what have I learnt from these 3 seminars ?

1) A super conference of technical analysis gurus from USA.
- mind blowing & eye opening to me
- there is everything under the sun about TA to be learnt and studied
- it forced me to relook into my stocks education

2) A wealth generating courses from Local guru
- again mind blowing & eye popping to me
- It made me think and relook if I should be concentrating on stocks trading to earn my passive income
- In this course there are 2 gurus: 1 millionaire & 1 fallen angle and millionaire-to-be
- 1 said "In long term, stock market is moving up" (he supported this with 50 yrs charts)
- 1 said "In long term, stock market is moving up but most of the time it is moving sideways" (he too supported this with 150 yrs chart)
- So what the hell are they trying to tell us??
- I have found the following video in YouTube to figure out these 2 statements (still thinking after viewing that)

3) A Internet marketing seminar
- message I got from the gurus is "You can make money from the Internet, buy my products to cut short your learning curve"
- I agree to them totally since we do not have the time in the world to get going
- Anyway I have another plan for that with my new found friends I met from my seminar #2

Lastly, I am committed to myself to totally learn and re-learn all my skills on investment. True investing this time. My previous trade I will term it as "gambling". So as to remind me of my errors. I am reviewing my holdings and to post out why I bought them and why I did not sell them last year when it is on the BULL run. As many had guess by now... GREED is the killer here.

PS: Last that I checked, my paper lost for my "long term" investments of local shares stands at $20K. SH*#%@... Be patient, apply what I had just learn and this numbers will get smaller ... COOL MAN ... COOOOL

PSS: Why COOL ?? That's the only thing I can do now ...

Mad Days and Madness Everywhere

Wow wow wow ... ...

It was June, July, Aug, Sept & Oct since I last wrote in my blog. What happened ?? Well, for once I was away for 3 months in the USA for training. (And I intentionally skipped all financial markets news and any related topics- that's an excuse for not following closely). Anyway I did 1 thing right though. I sold off SembMar @ $4.20 in June and it is now $1.59 this morning. I used that money to fund my spending while I was in USA. Recently, the market has been crazy. 1 day you thought it is rally at hundreds of point and next it is back down by another hundreds x 2 scale. So where is the fundamental ?? Nope no here and not there. I read through my previous posting and impress myself with all those information I recapped. Now I had to kick start my engine again.

Well, for a start I had attended some financial course previews and signed up for 1 local financial course and read 3 books in 2 weeks. Yes that;s 2 books and normally, it took me months to finish a book. Now I am really motivated. I will be taking this time to make up on my financial skills in this market and catch the next wave up. Wish me luck to myself. I am also planning on a business blog soon. This is my "get rich" and "actions" I am taking.

1. Attend financial education
2. Read books on financial education
3. Read all the MB I had in my PC on Fundamental & Technical Analysis
4. Take Actions to be successfully
5. Start a online business
6. Treat trading as my business

Getting ready to get into the "feel"

Well, I have been absent for a month now due to my last "exam" of my life as quoted from a classmate of mine. However, I am not so sure about that. Yes, last for the academic part but not for the financial part. I am trying to get myself into gear and speed and ride along.

News and numbers from last week suggested that the coming week will be exciting one. The market has been reacting well to positive news (especially in USA and they cast the financial crisis aside for now). I have spotted a few counters as well and will see what tomorrow tells me. If the condition are good I may pick up some trades but as a test water style. Putting my TA skills to serious test. REAL SERIOUS this time.

1) Market conditions - checked
2) Counter conditions - checked and spotted
3) Entry price - well not so checked yet but have an idea
4) Most important of all, is the money there for me to invest ?? - checked checked checked
5) Am I focus on these ?? - not so focus but somehow there

Conclusion:- I am not so ready after all but I have an idea of what to look out for. So will see how I perform tomorrow (5 May 08)

There have been a lot of disturbance these days and I cannot get focus of what I am going to do in the stocks market. But I am trying to focus on that, therefore I only mention I will look out for what is coming and not totally dump into it (as I almost did).

So uncertainty, here I comes... HUAT AH !!!!!!!

A Mistake Made Again

It has been a long time sime I last wrote here. Have been busy preparing for my other phase of life. (STUDY) No financial sad to say but my root: ENGINEERING. And this will be my last.

Well, during this time I had little watch over the market. And I had kept my posistion as min. Not counting my LONG TERM INVESTMENT.

For 1 counter, it actually turn last week, down, but still floating somewhere of my stop loss. Not wanting to hold on anymore and to prepare for my exam, I sold it off this Monday and last closing. I had lost the trading frees plus a % of the price.

But after I took a small break into the SGX, it actually went up. I was STONE EYES.

Mistakes Learnt:
1) Check the major market for direction.
- DOW actually rally 200 points last Friday and I missed this. If I had checked I would close the deal with a breakeven, plus trading fees.

2) I never take a good look at the TA of the counter seriously. I it was a resistance than and I should wait for a break below to close or for it to break up resistance to stay in.

3) Never, ever, never, ever, never, put your emotions into the trade. Heard this many times but still make this mistake.
- Emotions means: just trading with rules and regulation you made up. And not other influence affecting this trade. No time, No study, No work and Yes sometime No family influence in it. Set up a rule a stick to the rule.

4) Lastly, check your trade orders.
- I actually made a BUY instead of a SELL to add on to my lost. Not the first time but still make this error.

Hmmm. I shall add this to my golden rule as a remainder to me.

However, I have another counter still open covering the lost I made in this counter. So there is still a consolation here for me.

What a year 2008?

Well, seems like it is too late for me to make a note on the market performance now. But what the hack.... WAH BIAN OEI ...

I know the market is not doing good and I know what to look out for. But once a recommendation came from a good friend whom help me made some good money last year. I cannot tahan and go for it. OUCH !!! It burnt me $5K in 2 weeks. And I could have cut it at $2K but my emotion told me to wait for a rebound. And it never comes, the force is strong in the SOUTH POLE. Furthermore, this week I spotted bottom fishing the those lost trade counter and I HELD BACK. Too scared to enter and it went up.

Conclusion, my training is not solid enough. However, I learnt the way of the chart in deep details now. Will try small small when the next signals come. And I found some good tips from this website http://www.sap-basis-abap.com/shares/index.htm. They had a lot of interesting article to keep up in tune if you are burnt, like me, to keep on track.

The following is a series of tips for trader extracted from the same website above.

Tips For Technical Trader:

1. Before you enter a trade, determine your CUT-LOSS point, be it 10% or 20% etc.
2. Be a TREND FOLLOWER as stock market CANNOT be predicted no matter how sophisticated the software is.
3. Take care of the losses and the profits will take care of themselves.
4. Capital preservation is the NUMBER ONE rule for Technical Trader.
5. Take OUT your emotions and trade mechanically (if you can't do this, then forget about being a technical trader).
6. Trading in a bear market means frequent buying and selling, taking advantage of short-term movement.

Cognizancemind #1.1

So, after the long and super profound and simple and wise guy talk on Mistake #1. What had I done to prevent the stupid mistakes from happening again ??

More mistakes and every mistake made a deep cut in me till now I can very wary of every recommendations made to me. Having said that, not bad for people to recommend me counter to invest in because that will save me time to screen the market for gems and golds. What I do now is to check the Singapore market performance and the US market performance to get a feel of what the big boys are doing.

Of course the other part of Mistake #1 is to invet in knowledge. So I had attended several paid and free classes to gear myself up. And most of the time after the class a question came into my mind...."So simple !!! " - my experimental results were, follow and you made smaller lost and if you do not follow, you made BIGGER lost.

Below are a few of the course worth looking into :
(all can found from the cheapest resource - The Strait Times)

1. T3B Systems - seminar course - Singapore Market
2. Trading For a Living - 6 months course - Options Focus
3. Profit Strategies - seminar course - Elliot Wave - Any market
4. Wealth Mentors - Options Focus

Heard but never attended the preview:

1. Optionetics - seminar course - Options Focus
2. TMT Chart - seminar course - TA Focus
3. Asia Chart - seminar course - TA Focus

And my favourite : Chartnexus (TA focus course)

You can also joins SIAS and they will send you update on upcoming courses and a reasonable price. So go goole or yahoo the above mention courses and join their FREE preview class for more information. T&C applies for them though.

Mistake #1 - What is Investment ??

Come on... this is a simple question for everyone... IT IS TO MAKE MONEY OUT OF MONEY !!!! True but how ?? At what risk level ?? What kind of investment tools ??

You may have visited other investment web sites or people mentioning that this company is doing well, that unit trust has potential, this country is blooming, that region is fantastic. "AAA" rating, call to "buy", call to "hold", call to "sell", call to "accumulate". The information are true but do you really understand how they come to those conclusions and the entry date and exit date for those recommendation ?? (They will never said that unless you are a ROYAL & HEAVY DUTY customer of theirs.) To be the truth, I do not and I am still trying to learn on that.

So mine answer for Mistake #1 is... ... ... Your brain ...Your knowledge ...

People tend to be stingy on a $1K - $2K short courses on investment but they are generous enough to throw in $5K - $10K into a "GREAT" advice from someone on a "POTENTIAL" shares, stocks, unit trust, options what so ever without even blinking their eyes. I was one of the guilty many. Therefore, those advices started my portfolio of "Long Term Investment".

Conclusion, unless you know someone influential and powerful, god bless you, you may want to share the TIPS with me. If not, please attend a course to understand what people are doing and how people behave to get your insurance before investing. Or if you have already started investing, not harm attending these courses to earn more.

A newbie on the blog

Wow...I discovered I made a lot of spelling mistakes here and there. Now it is also time for me to pick up my written english as well. I will be putting on my lessons learnt soon, once I got an idea to present.

The Begining

I made mistakes in the financial world of shares and stocks.
However, I am also starting to learn from my mistakes and the losses I made.

An Introduction

I am here but I am not ready.
I will be prepared...