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#1

Posted 23 July 2010 - 09:32 PM

MadDog70
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I have been investing (not trading) in stocks since 10 years ago. I got to earn the first time I trade, thinking I'm good I put in more capital, but it turns out that losses are bigger than the profit. Subsequently I got burned losing all my savings when trading the warrants. This puts an end to this, promising myself I should quit trading. A few months back, I'm back again, I traded a lot and lost most of the time. I was an addict to trading. Like an alcoholic, I was not able to control myself. I wanted to get rich quickly, but I kept losing most of the time. This was frustrating. Many times I decided to quit the game but I could not quit either. I was no better than an alcoholic. Can anyone help me?


#2

Posted 23 July 2010 - 09:34 PM

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when all your money is gone from gambling, you will have to stop automatically. no need to quit

Edited by Throttle2, 23 July 2010 - 09:35 PM.

Targetting to truly retire by 2028
Give away my CPF
Travel the world and smoke those Cubans!

#3

Posted 23 July 2010 - 09:36 PM

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Sell whatever shares you have and then close your CDP Acct.....as long as your CDP is active, finding a broker is an easy task...

I was like you and got burnt, but I disciplined myself not to go into the market for 1 year.

Hope that you can kick this bad habit.
命里有时终需有,命里无时莫强求

#4

Posted 23 July 2010 - 09:38 PM

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play more ps3 with us!! happy.gif

jokes aside..

what kind of trading style u in?hearsay,research,TA, etc etc???many different pple play differently

#5

Posted 23 July 2010 - 09:52 PM

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pls seek professional help.

#6

Posted 23 July 2010 - 10:20 PM

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seems like you got talent
that is for loosing

dont worry most of us also loose

but in the stock market if you loose you are only helping others to become rich
this is a zero sum game (minus the brokerage charges)

seriously nobody here can help you except you yourself

go to cdp and ask for free courses on trading stocks
if making money is so easy all of us would tua ki already


#7

Posted 23 July 2010 - 10:28 PM

Fri13th
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Hey bro next time post here which stock u buy leh......than we can all go short sell ur stock and comfirm make money idea.gif than we can pool our money we make to cover ur losses and still give u kopi money how about that? smash.gif
Behind every big fortune there is a big crime...

#8

Posted 23 July 2010 - 10:29 PM

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all right keep this thread alive. please tell us the stocks that you buy.

i'll make sure i don't buy the same. buy you coffee or lunch.
I LOVE MCF's ignore list...!! It's all your fault lah. complain what. reduce your carbon footprint. stop driving. go public. leave the roads to me. oh, and stop talking through your ass.

#9

Posted 23 July 2010 - 10:35 PM

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Stop yourself from looking at stock market, if you are married, transfer all your $$ to your spouse and ask him/her to safe keep for u. Without cash on hand, the temptation to trade will be lower.

#10

Posted 23 July 2010 - 10:46 PM

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Sleep during trading hours.

#11

Posted 23 July 2010 - 11:01 PM

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I have been investing (not trading) in stocks since 10 years ago. I got to earn the first time I trade, thinking I'm good I put in more capital, but it turns out that losses are bigger than the profit. Subsequently I got burned losing all my savings when trading the warrants. This puts an end to this, promising myself I should quit trading. A few months back, I'm back again, I traded a lot and lost most of the time. I was an addict to trading. Like an alcoholic, I was not able to control myself. I wanted to get rich quickly, but I kept losing most of the time. This was frustrating. Many times I decided to quit the game but I could not quit either. I was no better than an alcoholic. Can anyone help me?



Bro maybe instead of quitting u can join us in our stock discussion thread and do enough homework first before jumping in.

I slightly more power than you. The stock i bought shoot up but i still lose $. Hhaha... some bro here know what happen. laugh.gif

See u HERE



#12

Posted 23 July 2010 - 11:03 PM

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Sleep during trading hours.

Then TS will become an owl on weekdays! laugh.gif
命里有时终需有,命里无时莫强求

#13

Posted 23 July 2010 - 11:22 PM

Davidtkl
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Your root cause is greed. You need to address that.

#14

Posted 23 July 2010 - 11:23 PM

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Keep yourself occupied...Don't look or listen anything about Stock market, slowly you will forget about it.

#15

Posted 23 July 2010 - 11:25 PM

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Sleep during trading hours.


then must sleep almost 24hrs when u consider US/overseas markets laugh.gif

#16

Posted 23 July 2010 - 11:27 PM

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then must sleep almost 24hrs when u consider US/overseas markets laugh.gif

ohmy.gif Then basically TS becomes a Sleeping Beauty!!! laugh.gif
命里有时终需有,命里无时莫强求

#17

Posted 23 July 2010 - 11:31 PM

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Bro, from what i see, you are trading via contra, rite? If you go down this path, you are destroying yourself & your family.

People already got problem predicting stock trend over long term(meaning 1-5 years) & contra must settle or sell within 3-4days(meaning you are predicting it going up), this is suicide.

If you don't stop, you're gonna end up like the fella(singapore) who chalked up football debts & hanged himself in the house toilet & discovered by his wife in the evening recently(a few months ago i tink).

I tell you how to stop or improve your condition:

1. No get rich quick.

2. If got cash, buy & hold & i mean hold at least for years.

3. Think of those losses you made, on the other hand, use this money for your family or outing & i bet you & your family feel better.

4. Email or call your broker to reduce your trading limit by 80-90%.

5. Learn from investing legends(eg. Warren buffett, Edward Lampert, Carl Icahn, John Paulson). You won't go wrong with these legends though they do make mistakes at times.

6. Lastly, good luck & stop trading(buying & selling within days) & start investing(buy & hold for at least couple of months/years) & you'll see the difference at least to your pocket.

7. Try not to buy when you see it keep going up instead buy when you see it dip or fall drastically(research before buying).

8. Lastly again, if you're doing contra. STOP !

#18

Posted 23 July 2010 - 11:48 PM

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I have been investing (not trading) in stocks since 10 years ago. I got to earn the first time I trade, thinking I'm good I put in more capital, but it turns out that losses are bigger than the profit. Subsequently I got burned losing all my savings when trading the warrants. This puts an end to this, promising myself I should quit trading. A few months back, I'm back again, I traded a lot and lost most of the time. I was an addict to trading. Like an alcoholic, I was not able to control myself. I wanted to get rich quickly, but I kept losing most of the time. This was frustrating. Many times I decided to quit the game but I could not quit either. I was no better than an alcoholic. Can anyone help me?

I think your problem is like most of the 90% of stock traders in the world.
You like Warrants, Rights, Calls and Puts as volatility excites you.

1.The stock making money you greedy and wait for it to go higher.
2.When it had gone higher, you wait for it to go even higher
3.When it start to come down you wait for it to go back up.
4.When it still continue to go down, you wait as the price is still above your cost.
5.Then it goes lower than your cost, you still hold hoping that it go back to your cost level
6.Then your lost -35% of your stock value, you offload all.
7.Then the stock goes up, you wait for it to come down a little but it keeps going up.
8.Then you buy up again with your 65% balance and the process repeats itself from Stage 1.

Sorry, I can't help you.



#19

Posted 23 July 2010 - 11:56 PM

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Are you saying that whatever counter you buy.....sure drop?....................if so, do short sell next time.......reverse it..... tongue.gif

''Don't take life too serious...learn to forgive and forget..after all.....no one get out of life......alive''


#20

Posted 23 July 2010 - 11:58 PM

Zangetsu77
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For local small cap stocks, many counters operated, you need to know the operator and the plan, otherwise easy to get burnt.

For index stocks, wait for the next downturn.

Covered warrants are designed to screw retailers and traders. There is always a gap between the call and put warrants. It's designed for the market maker to profit and hedge their risks of their underlying position in the share. Their trading funds can easily influence the price of the underlying share at the issue date as well as expiry date of the warrant depending on how they trade it.



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