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How to quit trading stocks?


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For people who dun do homework for share buying, I'll suggest:

 

1) no warrant

2) cost avg mtd- establish fix sum monthly for buying stock over time. Look at bluechip instead of penny.

3) no tech stock-highly volatile

 

 

 

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R u the Maddog fr TCS? Anyway, ur motif now is 2 quit gambling. Closed all ur account n get a life. If u r married, then let ur wife control ur money.

Close all ur credit line. Get a new hobbies. During the days, stay away fr computer.

Hope it helps b4 too late.

 

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Indeed, I need help to stop trading, but most of the bros here suggest careful trading.

Hmm ..... but I still want to earn money, puzzle.

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im a broker and i've yet to see contra-traders make $$ consistently. the statistics speak for itself.

good holding power of at least a quarter & a fundamentally sound investment decision will always pay off. =)

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Only invest what you can afford to lose..if not you'll be in for some trouble especially if you are into punting or contra.

 

Most valuable advice I can give is not to be greedy.

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seems like you got talent

that is for loosing

 

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)

 

 

May I differ; the stock market is Not a zero sum game.

In the stock market, there is wealth creation

or wealth destruction

 

Zero sum markets (minus charges) are eg: futures markets

 

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Dont quit

 

You trade or invest in the markets but not sufficiently in yourself

there are good traders

there are good investors

but most losers are gamblers

 

If you love trading, then invest sufficiently in yourself bro, learn

And learn from good mentors

 

all the best

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Like an alcoholic

 

I was not able to control myself

 

I wanted to get rich quickly

 

 

The above are not good recipes for a trader. If you really want to continue trading you need to know yourself and then choose the right instruments and strategies that suit you. Position sizing is also important.....so this contradicts with your 2nd point.

 

If you are not able to have strong discipline it is better to quit trading...close your trading accounts and park your money elsewhere.

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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?

 

Close ur securities account with CDP and whatever trading account/sub account with the brokers..

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If you are not able to have strong discipline it is better to quit trading...close your trading accounts and park your money elsewhere.

 

Bank interest are lousy, if you put in 100k for 6 mths, you only get 0.5% interest, too little lei.

 

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Bank interest are lousy, if you put in 100k for 6 mths, you only get 0.5% interest, too little lei.

 

you are addicted to gambling stock. its the same as gambling in casino.

 

u really should see a doc. usually picking up another hobby helps.

 

this is a real advice for you to stop trading stocks.

 

real trading is boring with no emotion attached to trading decisions.

 

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(edited)

Your psychological profile is not suited to be a trader.....of coz I could be wrong....if ur profile is not suited to be a trader, no matter what we teach u interms of position sizing, risk management, u will not make money, or at best break even in the long run....

 

It is like some people are juz not suited for some careers...

 

MY advice to u is to donate the money u want to invest in charities where u can see your money being channeled to help people who need it... At least in terms of monetary rewards, it has the same output as ur investment in stocks, but at least in terms of spiritual rewards, you can get more...being at peace w oneself, being happy that u are able to help others...vs cursing n swearing at yourself for losing money in the stock market again.

 

Stick to your day job n focus on it.

Edited by Sabretan
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Then TS will become an owl on weekdays! [laugh]

 

Then he should know where the best place to go during that time. From one lorong to the next and he should be dead tire and sleepy when trading hour start.

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Trade more carefully? Dump your money into ultra conservative high dividend stock.

 

Like, say, Singpost.

 

That turned out to be consistently the best money maker for me....good dividend + I got at relative low price. Except I didn't have too much money then and only got 3 lots. Heh.

 

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Trade more carefully? Dump your money into ultra conservative high dividend stock.

 

Like, say, Singpost.

 

That turned out to be consistently the best money maker for me....good dividend + I got at relative low price. Except I didn't have too much money then and only got 3 lots. Heh.

No lah.. SMRT is the best... their biz is machiam like Coffin biz. Economic down more revenue one.

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Trade more carefully? Dump your money into ultra conservative high dividend stock.

 

Like, say, Singpost.

 

That turned out to be consistently the best money maker for me....good dividend + I got at relative low price. Except I didn't have too much money then and only got 3 lots. Heh.

 

 

Maddog will not like counters like these....

 

He is addicted for quick punts... quick money.

 

Maddog.... im sure you get enough of good advice here...

 

you are your worse enemy.. got to help yourself yah.

 

========================================

 

And yes... i kinda like SMRT.

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Trading and investing..investing is put $ hold n see

 

Trading..daily to weeks to earn your target price..heavily inolved in TA etc

 

Trading is very tricky way to make $ in market,it requires alot monitoring,daily shares patterns,CK intentions,ownself pyschological effects..as u play along u will learn this naturally (i quitted my job last Sep to do a fulltime for last quarter,worth it anot it;s ownself to decide and think), i just started trading and CKs always cheat my feeling..lol

 

u nid alot discpline and set ownsets of rules to follow..

 

1st point in my book is dont be greedy,say u earn $x means $x ,dont wan more or feel ai wan later

 

2nd point is muz swallow the gut to lost..2-3% means 2-3%, this is a big problem alot will hope "damn 2-3% only,can rise back one"end up drop further and lost more..fall in love in making $ but not in a particular shares

 

3rd point, move on it lose 2-3%.market is always there,dont think so much on it and lost ur emotions..never let emotion overtook u when u trade.

 

Lastly trade what u can afford,it not will end up v jiak lak..

 

i am still v new to trading , i am sure alot more pro exp here can share their views.

 

 

 

 

 

 

 

 

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