Curious Question For Experience Traders

(30-05-2014, 08:02 AM)Jacmar Wrote:

(29-05-2014, 11:42 PM)koh0222 Wrote: Thanks a lot for your advice.
Because I have not trade since 2009 and i recently followed a tip and got around 15k profit with 50k capital within 2 mth so im just curiously if experience traders/remisier can hit 100% profit within 6 mths.

The question to ask yourself is why did you stop trading in 2009 when it is so easy money. Got burnt right? The problem with trading is that it is not consistent. one day you can make a lot and the next you lose it all and more. Statistically only a few % can make money. Even the great Livermore was broke twice and didn't die as a billionaire. Traders are casinos potential customers as they need the regular adrenalin fix.

On the contrary, i think almost all professional traders love 2008/2009 scenario. But there are such thing as "short squeeze".
i can't recall the name of the billionaire in Germany who shorted Porche but lost to Volkswagen. So he did what "Jesse Livermore" did in the end. J. L. is a respectable great trader. No trader in this world don't pay respect to him. If he doesn't, then i don't believe he is a TRADER.
The thing is do you have the psyche to be a TRADER? (Aka should you be in the market at all?)

To me actually we are all TRADERS. Including the insiders of the companies. Maybe the business owners operate differently? But at times, i believe they do TRADE too. Does looking for new capital or converting assets into cash count as "TRADING".

There you are.
In a sense no one is not a "TRADER"
Only what is suitable to you(your trading style) that makes you money, counts.

NB:-
If people like LEE KA SENG don't trade, how come they can become BILLIONAIRE???
NO???
What about HPL AND CMA?
What are this 2 companies doing now?

Personally, how a person makes his money is all his efforts/luck. If he makes money from trading, I say go for it! But this is a value investing forum. It is for the discussion of value investing. TS is welcome to discuss about a company, the management, the ratios or even the intrinsic number. But please refrain from asking what chart to use, what indicators to see.

I hope this forum stays true to value investing.

i think even the world's greatest investor WB buys and sells. Therefore in a sense he trades. That's my very simple understanding-Anyone who buys and sells, means he trades. You may like to think an investor means he is not "trading". i like to think everyone of us trade. Even business owners.

Erm... are we not trading information here... sorry if my conception of trading is wrong. Trading don't really need to be in monetary terms right. There's barter trade. Sometimes my mother trade sugar with soya sauce with a neighbour. [SMILING FACE WITH OPEN MOUTH AND COLD SWEAT]

😇天堂与地狱😈就在当下

Well, instead of playing with words, we do know that the "trading" here is referring to "stock trader".

Base on wiki

"Stock speculators are often ambiguously categorized as stock traders... Stock speculators usually try to profit from short-term price volatility with trades lasting anywhere from several seconds to several weeks"

A chauffeur drives, but not all drivers are chauffeur.

(30-05-2014, 10:59 AM)Life is a game Wrote: Erm... are we not trading information here... sorry if my conception of trading is wrong. Trading don't really need to be in monetary terms right. There's barter trade. Sometimes my mother trade sugar with soya sauce with a neighbour. [SMILING FACE WITH OPEN MOUTH AND COLD SWEAT]

?天堂与地狱?就在当下

Ha! Ha!
Yes!
We all trade in one way or another.

And may i borrow this again from "Market Wizard"

MARKET WIZARDS
Final word.
There is no holy grail to trading success. The methodologies employed by the “market wizards” cover the entire spectrum from purely technical to purely fundamental—and everything in between. The length of time they typically hold a trade ranges from minutes to YEARS. Although the styles of the traders are very different, many common denominators were evident:
1) All those interviewed had a driving desire to become successful traders—in many cases, overcoming many significant obstacles to reach their gaol.
2) All reflected confidence that they could continue to win over the Long RUN. Almost invariably, they considered their own trading as the best and safest investment for their money.
3) Each trader had found a methodology that worked for him and remained true to that approach. It is significant that DISCIPLINE was the word most frequently mentioned.
4) The top traders take their trading very seriously; most devote a substantial amount of their waking hours to market analysis and trading strategy.
5) Rigid risk control is one of the key elements in the trading strategy of virtually all those interviewed.
6) In a variety of ways, many of the traders stressed the importance of having patience to wait for the right trading opportunity to present itself.
7) The importance of acting independent of the crowd was a frequently emphasized point.
8) All the top traders understand that losing is part of the game.
9) They all love what they are doing.
10) Care to add some of your view or experience?

T,
Just for fun (it's Friday!), let me add my experience and lesson learn all these years:
1. My trading edge depends on my strong and detail fundamental analysis FA of my company.
2. When I really trade, I will ignore all fundamental of the counters. I take them as pure numbers, pure demand and supplies. The least I know the counter, the best result!

And you?

LC


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If it does not kill u, it will makes u stronger...
Need to have a resilient mindset...

It is the same with any other matter. After you have weigh and consider all your options or possibilities, it is time for action. And the outcome of your action may be better or worse. Because nothing stay the same.
i do consider technical and fundamental aspects before i invest. But i think the technical aspect is more important to me.