kingpin9's sharing of trading philosophy

My teacher, "The greatest speculator ever lived" Mr. Jesse Livermore once said:

A stock is never too high to buy and never too low to short

And please remember that stocks are never too high for you to begin buying or too low to begin selling

Never sell a stock because it seems high-priced

Big movements take time to develop

It is not good to be too curious about all the reasons behind price movements

(26-08-2014, 10:58 AM)kingpin9 Wrote: My teacher, "The greatest speculator ever lived" Mr. Jesse Livermore once said:

Why do you want to follow teacher who became bankrupt twice and committed suicide after his 2nd bankruptcy? Most of us our teachers here are Ben Graham and Warren Buffet although i dont hold on to a stock as long as Warren does .

(26-08-2014, 02:50 PM)Bibi Wrote:

(26-08-2014, 10:58 AM)kingpin9 Wrote: My teacher, "The greatest speculator ever lived" Mr. Jesse Livermore once said:

Why do you want to follow teacher who became bankrupt twice and committed suicide after his 2nd bankruptcy? Most of us our teachers here are Ben Graham and Warren Buffet although i dont hold on to a stock as long as Warren does .

The wisdom learns from one self's mistakes and the mistakes of great people. For I shall learn his greatest gift of sit tight, hold tight, and focus with regards to the market. As for his bad points, I shall not gossip and will forgive and forgo that bad point of his and seriously treat Mr Market as my good friend and my long business career path

(26-08-2014, 04:07 PM)kingpin9 Wrote:

(26-08-2014, 02:50 PM)Bibi Wrote:

(26-08-2014, 10:58 AM)kingpin9 Wrote: My teacher, "The greatest speculator ever lived" Mr. Jesse Livermore once said:

Why do you want to follow teacher who became bankrupt twice and committed suicide after his 2nd bankruptcy? Most of us our teachers here are Ben Graham and Warren Buffet although i dont hold on to a stock as long as Warren does .

The wisdom learns from one self's mistakes and the mistakes of great people. For I shall learn his greatest gift of sit tight, hold tight, and focus with regards to the market. As for his bad points, I shall not gossip and will forgive and forgo that bad point of his and seriously treat Mr Market as my good friend and my long business career path

That sound logical and rational, but there is a catch.

You need to ensure what learned are "gifts", and what not learned are "mistakes". That need a skill

If u want to trade, please trade using this way as according to the clip below:

新 上 海 灘 -丁 力 的 野 心

穷 人 和 富 裕 的 分 别



http://youtu.be/BiAPxRAzUG8

(26-08-2014, 05:13 PM)kingpin9 Wrote: If u want to trade, please trade using this way as according to the clip below:

新 上 海 灘 -丁 力 的 野 心

穷 人 和 富 裕 的 分 别



http://youtu.be/BiAPxRAzUG8

I presumed most, if not all here wanted to invest, rather to trade.

They say you never go broke taking profits. No, you don’t. But neither do you grow rich taking a four-point profit in a bull market.

Always sell what shows you a loss and keep what shows you a profit.

The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.

Much more to the game of speculation than to play for fluctuations for a few points

There is one side to the stock market; and it is not the bull side or bear side, but the right side

A man must believe in himself and his judgement if he expects to make a living at this game

I can't tell you how it came to take me so many years to learn that instead of placing piking bets on what the next few quotations were going to be, my game was to anticipate what was going to happen in a big way

^^^ I think those came from Reminiscence of a stock operator. Many of us here has read this "compulsory" literature. It is not the only way when one reads and experience more widely

I love "Market Wizards" because it is unbiased and shows there are many roads to Rome. Knowing oneself and one's temperament turns out to be most important.

And here is my signature quote always, with love:

Most people, if not all, are just only good at talking or even posting good rules and disciplines here, but fails to follow strictly to what they think or write. They do not take action promptly, but words are just keep on coming out from their big mouth. They can have all 1001 theories, coupled with the most perfect analogy and no doubt, best brilliant investment minds of the centuries. But...but when it comes to the REAL action, basically all are boiled down to their hope, greed and fear. It distorts them eventually. Then, they somehow miss the right time, the right moment to act quickly, and this is where they all fail badly. Moreover, they can't sit tight, and EMOTIONS distort their belief, their first stance on why they bought the stock in the first place. So.... those great minds with great theories and teachings, best is hope that you can spend more time on your own stock pickings, rather than posting useless all talks but no action articles here (and that said, it does includes my this posting here as well, I know it is a rubbish post, and I know surely it is a waste of my time to post this rubbish here anyway).

This is at least not from anybody's book, personal experience.
A posting freak indeed. The name says it all

(02-10-2014, 12:29 PM)specuvestor Wrote: ^^^ I think those came from Reminiscence of a stock operator. Many of us here has read this "compulsory" literature. It is not the only way when one reads and experience more widely

I love "Market Wizards" because it is unbiased and shows there are many roads to Rome. Knowing oneself and one's temperament turns out to be most important.

(12-10-2014, 06:42 PM)kingpin9 Wrote: And here is my signature quote always, with love:

Most people, if not all, are just only good at talking or even posting good rules and disciplines here, but fails to follow strictly to what they think or write. They do not take action promptly, but words are just keep on coming out from their big mouth. They can have all 1001 theories, coupled with the most perfect analogy and no doubt, best brilliant investment minds of the centuries. But...but when it comes to the REAL action, basically all are boiled down to their hope, greed and fear. It distorts them eventually. Then, they somehow miss the right time, the right moment to act quickly, and this is where they all fail badly. Moreover, they can't sit tight, and EMOTIONS distort their belief, their first stance on why they bought the stock in the first place. So.... those great minds with great theories and teachings, best is hope that you can spend more time on your own stock pickings, rather than posting useless all talks but no action articles here (and that said, it does includes my this posting here as well, I know it is a rubbish post, and I know surely it is a waste of my time to post this rubbish here anyway).

This is at least not from anybody's book, personal experience.
A posting freak indeed. The name says it all

(02-10-2014, 12:29 PM)specuvestor Wrote: ^^^ I think those came from Reminiscence of a stock operator. Many of us here has read this "compulsory" literature. It is not the only way when one reads and experience more widely

I love "Market Wizards" because it is unbiased and shows there are many roads to Rome. Knowing oneself and one's temperament turns out to be most important.

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Most people, if not all, are just only good at talking or even posting good rules and disciplines here, but fails to follow strictly to what they think or write. They do not take action promptly, but words are just coming out from their big mouth.

They can have all 1001 theories, the most perfect analogy and no doubt, best investment minds of the centuries. But when it comes to the real action, all are boiled down to their hope, greed and fear. It distorts them. Then, they somehow miss the right time, the right moment to act quickly, and this is where they all fail badly. Moreover, they can't sit tight, and Emotions distorted their belief, their first stance on why they bought the stock in the first place.

So.... those with great theories and teachings, hope that you can spend more time on your own stock pickings, rather than posting useless all talks but no action articles here (and that said, it does includes my this posting here, I know it is a rubbish post, and I know surely it is a waste of my time to post this rubbish here anyway).

My story shall ends here.


Are you matrixxx at share junction? If you are not I think that speaks a lot what kind of person you are.