stock market invest trade forex money

hi... newbie here with nothin to shoutout ab :P

me? see my name d noe wats my age...

i graduated as civil engineer n currently workin for samyvellu ( OMG, hindraf people, dun come find me leh :P)

started to trade since middle of june this year..at that time, dunno a sh*t.. jus ­base­d on d tradin plan that i found from babypips.com.. but, hey, 6 trade in a row free money comes in (onli 300 ler :P)... then, starts to struggle..follow people's call to buy stocks...most of my losses comes from contra play... haizz...(but at least now i can cut loss wit no sweat (below 1k onli lar.. above 1k still not try yet :P)


now i do my own reserach, n no follow others call!! but, so sad... now im tradin to cover bc my losses..now already cover more than 50% losses.. already half way ^.^

Hi Lowyat,
haha... dont worry, i think you are making good progress... keep up the good work and insist on picking your own stocks...

Regards & happy learning... :)

RL wrote:
Hi Lowyat,
haha... dont worry, i think you are making good progress... keep up the good work and insist on picking your own stocks...

Regards & happy learning... :)


thanks alot ^.^

but its kinda sad...tradin to cover bc losses... i guess its not easy to turn on a new page..huuhhu.. must settle stuff that u left bhind..

don't worry, keep learning as your top priority, once you mastered the skills, the money will come by itself... :) by then, you will have more than enough to cover your losses. :)

Regards & happy learning....

testing

leno21 wrote:
Hi, I am Leno "The Lone Ranger"


Doctors have been the worst investor for decades. But the latest statistics show that for the first time the engineers have take over the spot,and now I know why. But beware, we doctors promised to work harder this year to get back the award.

Six years ago, when KLCI at 500 points, i cant find a single blog about trading. Any investment blog that come out, only last for 1 post only. When I mention share market, everyone will run away like i got TB or AIDS. When KLCI reach 900, everyone start to gather around me asking me about share market, and by 1300 point, people start to tell me what to buy. It reminds me of 1991 to pre 97 crisis.

U are lucky to lose money at first try. Because U will limit your next gambling. And as usual, i will advise any newbies to built their basic knowledge before proceed any further. Accounting, some maths, book recording, rate counting, financial history (fundamental, bubbles,crisis), business, etc. Because share market is built on these foundation. After U acquire this knowledge, then it is up to you to trade, invest or gamble.

Hard work, Proper knowledge and Humility are keys to sex investment ... err, i mean share investment.


thanks for d info... :)

btw, do u noe any worth a read book for financial history (fundamental, bubbles,crisis), business ?i would love to reaad it ...

in my humble opinion, most of average joe guy, will jus enter d market wit vry minimum knowledge.. when they start to hit d wall, they stop for a while, n think wats when wrong... then they start to find a solution... im one of them... uuhuhuhu

Ly82,

That's the way.

Learn from mistake...hence the importance of keeping a record of every trade u've done and take note of every win and lose, only then u may improve urself instead just banging around, paying hefty tuition fees.

Elder said....with good record keeping and money management.....half the war is won.

Keep learning.

try not to touch penny stock

Hi LY82,
I'm bert, an accountant by profession, part time investor. Trying to learn to be a trader.
well at least u hv learn a good lesson, i wud say priceless ie to cut losses. V good start.
For your records, treat your recent losses as a tuition fee. Capitalise them as 'Investment' or 'Deferred Assets' or 'Intangible Assets' in your books. See, it doesn't look so bad in your books now, eh. Trust the Accountant to do his job.
Do join us. There is much to learn and make you think with some of them here quite opinionated.
Occasionally there are some tips here and there but in the market there is an unwritten rule that you take full responsibility of your own trade. In most cases, beware becos tips came out after the tipster ran out of money to invest in the recommended counter. Since they already hold the stocks, they get emotionally committed n become, at times, not ­object­ive.
Do contribute here n there to make this blog interesting.
Cheers

bert wrote:
in the market there is an unwritten rule that you take full responsibility of your own trade.

This I fully agree. So members, please take note that whatever action you take: buy, sell or hold, you do so at your own risk and responsibility.