TheFinance.sg » Active Trading

Technical rebound?

mmltrader — Tue, 22 May 2012 01:03:00 +0000

S&P rebound +1….

Chess Playing And Investing/Trading

Jared Seah — Mon, 21 May 2012 03:08:33 +0000

My classmate taught me how to play chess during my secondary school days.

Remember those wonderful weeks after the school exams where our teachers leave us to “study” on our own?

As a newbie, I was very surprised to be checkmated in 4 bloody short moves!? Huh?

I was “taught” how each chess pieces move; but was not taught “how” to play chess.

I learned from my mistakes and now I am puzzled how my classmates were able to counteract my early opening moves without much thinking on their part.

That is until I realised that they have memorised the popular chess opening moves. No wonder!

I too started reading chess books.

And learned the classic chess openings like Ruy Lopez, French Defense, Queen’s Gambit, etc.

Now some of my classmates don’t seem so smart now. I started to win more games.

What comes next is the exciting middle game of chess. Rote learning does not help here. Strategies and tactics matter more.

The more chess games I played, the better I become.

I realise its because I got better at recognising the patterns of the chess pieces and it’s relation to the spatial positioning on the chessboard.

When to sacrifice material for positioning advantage; and when to give up positioning advantage to win back the initiative… Books can’t teach you all these. We have to learn it through trial and error. Or practice, practice, practice!

Some of the best learning came from defeats by better opponents. I can “borrow with pride” their winning strategies or tactics that were used on me in my next game ;)

Soon, I’ve reached my bottle-neck in chess playing. The end game is where the boys (me) are separated from the men.

Mediocrity is hard to conceal when there’s simplicity. An empty chessboard with only a few remaining chess pieces. You either know or don’t know. Period.

You got to think and make your own decisions. You’re on your own!

And now you have your answer to the debate between nature versus nurture…

Non chess players do not fret. Just substitute chess playing to another game or sport that you love playing passionately – just like in investing or trading.

I think golf is another great analogy to chess playing :)

Fellow investors and traders, can you relate to the chess analogy above?

It’s humbling to know that after so many years in the markets, we sometimes fuxx up the end game don’t we?

LOL!

Some externalise and blame.

Some internalise and reflect.

Not everyone can be great investors and traders. Good is enough for me :)

Singapore Man of Leisure (welcome to my blog; just google it!)

Market Overview – 21/05/12

mmltrader — Sun, 20 May 2012 08:13:00 +0000

Bingo!!…

Market Overview – 14/05/12

mmltrader — Sun, 13 May 2012 15:42:00 +0000

Sell in May and Go Away….

What does last 2 candlesticks tell you?

mmltrader — Thu, 10 May 2012 02:37:00 +0000

What does the last 2 candlesticks tell you?…

Lower tail seen

mmltrader — Wed, 09 May 2012 00:59:00 +0000

Long lower tail seen….

Waiting Patiently

mmltrader — Tue, 08 May 2012 00:37:00 +0000

Waiting patiently for signal to Long….

The Secret Passage To Financial Freedom – S&P 500 2012-05-06 23:15:00

mmltrader — Sun, 06 May 2012 15:15:00 +0000

S&P down -2….

Testing Resistance 1423 again

mmltrader — Wed, 02 May 2012 01:18:00 +0000

S&P going to test its resistance 1423 again….

Market Overview – 30/04/12

mmltrader — Sun, 29 Apr 2012 15:34:00 +0000

S&P is heading towards its resistance 1423….

Multibaggers in less than 4 months? Don’t you just love penny stocks!?

Jared Seah — Sun, 29 Apr 2012 07:58:26 +0000

Hands up for those who have not played penny stocks before!

Most of us have played with penny stocks starting out – especially when our account was small starting out.

Remember those wonderful and euphoric days? Ah…

Of course with the highs will come the abyss of abject horror and manic depression…

Nowadays I am a reformed speculator. Although I still dabble in S-chips and penny stocks for a good old swing trade once in a while, I’ve said goodbye to punting on “rubbish” penny stocks.

Recent events reminded me of those good old days:

MDR

Jan 2012 = $0.005

Apr 2012 = $0.15

3 bagger in less than 4 months!

$10,000 will become $30,000

TT International

Mar 2012 = $0.05

Apr 2012 = $0.17

3.4 bagger in less than 1 month!!

$10,000 will become $34,000

JEL

Mar 2012 = $0.005

Apr 2012 = $0.122

24 bagger in less than 1 month!!!

$10,000 will become $240,000 No, you did not read wrong! Please don’t say SGX stocks hard to find 10 baggers OK?

You can use your broker’s platform or visit SGX website for the charts.

There’s a reason why I ask you to do self-discovery. It’s the same reason why I only mention the “month” in my examples above and not the exact dates.

I hope you can see for yourself whether you have the pre-requisites to play this “punt the penny stocks game”.

You are either the smooth stock operator who knows how to play the pump and dump game, or you are what I wrote about previously:

Youth-Your strength is you don’t know what cannot be done!

Have you noticed when you don’t know what you are doing you make money playing penny stocks? Never underestimate beginners luck!

But once you itchy buttocks start to pick-up fundamental and/or technical analysis, you now have no baxxs to play the pennies again.

It’s like quantum physics – the bloody sub-atomic particles don’t behave like in the real world!?

LOL!

Singapore Man of Leisure (welcome to my blog; just google it!)

Robert Kiyosaki – Unfair Advantage

mmltrader — Thu, 26 Apr 2012 04:00:00 +0000

Yesterday went for Preview for Unfair Advantage….

Trading sideways

mmltrader — Tue, 24 Apr 2012 01:45:00 +0000

Expecting a rebound tonight….

Market Overview – 23/04/12

mmltrader — Sun, 22 Apr 2012 15:31:00 +0000

S&P has been trading sideways in the last 9 trading session….

What is your WHY?

mmltrader — Sun, 22 Apr 2012 08:27:00 +0000

“Exactly, I heard a fantastic reason why the other day,” I said….

Consolidating for a big movement

mmltrader — Thu, 19 Apr 2012 03:09:00 +0000

S&P is currently consolidating for a big movement, either UP or DOWN….

Have you board the boat yet?

mmltrader — Tue, 17 Apr 2012 09:48:00 +0000

Have you board the boat yet?…

Robert Kiyosaki – Investing Isn’t Risky

mmltrader — Sun, 15 Apr 2012 04:28:00 +0000

Investing Is NOT Risky….