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 How Successful Are You in Stock Trading?, Stock trading Newbie

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Babablacksheep
post Jul 28 2009, 11:45 PM

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QUOTE(cherroy @ Jul 27 2009, 10:51 PM)
The topic carries no meaning for any understand on stock market front, it is more about personal issue instead of stock market related issue.

1. People's experience occassionally being shared at stock market thread if one follows the thread.

2. Doesn't it matter? A person may start at 1,000, B person could start at 1 million, so what's the point of knowing it?

3. Wrong question, successful in term of what, gain money? Gain 10%? Gain 100%?
I might gain 7% from the stock market annually, I consider a successful investment because it yield 3x FD is offering.
While the other gain 10% consider it is not a succesful trade. Success is the wrong word to use in investing. Investing is on going process, that's no end result liek score card that getting 80 points then it is an A, successful.

4. Does it matter?

5. Does it matter? People surely gain lot of money in bull market, while lose in bear market even Warren Buffett also registered negative return in bear market. 

A person can be earning big or fortune from stock market, B person can lose his/her pant in the stock market. So tell me, is the stock market a good investment target? How to answer it?  smile.gif

No offence, just the question asked is trivia or none related issue in stock market discussion.  smile.gif

Cheers.
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Cherroy always counter questions as if paparazzi are asking lol :-P
mopster
post Jul 29 2009, 12:28 AM

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1)Know your risk appetite well. (I'm timid, so I prefer stable stocks. tongue.gif)
Do your own research and seek advice.
Alike many LYN members, I prefer stocks with good Fundamental
Missing a boat is better than hopping into a pirate ship (Dont be greedy)
Dont play with things that you dont know

2)Depends on your stock pick. If your capital is low, it is tougher to buy mid/big capital stocks (>RM5.00). Just my opinion.

3)Success in stock is very subjective imo. Personally, I'll be happy if I can have steady gain of 8-9%pa with a fair amount of effort. ie I dont have to stare at the screen every minute, or have sleepless nights after buying stocks, which I think that is not so healthy.

4)Im very green in share market,, DOB June 1 2009.. sweat.gif so take my words with a kg of salt tongue.gif hehe

5)Im sure there are, but I know many of my dad's friends lost a lot...

All the best to every investor in LYN icon_rolleyes.gif
p/s : my 444th post wub.gif

This post has been edited by mopster: Jul 29 2009, 12:30 AM
dreamer101
post Jul 29 2009, 05:37 AM

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QUOTE(sdas86 @ Jul 27 2009, 10:11 PM)
Hi everyone,
I am in stock market trading for around 1 year but I still consider myself as a newbie because I am getting started and hope to become a great stock traders in the future. I want to earn more money to buy properties as investment.

1. Could you please share with me your stock trading experience?
2. How much money you get started?
3. How successful are you now?
4. How many years of trading?
5. Anyone make a lot of money from stock trading?

A lot of people say that investing in stock market is gambling. For me, it is not a gamble. I read quite a lot of books about stock trading, fundamental and technical analysis. I learn and read Warren Buffett investing technique and I learn how to trade.

Is stock market a good way to invest? shocking.gif
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sdas86,

1) I used to trade stocks. Now, I only play with less than 5 % of my portfolio. And, that is GAMBLING.

2) How successful I am??

I succeeded in LOSING 50% of my life savings in Internet Bubble. So, no more stock trading for me.

<<A lot of people say that investing in stock market is gambling.>>

If you CANNOT buy a stock and go to sleep for 5 years, you are GAMBLING.

3) How successful I am now??

I succeeded in LOSING 30% of my portfolio from the LAST BIG CRASH. And, that is a BIG SUCCESS because the whole market dropped 50%. Plus, I do not even care. I sleep soundly over the crash. Let's hope the bear market go on even further.....

4) I do not MAKE money from trading. I LOST a lot of money from trading.

I ONLY INVEST in one counter. The rest is spread on INDEX FUND. I bought 2000 largest public companies in USA and 2000 largest public companies outside of USA.

Dreamer

This post has been edited by dreamer101: Jul 29 2009, 05:39 AM
TSsdas86
post Jul 29 2009, 06:21 PM

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QUOTE(chowv8 @ Jul 28 2009, 11:39 PM)
I trade for more than years, almost gone through many cycles, ups, downs, very downs..

Pay a lot of school fees but ultimately learn a true lesson, never be greedy. No matter how much you make according to those gurus mentioned in text books, if you stay at the peak of any cycle, I mean u get caught with all your money in a sharemarket, you are definitely a looser.

My one sen thought. Trade within your means, always stay cautious.
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I agree with you. As long as we make profit, then we should let go. Don't be too greedy. smile.gif
Jordy
post Jul 29 2009, 06:28 PM

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QUOTE(sdas86 @ Jul 29 2009, 06:21 PM)
I agree with you. As long as we make profit, then we should let go. Don't be too greedy. smile.gif
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sdas86,

A new lesson for you. Greedy in our context means chasing speculative stocks hoping to gain most in shortest time possible.
cic.lemur
post Aug 3 2009, 02:33 PM

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QUOTE(sdas86 @ Jul 28 2009, 06:47 PM)
For me, I really need some advice regarding investment in stock market. I need to know how successful investors in stock market. How people are doing in stock market. And, how people get started, how much money to get started?

So everyone, I am sorry if this topic is not related to stock market but this topic is indeed IMPORTANT for all beginners to have their Emotion and Mental to get started, to get The Answer to start investing in stock market.
My advice is to read, and then read somemore. Don't get caught up in emotions, trying to get one the boat that promise to move very fast now before you are in a position to understood what is happening. There'll always be opportunities later.

This post has been edited by cic.lemur: Aug 3 2009, 02:34 PM
cherroy
post Aug 3 2009, 02:54 PM

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QUOTE(sdas86 @ Jul 29 2009, 06:21 PM)
I agree with you. As long as we make profit, then we should let go. Don't be too greedy. smile.gif
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I don't fully agree on the staement as long as make profit, we should let it goes. smile.gif

Just like one has bought Pbbank at 8.00, then at 8.20, got profit, so let it goes? So you only earn 20 cents out of it, while after 10 years, it could become 15.00.
Too greedy not good, too short sighted also not good.

It is not like gambling, once gain, cabut already. Unless one treats share market is a gambling table, then different story. smile.gif

I would say stock also is another asset class one can diversiy into instead of holding cash as FD, or bond etc. It can be another asset class that for long term investment which can achieve through invested in steady, well run/managed copmany which always never disappointed their shareholders one.

jasontoh
post Aug 3 2009, 03:12 PM

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QUOTE(cherroy @ Aug 3 2009, 02:54 PM)
I don't fully agree on the staement as long as make profit, we should let it goes.  smile.gif

Just like one has bought Pbbank at 8.00, then at 8.20, got profit, so let it goes? So you only earn 20 cents out of it, while after 10 years, it could become 15.00.
Too greedy not good, too short sighted also not good.

It is not like gambling, once gain, cabut already. Unless one treats share market is a gambling table, then different story.  smile.gif

I would say stock also is another asset class one can diversiy into instead of holding cash as FD, or bond etc. It can be another asset class that for long term investment which can achieve through invested in steady, well run/managed copmany which always never disappointed their shareholders one.
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Very true. We should not be so short sighted, when we invest, we look at long term picture. Thought I time the market very well, and then end up with tiny gain, compare if I hold longer
iamsuccess
post Aug 3 2009, 08:35 PM

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Started investing in stocks beginning of this year. Got an online brokerage. I am averaging around 30 - 40% returns. Only invest in 2 counters at the moment. Before this, I only invested in unit trust but the returns are really not that attractive but I still invest for my own retirement, children education and epf. Unit trust I invest on a monthly basis. Stocks only when I have a lump sum to invest and when I find a stock to be at an attractive price.
TSsdas86
post Aug 3 2009, 09:17 PM

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QUOTE(iamsuccess @ Aug 3 2009, 08:35 PM)
Started investing in stocks beginning of this year. Got an online brokerage. I am averaging around 30 - 40% returns. Only invest in 2 counters at the moment. Before this, I only invested in unit trust but the returns are really not that attractive but I still invest for my own retirement, children education and epf. Unit trust I invest on a monthly basis. Stocks only when I have a lump sum to invest and when I find a stock to be at an attractive price.
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Hi,
What is the counters you are trading? smile.gif
dilla
post Aug 3 2009, 11:13 PM

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QUOTE(sdas86 @ Aug 3 2009, 09:17 PM)
Hi,
What is the counters you are trading?  smile.gif
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I alos want to know the counters that sdas86 is investinbg bcos he has made 30-40% from 2 counters...this is great and the first forumers I seen who made such a huge profit...mind sharing with us your 2 counters
simplesmile
post Aug 4 2009, 12:35 AM

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After investing in stocks for about 8 months now, my portfolio gain is a paltry 2.6%, slightly above FD rate. Not enough to compensate for all the additional tension I've been facing.
DanielW
post Aug 4 2009, 12:45 AM

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QUOTE(dilla @ Aug 3 2009, 11:13 PM)
I alos want to know the counters that sdas86 is investinbg bcos he has made 30-40% from 2 counters...this is great and the first forumers I seen who made such a huge profit...mind sharing with us your 2 counters
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He mentioned that he started investing early of this year. That means he escaped the bear rally last year. The bull rally started middle of March this year. So, if u started investing early this year and picked the right stock, surely you can profit 30-40%. biggrin.gif
TSsdas86
post Aug 4 2009, 06:38 PM

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QUOTE(dilla @ Aug 3 2009, 11:13 PM)
I alos want to know the counters that sdas86 is investinbg bcos he has made 30-40% from 2 counters...this is great and the first forumers I seen who made such a huge profit...mind sharing with us your 2 counters
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Hi,
I think that you misunderstand the conversation, I am not the person making 20 to 30%. It is another person.

So far, I make around 12 to 15% only. smile.gif

 

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