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 Stock Market V36: Return of the Bull, Part IV, Bull defies Newton's Law of Gravity

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simplesmile
post Aug 6 2009, 10:16 PM

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Hello my friends, I want to share a significant milestone with you. Today, I have accumulated my first hundred thousand. rclxm9.gif
simplesmile
post Aug 6 2009, 10:25 PM

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QUOTE(danmooncake @ Aug 6 2009, 10:19 PM)
I tell you..  correction definitely coming..this market is fake.
The bears are building base, anyone thinking recession is over is dead wrong.  brows.gif
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I am in stocks today. But I might be in cash tomorrow. I'll see how it goes. cool2.gif
simplesmile
post Aug 6 2009, 10:26 PM

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QUOTE(kroegand @ Aug 6 2009, 10:23 PM)
Do you think there'll be a sharp correction like in June?? people say the higher they fly, the harder they fall  hmm.gif


Added on August 6, 2009, 10:24 pm
Congrats ... Next target is 1 million rite??  thumbup.gif  thumbup.gif
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sweat.gif My next target is another 100k.
1 million, maybe achievable in 7 to 8 years.
simplesmile
post Aug 6 2009, 10:27 PM

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QUOTE(mopster @ Aug 6 2009, 10:25 PM)
I read about you... you've come a long way... went throught a lot..  notworthy.gif  notworthy.gif
Congrats on your first 100k!  rclxm9.gif  rclxms.gif

I need to ganbatte also...  brows.gif
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Thanks. I can testify that success is sweeter when you've put in the sacrifices. And you treasure these moments more when you've gone through ups and downs in life.
simplesmile
post Aug 6 2009, 10:51 PM

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Many thanks to all for your congrats. I shared my story with the hope that this can become an inspiration to others who are struggling to clear their debt or accumulate wealth. You're reading this from someone who's an average Joe.

zamans98, It took me about 3 years to clear off my 5 figure debt, and accumulate my first 100k.

QUOTE(zamans98 @ Aug 6 2009, 10:31 PM)
umm, u mean u got 100K profit from Share trading?  drool.gif
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jasontoh, about 3 years.

QUOTE(jasontoh @ Aug 6 2009, 10:33 PM)
Congrats, tailou. How long you take to achieve that?
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kmarc, thanks for pointing out the error. Must be the excitement. Ahead of my time. biggrin.gif

QUOTE(kmarc @ Aug 6 2009, 10:35 PM)
Congratz on your first 100k.  thumbup.gif

Some errors noted.  tongue.gif
I suppose you mean November 2008? Same age as me.  biggrin.gif How come only a 4.9% gain?  hmm.gif
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Added on August 6, 2009, 10:53 pmA: By becoming a business owner nod.gif

QUOTE(David_Brent @ Aug 6 2009, 10:51 PM)
rclxms.gif
Well done! icon_idea.gif
There's an old joke......
Q. 'How do you make a small fortune?'

A. 'You give a large fortune to a stock-broker'

laugh.gif
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This post has been edited by simplesmile: Aug 6 2009, 10:53 PM
simplesmile
post Aug 6 2009, 11:02 PM

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LOL, if you read my blog carefully, I've only made 4.9% gain since Nov 2008. Alot of members here make many times more than that.

QUOTE(David_Brent @ Aug 6 2009, 10:55 PM)
I am very worried as well..... hmm.gif

We're DOOMED....all of us........DOOMED, I tell ye!!!
Run for your lives.............DOOMED..............etc. etc..

laugh.gif


Added on August 6, 2009, 10:58 pm
Oh! To hell with all that...what I want to know is when you are setting up your own trading shop so that you can invest for me..... brows.gif

200K gets me how much over what time?? drool.gif ...and what are the management fees?? tongue.gif
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Thanks for congrats. I'm certain you will achieve your 100k soon.
Stocks, and futures. Haven't you read before my postings in this forum of myself being goreng-ed by sharks? biggrin.gif

QUOTE(debbieyss @ Aug 6 2009, 10:59 PM)
Congrats~!

I thought you told me you invest only Futures? Maybe i confused which and which...

I'm accumulating my first RM100k too
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This post has been edited by simplesmile: Aug 6 2009, 11:03 PM
simplesmile
post Aug 7 2009, 01:05 AM

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I started buying stocks last Nov 2008,... at the age of 30.
QUOTE(debbieyss @ Aug 6 2009, 11:42 PM)
I think Jason is young, too, at his age as a man.

Well, simplesmile started investment at young age too, early 30s i guess.

Nothing is too late to begin with. There's a will, there's a way.

My motto.

laugh.gif
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My investment gain is only 4.9%, most of my wealth now is savings from my salary and some side income.
My income from trading (or speculating) is actually negative. I made losses of about 4k by speculating.
QUOTE(claricecmw @ Aug 6 2009, 11:48 PM)
Wow interesting... May I know how many years have you been trading?
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35 months x 50 points rise = 1750 points rise? Is it possible in 3 years?
QUOTE(debbieyss @ Aug 7 2009, 12:25 AM)
who is the prince charming?
my problem is working hard to accumulate RM175k

now i'm just a monkey holding around RM15k

I'm also estimating now...

Let say 1 month rise average 50 points; if go for 2 contracts, will earned 50 X 50 X 2 = RM5K

RM175k / RM5K = 35 months, which is 1 year +

I'm still working a way out....
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Certainly you're not referring to me, right? I'm no big shark. I'm still a ikan bilis.
QUOTE(jasontoh @ Aug 7 2009, 12:39 AM)
Here got a lot big sharks....DB, simple, etc....the list goes on and on
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Very true indeed. As one gets older, then should take on less risks. But when I attend free seminars on stock trading, almost 30% of the room is filled with retirees. Well, at least they look like retirees to me.
QUOTE(danmooncake @ Aug 7 2009, 12:46 AM)
IMO, one cannot just live off trading when you're retire at around 40-50 when you have no monthly income nor even EPF supplements. You cannot predict the market any money in the market, one must be willing to lose it all.

Worse still, if you are still supporting your family.. your kids education will double what your parents had paid for yours.

When you're in retirement age, this is the time when you actually needs to BACK OFF from trading stocks and pull majority of your assets into safer investments like fixed income deposits, bonds, gold, etc..

Trade or Invest in stocks now.. not when you're much older.
Continue to work till max age to get full retirement package or pension (if you're govt servant) like 55-60.
Oh well. who cares anyway, right?.. The world economy is going to collapse in two years anyway.  brows.gif
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simplesmile
post Aug 7 2009, 09:35 PM

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"Unemployment fell by 267,000 to 14.5 million. The labor force declined by 422,000, which means the jobless rate fell because people dropped out of the work force, not because they got jobs. Employment in the household survey fell by 155,000."

http://www.marketwatch.com/story/job-losse...july-2009-08-07

Amazing isn't it? How Wall St is rallying because people dropped out of work.
simplesmile
post Aug 10 2009, 12:21 AM

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QUOTE(tessei @ Aug 9 2009, 10:56 PM)
historically KLCI drop big time 2X when hit 1194 level    brows.gif
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This time the bull will stampede right past 1234 points.
simplesmile
post Aug 10 2009, 10:32 AM

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CI RED! CI RED!!
simplesmile
post Aug 10 2009, 10:39 AM

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QUOTE(SKY 1809 @ Aug 10 2009, 10:35 AM)
Call the monkeys to stay awake. vmad.gif
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Monkeys can't do much. AS1M not selling well. The monkeys have no bullets to mess with the market.
simplesmile
post Aug 10 2009, 11:19 AM

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QUOTE(debbieyss @ Aug 10 2009, 10:56 AM)
futures...

i ain't playing stocks at this moment
@Simplesmile, how's your futures trading?
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I'm too chicken to short now.
Waiting for bottom signal before I long the market again.
simplesmile
post Aug 10 2009, 02:13 PM

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QUOTE(sampool @ Aug 10 2009, 01:18 PM)
i dun think market will drop much in oct. market will only crash when many dun believe it will, but seem many ppl are ready for the crash, so it wil not happen or just some minor correction. we are now trading back in year 2005.

if the election is come at end of 2011 and 1 year b4 we will see the ci above 1500 (i guess) at the end of 2010, which is about 1 year from now. mean at least there is 300 points to jump. my 2 cents.
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Talking about election... if Pakatan scores another surprise, will the stock market crash 10% again? If we want to buy shares on the cheap, does that mean we should vote for Pakatan, and hope the next day market crashes? hmmmm....

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