can u tell me how many of ur fren or acquaintances r playing shares? how long have they been playing?
normally those who start in this share market game, at first r very aggresive & wan quick gain
once lose $$$ many times, they will become demoralised & passive

if being a doctor can earn millions, does everyone become a doctor?
My interest is in shares & I like to spend time on it, some of my frens like spent time modifying cars, its their intrerest. not bcos they want to be a mechanic My business frens just invest in blue chips & pubic funds. they have no interest in market & they luv their own business

very rare I see anyone start off so takut in shares & stay takut all the time, unless they have heard lots of monster stories from auntie in pasar
since u r a newbie, u can give ur answer 2 years later
& u can earn that respect by giving good tips & let everyone see how ur watchlist perform in the next few months
Mine is muhibah $1.08, refer old postings or hop by usa thread & involve no backhand talking

ok, so can we end the debate over tis oldbie & newbie thingy? keep the thread to its original purpose! otherwise all for no reason

This post has been edited by sulifeisgreat: Dec 5 2010, 08:09 PM

i'm gonna give my view on this.

yok's got a point though, so do you. my generation 'kids' (as u guys call them ) a lot of them are thinking this way. going into forex, into warrants first before understanding the dynamics of the market. compare it with the older 30-40 y/o guys i meet at the Bursa market chats / AGMs, their approach is different.

i enjoy reading yok's morning coffee reports so..
would love to hear your view on the markets also

anyway, .. we're all here to learn and contribute right! doesn't matter what view it is as long as its a view that makes $$ and i learned a lot thanks to the seniors here.

well then, I also enjoy reading the klse thread, since u guys got the pulse on the local market
my era, no different, all wan make quick bugs by just listening & reading the analyst report etc
I also got burnt in klse during my virgin days, many moons ago. did forex, futures, warrants, penny/goreng counter & wat not

no one I know started off with high dividend defensive counters, we all just thought we were smart & wanted to show we can do better
now that I hav eaten my portion of kicap. I will tell newbies to invest in high dividend defensive counters
the only problem for some of them, it is very pricey & slow moving

no point talking about woulda, coulda or shoulda, its all in the past, we must move forward & learn from mistake
some can progress to fa, ta & combine both. others just surrender or went halfway, be passive & go for unit trust & etc. its a free world!
ur own passion & drive for something will deliver ur own rewards

how is their approach? compare it with the older 30-40 y/o guys i meet at the Bursa market chats / AGMs, their approach is different.

wah what can i say, you already took the words outta my mouth.
i must say you described my journey so far pretty much

anyway, my observations about the older guys approach (those at the bursa market chats) is that most are quite new to the market. Current holdings incl Unit Trusts, Gold, traditional heavyweights (like Btoto, Public Bank, Genting and maybe some recent hot stocks etc), Forex (mostly Aus), and foreign-FDs for their kids. they were looking for ways / hot tips to improve their capital gains. most of the guys i've talked to (including my dad, but i taught him a bit of TA ) say that TA is a new thing to them. in fact the odd thing is that most of them have their capital invested elsewhere, in Hang Seng (incl. A-shares), Singapore, US, Aus. Most haven't even heard of REITs or what their structure is like.

but thats just my observation from talking to people at these events, they might be an exceptional case i don't really know.

This post has been edited by teehk_tee: Dec 5 2010, 08:57 PM

Not yet one year. But not very young also lah.
My graduation day will be when I reach 5 years.

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Added on December 5, 2010, 9:31 pmYa, agree that many don't have any idea what REIT is. I was quite surprise when talking to them, and some have more than 10 years trading experience. And not to mention TA, almost zero % of those I know care to learn TA. However, for long term (3 years and above as defined by unit trust) investment, it makes sense that TA is not so important. Remember pana always said. just buy lah, why care that few cents to queue.
I can see nowadays, investors are getting more and more pro, willing to learn to understand FA and TA, instead of by TIPS. A lot of old folks play stock by TIPS. I also have a friend that his father is actually having a "retired bosses fund". They retired, and they are very rich. What they do is they gather millions in hand, and play/create TIPs to earn money. They are what we called sharks.
I kena a few times by tips thing. Now, I rather stay safe, buy on good FA stocks, with the support of TA.

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Added on December 5, 2010, 9:32 pmTaikor, would you mind sharing your comments on current market situation? I am kind of worry on two things:
1. korea war that involved china and US, and also sort of involved Japan now!

2. hot money. I was wondering if our index was being pushed up 5-10% by it directly or indirectly, what could happen when it leaves us? Will our index drops 5-10%? do you mind share your pass experience on hot money issue as when comparing it with current situation of malaysia economy?

Thanks!!


This post has been edited by yok70: Dec 5 2010, 09:32 PM

i started my investment when i was in college,yr 2008. Borrowed money from fren to invest gold as that time year 2008,gold was too cheap.. went in and out 3 times on paper gold.
after that, AUD fall below SGD, went in buy some AUD also... then started stock in 2009.
So, Im also noob bie.
hahaha~

This post has been edited by Jtic: Dec 5 2010, 09:34 PM

Are you making profit?

I can tell from my experience and personal view.

This kind of event only got effect for short term.
In fact, if tension blow out, the created panic mode could be a buying opportunity.
Mainly because it couldn't blow out to full tension event or WWII like issue.

No matter how, China-US-Japan are having close relationship to each other, one rely on the other, in term of economical way.
Those are more political issue only.

Eg. Iraq war, 911.

Thanks!

In this case, the "buying for christmas" wish in US may not be as good in Asia....it's a buy low vs. average down case here. Gotta do some math on calculating the possibility ratio now. 344*0.485+(435.657^87-847*0.7463)/((22*3930.57-445)+(77880.32/654).....

so far ok o~
as i bought gold, aud all at almost btm point.
then i started touch stock in march,2009~ also when the time, every counters simply fly.
wat i wanna say is my holding power was too weak during the march-sept 2009, the 1st 6 mths when i started play stock. i bought many counters damn cheap but also sold many counters in damn cheap price with just peanut profit.....
now my holding power already much improve

wah....holding power is really important woh. If you hold those in 2009, now you probably double capital already.
so first lesson to learn: holding power if there is no reason to sell.

Exactly. Most stocks that I bought in Feb-March 2009, now should double at least. Some sold it earlier this year, some, still keeping. Even when I told my friends that most of my trades gained at least 100%, but they found it hard to believe but if you look at overall market, no matter what stocks that you bought in 2009, now should at least double (good fundamental stocks though). I do see that the more often we trade, our profit margin will become lower and lower even though you are actually making money from every trade. Not sure why this happens though.

This post has been edited by jasontoh: Dec 5 2010, 10:31 PM

well, one stock going 100% is equal to 5 times ~20% gain. its not easy to pull of 5 20% short term trades because need to spot 5 potential movers.

not many people can do that unless they play leverage like warrants. so technically you got stellar performance!
my holding power for 09 was too weak. up 20-25% i run and switch stocks. this year hehe, 50% also duwan let go with 10% trailing.

that's another good tuition fee paid.

This post has been edited by teehk_tee: Dec 5 2010, 10:44 PM

This is what buffett said right? he said hold gains more, because if you sell, you may not be able to catch the first train when it rally.
I did set up a target of 70% profile keep for mid/long term, 30% for speculations. But until today, still hard to achieve that. Because my profile still not clean, still got some underperform laggard stocks with huge loss right now, so capital stuck. Such as bjcorp, msports, supermax, p&o. Why i still keep them? Because 1. huge loss. 2. still got hope on them to rebound.

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Added on December 5, 2010, 10:51 pmya, tuition fee paid and learn.
one said, stock trading is very easy, just hold some good stocks, don't sell until 100% profit. And for those losing, cut loss when it reach 30%.



This post has been edited by yok70: Dec 5 2010, 10:51 PM

sorry sulifeisgreat if i created useless reply in this thread

So its so difficult to invest stock using short term method?
Because i'm more interested in short term than long term, using reversal indicator method but (but so far i don success much, making lose now )

how to buy paper gold?

If you read Berkshire Hathaway annual letter written by Warren Buffet, you will gain some insights on how he trades stocks. They evaluate a company rigorously and make sure that this company is going to dominate the market in the next 50 years (I make out this number but you get what I mean). The last step is to buy when the company share price is low, i.e. buy on weakness (I make this out as well), then sit on the ass and see you money rolling.

Nowadays, they don't trade it this way since their capital is overwhelmingly large. Instead, they buy the whole company or be the major shareholder.

Personally, I won't encourage people to trade in short term. Having a longer period, it helps to smooth out the fluctuations and noises. It's just what I do.

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Added on December 5, 2010, 11:47 pmI think he refers to Gold Future. One of the biggest sharks in this market is George Soros.

This post has been edited by Mr.LKM: Dec 5 2010, 11:47 PM

i dunno. it's possible to make big and fast. really up to your style but buffett-style is mega holding power.

IMO, TA by itself is quite ineffective without understanding the remaining factors in the market (sentiment, stock profile, management, hot sectors etc). but pure TA is more useful for derivatives .

Lol thanks, i'm a technical personal so quite interest on TA but will try learning the fundamental as well
Any good book to recommend for short term investment?

i dunno lol i alphabet blind (buta huruf) one, if you're interested in TA then u can get chartnexus, and spend hours on it playing with the charts like me