FTI;
TY will digest on your inputs.Appreciate.
TY will digest on your inputs.Appreciate.
Technical Analysis Fallacy
- #35,125
- Jul 24, 2012 6:30am Jul 24, 2012 6:30am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
Hi fti,
this is only my second post because of language difficulties prevent me to trade with the dance and in the same time follow the thread. I've read so far over 200 pages and the first 50 I have read them several times. I'm slowly getting into the mentality and I am trading demo since three months with some success.
But why I write now is because I have hurt the story of your health that you feel in a terrible state of waiting for death.
Well, I think that doctors can make mistakes in their predictions, because our modern medicine can...
pekko.i will read it slowly and try understand it.
thank you for helping.
regards
- #35,126
- Edited 6:54am Jul 24, 2012 6:44am | Edited 6:54am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
Hi fti,
seek your advise on non forex related issues. Based on your expertise on Art of War, what would be your suggestion to this scenario.
I hv about a couple of hundred k $ placed mainly on local stock market (Singapore) and I guess the value of which is 60% . Mixed of blue and penny stocks . Given the uncertain future, I am very tempted to just throw in the towel and convert all to cash - with a wait and see approach. I believe the mkt will be worst next year than it is now.
Would you think I am sound or insane , to throw all out now,..to...
you not sound insane yet.but very disenchanted with your devaluating investments.
You may be right to believe that the economies are slowing down every where.
Form all the released figs, is seems that is the trend.
I cannot advice you what you should do with your portfolio.
Because i not in the equities markets, that decision you have to shoulder by yourself.
But i note you carrying blu chips, which should be robust paper.
penny stocks, are actuslly venture capital, so you must have prepared mindset, lost all of that anyways already before you bought them?
but you will never know. Blue chips were once penny stocks.
But i caution you not to be rackless or panic.
The situation is although they are performing bad, but if they pay dividents, will be holdable.
Even in bad times , not every corporation contracts, it depends on the managers running it.
I believe you should be ok, if you not purchased on margin.
Just some moneys in jail.
Please understand that forex is not something you familiar with yet, and to convert all in haste will put you in dangerous position if you come to a drawdown learning curve.
Note that forex is traded on leverage and if you mishandle that is a very sharp sword.
You must test yourself out first in demo.
or trade nickel and dimes, until you fully confident that you have necessary skill sets and mindset survive in the very fast forex markets.
Take time learn first.
make the transition very slow.
only add on to things thats working.
never add any , in distress.
Only if its working and you confident manage it.
If you hard core intent to get out of equities, I can only suggest that you place the proceeds into a bank for parking.And lock it away , until you can find a productive use for the funds.
No dangerous adventures please.
Saving a nesting is a hard process.
REMEMBER, in difficult times, Cash is KING.
regards
I have little infoabout your personality or your profession, so my advice is very generalised.
- #35,127
- Jul 24, 2012 7:00am Jul 24, 2012 7:00am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
there is somekinda bastard defending 12090
he had been manipulating with size since yesterday.
i think is time make him bankrupt soon.
regards
he refuses to die.ok
maybe is time dump euro from portfolio, and go to more unmanipulated pairs.
Then he can sit there and value the euro anywhere he like,
i for one not want any of this toilet rolls in my portfolio until they resolve the possibility of becoming banana notes
regards
- #35,128
- Jul 24, 2012 7:41am Jul 24, 2012 7:41am
I have little infoabout your personality or your profession, so my advice is very generalised.
Hope that provides some background.. I am still plouging on the thread,..still under 100 pages..
- #35,130
- Jul 24, 2012 9:21am Jul 24, 2012 9:21am
Thx fti for your reply. Because homebuilding companies went bankrutp, my uncle lost his job and one other friend who has company in that sector, was screwed for almost million, as he did some job for one bigger company, but they didn't pay him for his job, and they have powerful connections so he can't do anything about it, but life is like this.
otherwise today I applied for local bank here, to be financial analyst kind of student work, maybe like internship, and maybe they will take me, since I have some results from student trading competitions and good bloomberg score. It will be good outlook how things work in banks, and I will see if this career is good for me
About money it should be some standard wage for student works, but I really don't care that much.
otherwise today I applied for local bank here, to be financial analyst kind of student work, maybe like internship, and maybe they will take me, since I have some results from student trading competitions and good bloomberg score. It will be good outlook how things work in banks, and I will see if this career is good for me
About money it should be some standard wage for student works, but I really don't care that much.
- #35,131
- Jul 24, 2012 9:33am Jul 24, 2012 9:33am
Shorted EURUSD. Had to rescue the trade a bit. Exited with a small loss due to 1. Poor timing on entry, 2. exited too soon. Generally a good lesson for my first live trade
Dust myself off and look forward to a new battle.
Thanks, fti.
Regards,
King
Dust myself off and look forward to a new battle.
Thanks, fti.
Regards,
King
- #35,132
- Jul 24, 2012 11:12am Jul 24, 2012 11:12am
- Joined Feb 2008 | Status: Cartographer | 1,981 Posts
Shorted EURUSD. Had to rescue the trade a bit. Exited with a small loss due to 1. Poor timing on entry, 2. exited too soon. Generally a good lesson for my first live trade
Dust myself off and look forward to a new battle.
Thanks, fti.
Regards,
King
Never exit too early or too late because nobody knows the future.
No guilt.
How were your emotions when lived?
Empty as water and soft as a facing wind mountain
- #35,134
- Jul 24, 2012 11:34am Jul 24, 2012 11:34am
- Joined Feb 2008 | Status: Cartographer | 1,981 Posts
Empty as water and soft as a facing wind mountain
- #35,137
- Jul 24, 2012 12:06pm Jul 24, 2012 12:06pm
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
Lex,
Welcome to forum , seems you are already pro...let em give some details what we do here...we are here more like family then networked people..the top of family is FTI and as top of family he gets loving and angry sometime..
and most of time now we rarely talk clearly...we just say here and there with some hints what is to be said..if you want an e.g. try seeing Gro ...
i saw your trading profile and i see you already made around 30% in less then week....
as in rule as FTI told Pros rarely network on internet but in real life...
... e.g. try seeing Gro?!? ... all show my bird and pig in my profile
Rgs
- #35,138
- Edited 3:09pm Jul 24, 2012 12:22pm | Edited 3:09pm
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
Now that's the hard part. Be water... doesn't it mean "boundaryless" or "go with the flow"? We (sorry for the generalization) were taught to follow rules and have boundaries (especially from my upbringing). It's a tough nut to crack. Wonder if anyone has any suggestion re learning such skills...
Thanks.
Regards,
King
Rgs
Kindness of a "old man of the mountain," it will help you understand
- #35,140
- Edited 5:07pm Jul 24, 2012 4:46pm | Edited 5:07pm
- | Joined Jul 2007 | Status: Trader | 2,994 Posts
Be like water (still better to be like the wind-master Sun) has its firm principles.It is necessary to understand.You have to have and not discovered in the action.Otherwise you are in bad habits and reactions.
rgs
You ok?...this is the clearest message you ever written....
seriously
http://www.nytimes.com/2012/07/25/bu...s.html?_r=1&hp
V