sti collapse towards 1,444 has begun

[FP_IFA]

Livermore was broke in 1908, 1914 and maybe 1940 when he died. His strategy if it really useful (rather than luck) was at best hard to implement and takes huge discipline to adopt. Now if you give me a choice, I would rather just follow Buffett's method because I would be less stressful and not kill myself mentally and physically over my huge up and down trades.

Or maybe traders can hope for George Soros to write a book.

 

[trento]

Jesse Livermore is not a trader nor an investor.

He's a speculator.

Before the 1929 crash, market governance was very lax. He, together with his rich friends, use their financial power and false press releases to pump up the stock market to make money.

They are one of the main reason for the stock market bubble.

He was lucky because he managed to short the market at the beginning of the crash, making him millions.

After the crash, the government set up new policies to stop stock market speculation, like what he used to do.

After that, he was never able to recover.

Like an insider trader, once he losses his insider information, he cannot trade any more.

Once the policies were put in place, he cannot make money from the market any more.

If he's a real trader or investor, he would be able to recover from the crash.

he was a successful trader when at a very young age trading in bucket shops. He recognised certain algorithms. He then lost and gained trading on Wall Street. He did engage in manipulation too. but take nothing away from one of the greatest of all time.

 

[trento]

Livermore was broke in 1908, 1914 and maybe 1940 when he died. His strategy if it really useful (rather than luck) was at best hard to implement and takes huge discipline to adopt. Now if you give me a choice, I would rather just follow Buffett's method because I would be less stressful and not kill myself mentally and physically over my huge up and down trades.

Or maybe traders can hope for George Soros to write a book.

y not just look at both and learn from both. Buffett is great but sometimes, extra knowledge doesn't hurt.

 

[dork32]

uncle, not accurate leh. drop 2 days already start to recover. since you start predicting your doom and gloom share prices have actually gone up.

during the 2008 crash, prices drop continuously for dont know how many days.

 

[guowei]

preparing for the stock mkt crash ? LOL

its funny to see ppl worried abt fed tightening.

All abt demand and supply game.
how abt this... ... how many shares must be sold to cause a stock to go up or down ??

Noone want means the shares have zero value then in theory zero shares would be the amount to crush the market.

 

[guowei]

uncle, not accurate leh. drop 2 days already start to recover. since you start predicting your doom and gloom share prices have actually gone up.

during the 2008 crash, prices drop continuously for dont know how many days.

at first is like this one, experience traders know that first drop will attract fat sheep in. ppl who look at chart and go "its a good time to buy!"

 

[trento]

at first is like this one, experience traders know that first drop will attract fat sheep in. ppl who look at chart and go "its a good time to buy!"

Not always true. Strong stocks keep getting stronger. So one can still ride the wave when it's going up.

 

[trento]

uncle, not accurate leh. drop 2 days already start to recover. since you start predicting your doom and gloom share prices have actually gone up.

during the 2008 crash, prices drop continuously for dont know how many days.

The 1929 crash started with a mini crash first. Market recovered n we all know what happened after.

 

[guowei]

Not always true. Strong stocks keep getting stronger. So one can still ride the wave when it's going up.

fat sheeps loh, real trader buy low sell high. fat sheep see the graph go up and jump in to get some action.

most of the time the fattest sheep would be the one who buy at the peak.

 

[trento]

fat sheeps loh, real trader buy low sell high. fat sheep see the graph go up and jump in to get some action.

most of the time the fattest sheep would be the one who buy at the peak.

A bull run can last from a few days to few weeks. The fattest sheep buys at the end of the peak, which is not good. Those bought before would have profited. As long as a trader goes in somewhere in the beginning, he has followed market trend, certainly not a fat sheep.

 

[guowei]

A bull run can last from a few days to few weeks. The fattest sheep buys at the end of the peak, which is not good. Those bought before would have profited. As long as a trader goes in somewhere in the beginning, he has followed market trend, certainly not a fat sheep.

if u buy at 1 dollars, no fat sheep buy from u at 1.1 dollars, ur stock forever at 1 dollars.

The peak happen when the fattest sheep go in. without fat sheep the price wont go up arh.

 

[itedino]

watch bank movement. if fall, bank number one to fall

 

[trento]

if u buy at 1 dollars, no fat sheep buy from u at 1.1 dollars, ur stock forever at 1 dollars.

The peak happen when the fattest sheep go in. without fat sheep the price wont go up arh.

Tats good. As long as the price goes up, who cares. I'm sure the fat sheep will also lock in profit. Point is as long as make money, tats what counts.

Anyway, look at real life example. Last night, PCLN up 4%. Fat sheep gone in. Let's see tonight strong stock get stronger.

 

[Knight_Rider]

if u buy at 1 dollars, no fat sheep buy from u at 1.1 dollars, ur stock forever at 1 dollars.

The peak happen when the fattest sheep go in. without fat sheep the price wont go up arh.

Buy teledata at 6 cents is the fattest sheep. No matter how you stack you will die a horrible death.

 

[Shion]

uncle, not accurate leh. drop 2 days already start to recover. since you start predicting your doom and gloom share prices have actually gone up.

during the 2008 crash, prices drop continuously for dont know how many days.

i rmb last time got this stock thread at edmw, he also post there, but mostly is not accurate

just saying. no need to treat what he says too seriously...

 

[uncle168]

the worst thing to happen when the market retrace but never exceed the point of the last high is that new batches of baby sitters are formed

they would lose money the next day much like those who own property recently and are in negative equity

its a vicious cycle when u dollar average when the bear market has just begun as qe3 ends and interest rate starts to rise

 

[uncle168]

18pts to MA50

do you dare to buy the retrachment?

keekeekee

MA50 cuming

 

[uncle168]

my strategy is to save less than S$50K cash in the safest bank in singapore which is posb

then wait for the market to crash

my aim is not to spread fear but build awarness of the risk of buying stocks

the risk of losing money buying stocks is extremely high no matter what stock you buy

the only way to make a lot of money is to wait for a major crash

then you can get 20-50% dividend yield on blue chips

it may never happen

but you still have plenty of liquid cash

but when it do happen

you will become very very rich

keekeekee

 

[greddy88]

Less than 50k or liquidate all into cash and wait out? From your scenario it seems like the latter?

 

[uncle168]

you will never be able to time a rebound or a gap down consistently via timing your trade

you will end up losing money shorting a bear market when it retrace

you will end up losing money longing a rebound when it continue its gap down

the correct strategy is to do nothing as the bear market pans out as more and more companies starts to lose money and default on their mountain of debts forcing them to foreclose their property portfolio creating a massive oversupply of empty football fields

a vicious cycle of negative equity and foreclosure will wake up the bulls that stock price can rise but it can also plunge and you can lose all your money buying stocks or reits chasing yields that is actually your own money

keekeekee