That's why I bought from 2nd half of 2009 onwards rather than nimbling down from 2008 to March 2009 ;)
I prefer to buy on the way up.
Trend followers are not smart (we don't say things like market over sold or over bought); nor great at buying/selling at the exact market tops and bottoms (horrible snipers).
I just hop on to the train and hang the hell on as long as I can.
When train approaching the terminal, I get off early since I did not buy any tickets. Wait ticket inspector check how?
Musket is not a rifle; I'm a musket.
But then, sometime lucky like hell!
A crazy fruit bought WTI crude at $34, I said why when price likely to dip below $30?
Nibblers bought DBS at around $16, I thought price easy to pierce below $15 when STI 2700 breaks.
Now waiting to see if SGX can pierce below $6... when STI break 2500.
(Sorry sorry. Too many misspellings and grammar mistakes even I cringed. Now the proofread version)
coconut,
I was so hoping someone else will take the bait...
No fish; prawn also good.
CW's blog is like mine, the commenters are regulars.
My comment to temperament, taken by itself, will mean like what you say. (Took me 10 minutes to press the publish button; keep asking why I should care if others burn?)
But taken in totality with my past comments over here, the astute ones may understand:
Investing mindset ------------------ Those who have taken realized profits and have socked past dividends under their pillows, precision not so "crucial". Sticking to a plan is. (Feel like puking as CW must be sniggering)
Traders mindset ---------------- Long WTI crude at US$34 is not a problem if you know how to take a loss ;) (I belong to this camp, duh!)
But if one does not know how to do either of the above, well... You better have PRECISION!
Speaking to 同道中人 (peers) and speaking to white papers cannot use the same language.
For eg, its so fun to do Zen combat with Rolf! I just introduced an animal - platypus - and he understood my poke. Even the butterfly spotted it ;)
exciting...can't wait to see how STI break 2500, if this week don't break, then may be after CNY liao! Some expert said this bear will not recover until to 2018, any comment?
LOL CW, what a question :-)
ReplyDeleteHaha..
ReplyDeleteCW,
ReplyDeleteI double confirm as seasoned chow tar retail investor, now it feels like end 2011 :(
At that time, recovery was quick once the US politicians stop shooting their own feet - there was QE and commodities prices were still sky high.
Now? Same same but different...
Where's the catalyst for quick market recovery this time? US Fed admit their mistake and reverse course?
I guess bottom-up retail value investors don't care. Just keep averaging down.
I'm cursed as a top down macro guy. Can't squeeze the trigger until I see the whites of their eyes :(
Putting my trader hat on, can't complain just as long there's no big whiplash moves!
temperament,
ReplyDeleteThat's why I bought from 2nd half of 2009 onwards rather than nimbling down from 2008 to March 2009 ;)
I prefer to buy on the way up.
Trend followers are not smart (we don't say things like market over sold or over bought); nor great at buying/selling at the exact market tops and bottoms (horrible snipers).
I just hop on to the train and hang the hell on as long as I can.
When train approaching the terminal, I get off early since I did not buy any tickets. Wait ticket inspector check how?
Musket is not a rifle; I'm a musket.
But then, sometime lucky like hell!
A crazy fruit bought WTI crude at $34, I said why when price likely to dip below $30?
Nibblers bought DBS at around $16, I thought price easy to pierce below $15 when STI 2700 breaks.
Now waiting to see if SGX can pierce below $6... when STI break 2500.
I'm investing my parent's retirement funds, but my parents haven't asked me how much they lost though lol
ReplyDeleteer i better don't add any more salt on the wound....
ReplyDeleteThis comment has been removed by the author.
Delete(Sorry sorry. Too many misspellings and grammar mistakes even I cringed. Now the proofread version)
Deletecoconut,
I was so hoping someone else will take the bait...
No fish; prawn also good.
CW's blog is like mine, the commenters are regulars.
My comment to temperament, taken by itself, will mean like what you say. (Took me 10 minutes to press the publish button; keep asking why I should care if others burn?)
But taken in totality with my past comments over here, the astute ones may understand:
Investing mindset
------------------
Those who have taken realized profits and have socked past dividends under their pillows, precision not so "crucial". Sticking to a plan is. (Feel like puking as CW must be sniggering)
Traders mindset
----------------
Long WTI crude at US$34 is not a problem if you know how to take a loss ;)
(I belong to this camp, duh!)
But if one does not know how to do either of the above, well... You better have PRECISION!
Speaking to 同道中人 (peers) and speaking to white papers cannot use the same language.
For eg, its so fun to do Zen combat with Rolf! I just introduced an animal - platypus - and he understood my poke. Even the butterfly spotted it ;)
ofcos one has to learn from their own mistake, no body can help.
Deletei just can't stand people thinking trading and investing is easy, and the truth is far far far from it.
coconut,
DeleteWhat can we do?
You would think fortune telling and astrology would disappear when men discover the Earth is round and it is Earth that revolves round the Sun...
Still around in the 21st century!?
And people actually follow fortune tellers and astrologists when it comes to stock investments!!!???
Maybe I should start my own: Guanyinmastockpicks.com!
Waiting to shoot my second bullet
ReplyDeleteexciting...can't wait to see how STI break 2500, if this week don't break, then may be after CNY liao! Some expert said this bear will not recover until to 2018, any comment?
ReplyDeleteWhat is that nice number that you want to "verify"?
DeletePast numbers are shown -> STI Bear Market Down Days
may be a 3++ at 2018 :)
ReplyDeleteaunties are hilarious! I also have hilarious aunties. I tell them: zero. I have sat on my hands for almost 1 year already when it comes to buying.
ReplyDeletegood indicator you have, uncle cw!