^V^
Mr zent trader from zent trader blog ^V^Is Jesse Livermore = Liverpool ? ha ha joking only, although i dont agreed with his method but pls dont link my name to him, cos I dont want to be ended up "suicide" ha ha n also I am just a small fly as compared to him, not even 1/1000 of his achievement ! no matter what,my idol is still Warren Buffet n Benjamin Graham ^V^
Know why i am so negative on TA ? long long story ... started from secondary school when i was in form six where i came to know this top student from Methodist Boy School, he was my classmate, highly intelligent with 5 A scored in STPM n granted a scholarship from Singapore U, till todate, we r still good friend n always keep in touch with each other ^V^ He was a top technical analyst in one of a leading international broking firm, he get himself burnt twice in year 1998 n also 2002, for year 1998 it is still acceptable if one get himself burnt but not 2002 !? Fyi, 2002 was my most fruitful year where I hv made more than 250K from stocks like Resorts, Ytlcmt n Ytlwb ^V^ because we r close friend, I told him about my gains, he then confessed to me that he was badly burnt by his TA on shares speculation,after that, he changed totally from a pure TA trader to a FA investor ! what i can tell u is >> he had resigned from broking hse 2 years ago n is now driving a brand new 7 series BMW ^V^ anyway, it is up to u guys to believe..
Rich or poor r not fated, if u choose to be what u r now, go ahead ^V^ I always believed one need to be changed b4 he can change his way of life, just like d lyric stated as below :
冥冥中早注定你是富或贫,
是错永不对,
真永是真,
任你怎说安守我FA,
始终相信FA是金(FA=Fundamental)
***
Date: Tue, 10 Jul 2007 00:44:39 -0700 (PDT)
From: "zentrader"
To: samltt88@yahoo.com
Subject: [Gaining on Shares Investment from Bloomblog (股海沉浮 之 万人皆醉 我独醒 )] New comment on ^V^ Bought 20 lots of Emivest @ 0.695 ^V^.
zentrader has left a new comment on your post "^V^ Bought 20 lots of Emivest @ 0.695 ^V^":
Uncle Sam,
I think your style more like Jesse Livermore. It is more than FA. You have good skill in reading the price tick. :)
Publish this comment.
6 comments:
Guru Sam,
Would u mind telling/teaching me how to acquire the knowledge of FA? Or where can I get books or info on FA. Coz I got burnt in 1998 and 2001 also. Thanx in advance.
how bout you sam...mercedes
s-class or ferrari ka? hehe
Sam,
Were your friend practising pure TA back then? I believe as long as we practise TA based on fundamentally good stock it would add extra value.
I don't think anyone nowadays would practise pure TA without looking at fundamental first.
Fundamental is the basic element required to successful stock trading.
Dear Uncle Sam,
I came across your blog a month back and have been glued to it since...visiting it 5-8 times a day, and get withdrawal syndrome when you don't blog anything!!! Wish I had known about it earlier. Hahaha...
I can attest to FA vs TA. I started buying shares 1 week before 1997 crash, mostly TA stocks...needless to say got burned quite bad...all savings gone. But I had to continue just to recoup my losses but switch to FA stocks instead (like IOI, Gamuda, Austral Enterprise, etc). Took me a long time to break-even since no more money and can only buy small, 1-2 lots every month. In 2002, excitement of TA and greed took over and switch back to TA. After a few rounds of losses, I stopped meddling in shares altogether in 2002. I started playing again February this year, as cannot tahan the excitement of a bull run, back to buying TA stocks. Yes I made some…but loss it all once again post CNY corrections. You blog sometime back that some people are still smarting from it…yes I am one of them…right now holding lots of really junk stocks.
I think I know what I need to do…sell of all these junk TA stocks and swap to FA stocks…however need courage to suspend the emotional aspects of realizing paper losses amounting to 50K.
I hope you don’t stop blogging about FA as you have said post Feb 98, even if you have stop investing. This will greatly help newbies and remind people like me not to foray into TA again.
David.
[P/S: I would be eternally grateful if you could add me to your distribution list, as I really need your guidance. Also, would it be OK if I email you occasionally for guidance and support? Thanks, btw I’m from MBS too. My email is davidckwoo@yahoo.com.sg - please remove email when you blog this. Thanks.]
Hi Uncle sam, I just found your blog and would like to learn from you, would be grateful if you could add me to your secretlist?
lsk27@hotmail.com
Thank you.
Uncle Sam,
Been following your blog really tight since 2006. I'm a very fresh investor. Started last year also.
No idea what analysis to use. I just based it on current sentiments.
I'd like to learn more from you. Is it ok to add me to your list?
spec.check@gmail.com.
Thanks lots.
Post a Comment