See my trades for 1 month - Page 2 - Singapore's Online Community

**Cheskiz** · 28-09-2007, 06:35 PM

Lautouzhi, nice trade, all the best :biggrin4:

Dear traders,

How do most of you people tackle slippage??

**Ican** · 29-09-2007, 02:06 AM

	Quote:			Originally Posted by Lautouzhi
	One must understand the simple rule of trading. Actually all these shouldn't come so soon, I thought another 2 weeks more then i share more theories with you guys. I saw some threads expressing interest in stock market, since trading is part of my life, I thought I may be able to share some experiences with people here. Stock market is it like retailing, you buy cheap, you sell higher to lock in a profit. There is only 1 difference, the market determines your selling price. If the market sentiments is good, the share price goes up. Of course this work both ways. You want to sell a product, you will research the demand of the product. You will wanna know the true value of the product. So you know what price can you bring in the product and at what price can u sell it. .......To be continue........ I will finetune what I write here later when I have the mood and time. There is alot of analogy to make stock market a little easier to understand.

This is what I meant by valuable information. keep it up....

**djchris** · 29-09-2007, 02:46 AM

	Quote:			Originally Posted by Cheskiz
	Lautouzhi, nice trade, all the best :biggrin4: Dear traders, How do most of you people tackle slippage??

What's slippage?

**Lautouzhi** · 29-09-2007, 04:32 AM

	Quote:			Originally Posted by Cheskiz
	Hi, I am a completely amateur in trading but have did some readings on a book or two and article or so. Hope to gain some insight from this thread here by giving and sharing. However, i think most of us here overlook the most curcial factor to being a successful trader and its individual psychology.

I will share slowly. Not many people can overcome this easily. EMOTIONS. We go thru one by one. As long as we have enough interest expressed, I will share what I have experienced.

Now is 4.30 am. USA ended red as I anticipated earlier however, it is not red enough. Investors are expected Fed to cut interest further however, I don't think this should be the case, IF Fed continues to cut interest rates, we have to be very careful. Something is really wrong with US economy. A real deep shit hole is there waiting. We may experience another crash. By cutting interest rates, it is like taking panadol when u have headache, it won't cure, only relieves you temporarily.

Latest news ....
WASHINGTON (MarketWatch) -- The Federal Reserve stands ready to cut rates again to keep the economy on a moderate growth track in the face of the financial market turmoil, said William Poole, the president of the St. Louis Federal Reserve bank on Friday. "My guess is that the inherent resilience of the U.S. economy along with future policy actions, should they be desirable, will keep the economy on a track of moderate average growth and gradually declining inflation over the next few years," Poole said in a speech in New York City. Poole said he saw tentative signs that the financial markets are beginning to recover from the recent upset, although financial fragility is obviously still an issue. "If the upset were to deepen in a sustained way, it might have serious consequences for employment stability," he said.

Since Fed is giving out free panadols, take this chance to earn some relieves for yourself, but be very prudent. They are scare that the stock market crash. They are afraid recession will come.

**nomad** · 29-09-2007, 08:26 AM

good for you but be very careful dun be greedy or emotion else u will get burn pretty bad...

**djchris** · 29-09-2007, 09:49 AM

	Quote:			Originally Posted by Lautouzhi
	I will share slowly. Not many people can overcome this easily. EMOTIONS. We go thru one by one. As long as we have enough interest expressed, I will share what I have experienced. Now is 4.30 am. USA ended red as I anticipated earlier however, it is not red enough. Investors are expected Fed to cut interest further however, I don't think this should be the case, IF Fed continues to cut interest rates, we have to be very careful. Something is really wrong with US economy. A real deep shit hole is there waiting. We may experience another crash. By cutting interest rates, it is like taking panadol when u have headache, it won't cure, only relieves you temporarily. Latest news .... WASHINGTON (MarketWatch) -- The Federal Reserve stands ready to cut rates again to keep the economy on a moderate growth track in the face of the financial market turmoil, said William Poole, the president of the St. Louis Federal Reserve bank on Friday. "My guess is that the inherent resilience of the U.S. economy along with future policy actions, should they be desirable, will keep the economy on a track of moderate average growth and gradually declining inflation over the next few years," Poole said in a speech in New York City. Poole said he saw tentative signs that the financial markets are beginning to recover from the recent upset, although financial fragility is obviously still an issue. "If the upset were to deepen in a sustained way, it might have serious consequences for employment stability," he said. Since Fed is giving out free panadols, take this chance to earn some relieves for yourself, but be very prudent. They are scare that the stock market crash. They are afraid recession will come.

To be frank, problems in the U.S. like sub prime issue and stuff are still there. Nothing has been changed so IMO, U.S. is going down...

I've switched 30% of my portfolio to gold already. Waiting for hyperinflation to happen...

**restless** · 29-09-2007, 11:01 AM

how to buy gold sia...where to look up the price movement for gold?

**Lautouzhi** · 29-09-2007, 11:02 AM

	Quote:			Originally Posted by djchris
	To be frank, problems in the U.S. like sub prime issue and stuff are still there. Nothing has been changed so IMO, U.S. is going down... I've switched 30% of my portfolio to gold already. Waiting for hyperinflation to happen...

Did u trade futures or?

Rank Country Current Account Balance (million US$)

1 People's Republic of China 179,100
(PRC)

2 Japan 174,400

3 Germany 134,800

4 Russia 105,300

5 Saudi Arabia 103,800

6 Norway 63,330

7 Switzerland 50,440

8 Netherlands 50,170

9 Kuwait 40,750

10 Singapore 35,580

159 France -38,000

160 Australia -41,620

161 United Kingdom -57,680

162 Spain -98,600

163 United States -862,300

Saving is sin, and spending is virtue...

Interesting article written by an Indian Economist

Japanese save a lot. They do not spend much. Also Japan exports far more
than it imports. Has an annual trade surplus of over 100 billions. Yet
Japanese economy is considered weak, even collapsing.

Americans spend, save little. Also US imports more than it exports. Has an
annual trade deficit of over $400 billion. Yet, the American economy is
considered strong and trusted to get stronger.

But where from do Americans get money to spend?

They borrow from Japan, China and even India.
Virtually others save for the US to spend. Global savings are mostly
invested in US, in dollars.

India itself keeps its foreign currency assets of over $50 billions in US
securities. China has sunk over $160 billion in US securities. Japan's
stakes in US securities is in trillions.

Result:

The US has taken over $5 trillion from the world. So, as the world saves
for the US, Americans spend freely. Today, to keep the US consumption
going, that is for the US economy to work, other countries have to remit
$180 billion every quarter, which is $2 billion a day, to the US!

A Chinese economist asked a neat question. Who has invested more, US in
China, or China in US? The US has invested in China less than half of what
China has invested in US.

The same is the case with India. We have invested in US over $50 billion.
But the US has invested less than $20 billion in India.

Why the world is after US?

The secret lies in the American spending, that they hardly save. In fact
they use their credit cards to spend their future income. That the US
spends is what makes it attractive to export to the US. So US imports more
than what it exports year after year.

The result:

The world is dependent on US consumption for its growth. By its deepening
culture of consumption, the US has habituated the world to feed on US
consumption. But as the US needs money to finance its consumption, the
world provides the money.

It's like a shopkeeper providing the money to a customer so that the
customer keeps buying from the shop. If the customer will not buy, the shop
won't have business, unless the shopkeeper funds him. The US is like the
lucky customer. And the world is like the helpless shopkeeper financier.

Who is America's biggest shopkeeper financier? Japan of course. Yet it's
Japan which is regarded as weak. Modern economists complain that Japanese
do not spend, so they do not grow. To force the Japanese to spend, the
Japanese government exerted itself, reduced the savings rates, even charged
the savers.

Even then the Japanese did not spend (habits don't change, even with taxes,
do they?). Their traditional postal savings alone is over $1.2 trillions,
about three times the Indian GDP. Thus, savings, far from being the
strength of Japan, has become its pain.

Hence, what is the lesson?

That is, a nation cannot grow unless the people spend, not save. Not just
spend, but borrow and spend.

Dr. Jagdish Bhagwati, the famous Indian-born economist in the US, told
Manmohan Singh that Indians wastefully save. Ask them to spend, on imported
cars and, seriously, even on cosmetics! This will put India on a growth
curve. This is one of the reason for MNC's coming down to India, seeing the
consumer spending.

'Saving is sin, and spending is virtue.'

But before you follow this neo economics, get some fools to save so that
you can borrow from them and spend!!!

**Lautouzhi** · 29-09-2007, 11:05 AM

	Quote:			Originally Posted by restless
	how to buy gold sia...where to look up the price movement for gold?

I can only think of a few. One is u become a physical trade, or future trader or you buy shares of company who deal in gold.

**djchris** · 29-09-2007, 11:33 AM

I buy physical gold bullion. Just invested my recent earnings from my google adsense into a silver bar.

**Cheskiz** · 29-09-2007, 05:06 PM

	Quote:			Originally Posted by Lautouzhi
	I can only think of a few. One is u become a physical trade, or future trader or you buy shares of company who deal in gold.

But future is just like fire that stands out among the rest, it have lucrative returns but it will burn you anytime if yer not on the look-out for it. One very important thing is the capital we have which usually determine what type of stock is most suitable. There is also seasons for future from what i heard, very complicated one.

Not sure if i am right, please correct me if i am wrong.:mellow3:

**Cheskiz** · 29-09-2007, 05:14 PM

Will China follow this americano trend? Survey has shown that since shanghai and several states like guangxi is developed, spending rate have increase and expected to rise higher.

**Cheskiz** · 29-09-2007, 05:19 PM

	Quote:			Originally Posted by djchris
	What's slippage?

Slippage is the different in which prices are filled. For eg; You pay 1 bucks for a coke even though it stated 90cents only. To be precise, you wanna buy a contract at the market and the broker quote you 295.65 but you actually pay 295.7 and if you wanna sell the contract, you get only 295.6. It is due to those floor-traders, In short, it is the spread between the asking and bidding.

Not sure if i am right, i dun really have much understand on slippage maybe the rest can help explain

**davidang** · 29-09-2007, 05:27 PM

Good luck to you!:biggrin4: