SINGAPORE EXPATS FORUM
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Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.
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Kimi wrote:gl171 wrote:kimi,
be a bit specific plz. have i ever done est? u meant have i ever traded with the system as end user or trader??? or have i ever done it like setting the syste up?
Sorry, I meant the question to be whether anybody here have ever traded stocks on the net. And since seemingly there is at least one person, any recommended e-broker or site, and maybe there are some tips you're willing to share I was wondering.
yes I do short trading in Taiwan, started off day trading, made a small fortune and got locked in. I have around 80,000 shares now and i love the rush, until it slows down, like now.
tip: only play with what you can afford to lose, stay away from futures, until you understand the game, and it is a game.
I was offered margin trading and also turned it down. to risky inn a volatile mrkt, unless you have 6th sense. Keep an eye on foreign investment, when they start to pull out, the mrkt will drop, and you will be stuck, they always get selling priority
Singapore mrkt, not volatile enough for me, sorry
Anonymous wrote:how would one know that the foreign investment is pulling out? i still think you need sixth sense to sell before they start selling! you got sixth sense i suspect!
You follow the trades my dear friend!
insttutions and foreign investment trades always get priority, due to the amount of stock traded,
High volatile stocks like memory chips and Lcd's are up and down big time, when institution investors start to purchase these shares, millions at a time, then what do you think is happening? yes manipulation of price but normally on sound statistical evidence of a bull run.
When you see them dumping two or 3 days later, what is going to happen? you need a good broker to get your shares out before the fall.
There is an art of cutting your risk to a minimum, one can also follow the statistical production output each month, and gage through market research if the market will swing up based on your evidence. most shares are cyclic and therefore you must know your products that you invest in.
T/A is also very helpful for those that know a little. F/A is no big deal over day trading or short term, if the whole market is on a run, the shares will go up.
Do your own homework and plenty of it, preparation is everything, for a risk taker, the idea is to minimise the risk and keep away from pure gambling.
Another tip is not to listen to other people, unless you feel comfortable about it. you can only blame yourself if you lose.
If your a bad loser, don't do it. Other than that you can all please yourselves everyone is entitled to their own opinion.
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