Investment

[ksl]

I said the SGX was heading for 11.50 on the 25th November but saw a change of direction on the 24th...when it was around 12.20. On Monday the 3rd of December , it was 12.65, I said it would head for 16.. Wednesday the 5th of December it was 15.10 lets see what the 6th of December brings! I am using T/A to identify the psychological emotions of investors!

I am by no means an expert in T/A, in fact I'm a novice, and have only used the basic head & shoulders technique on a 3 month graph.
Although yesterday I purchased the T/A for dummies, to understand the terminology better, and also to go a little deeper into the subject.

I have used the basic method for 7 years, and have faith in my own ability to use and act on it.

It is not a crystal ball, and it cannot predict fortunes, it is only used as an aid, to minimise risk! I am not a big gambler, even at a casino, I would mostly play safe 50/50...and if winning, possibly try my luck once or twice, but no more....Casino for me would be an entertaining night out, whereby, I would be disciplined enough not to throw money at odds above 50/50 more than a couple of times, all depending if i was in profit or not.

So I see investment the same, discipline to manage, and minimise risk, at every alternative, locking in any profits, if possible and averaging down if i have faith in a company, and understand the share to be cyclic..Swing trading at every opportunity and locking in between 10 & 14% each time. Never try to chase the run, up or down, be satisfied with the gains you have made.

The aim is to get out before the institutions and larger players, start locking in profits..Keep an eye on foreign institution movement, from industry to industry if possible.

Also watch the futures for positive runs to get an indication of the markets direction and attempt to corelate data!

[luxiana]

just would like to moderate you a bit.
since you are talking of the index it is ok... but don't start advising on stocks...


the day someone knocks on your door and give you a nice official document saying that you are sued for that you'll reconsider.

let's put it that way: a guy has saved money for the last few years. reads your posts and thinks "Wow this guy knows his stuff, let's invest everything I have on the stocks he recommends".

That guy makes significant losses and sues you in return. There is nothing you'll be able to so...

This is why people take exams and some have to register with MAS...

and NO: saying that you are a "novice" is not foolproof.
and NO again: financial advisory is not for complete novices.

[ksl]

just would like to moderate you a bit.
since you are talking of the index it is ok... but don't start advising on stocks...


the day someone knocks on your door and give you a nice official document saying that you are sued for that you'll reconsider.

let's put it that way: a guy has saved money for the last few years. reads your posts and thinks "Wow this guy knows his stuff, let's invest everything I have on the stocks he recommends".

That guy makes significant losses and sues you in return. There is nothing you'll be able to so...

This is why people take exams and some have to register with MAS...

and NO: saying that you are a "novice" is not foolproof.
and NO again: financial advisory is not for complete novices.

I can undertsand your concern, but you really shouldn't interfere with other moderators work, or worry about me, unless I do mention a share, and if you had, of read my posts in the pasts, I would have also wrote a warning, that one must always, do their own research.

I have never ever been one for pumping shares up, like many financial institutions do, although thank you for the reminder. It was a good job, i didn't give you my trade secrets then, on beating the market, when you requested them! You may have used that against me

I have been around investment forums long enough, not to listen to financial advisors, who believe they are legally competent to, and just to express my concern about your naïvety, this is a public forum for debate, not an advice centre for stock tips!. So do your own research

and NO: saying that you are a "novice" is not foolproof.
and NO again: financial advisory is not for complete novices.

Looks like your ego is starting to inflate! So I suggest you get down from your high horse, and try to be a little more sociable!

[sundaymorningstaple]

luxiana

Moderators generally don't get involved unless the poster has done something wrong. We usually then either edit or delete said post (as you are well aware of) when the line is crossed. Otherwise, we let it be.

ksl has been a regular on this board for donkey's years and has proven to be very responsible if somewhat long-winded (like me ). The only time I have ever had to step in was for the same reason I stepped into your posts. (Advertising excesses in the signature line ). And both of you have cooperated since.

The fact that ksl is self-taught should not get up your nose and the fact that he is freely giving out information, I know, rubs you the wrong way but that's life. When you have been around as long as he has you pretty well know the ropes. At the end of the day this forum is for the exchange of information. Not all of it good, not all bad, it's up to the reader to make a judgement and frankly I doubt, even if he did make a recommendation, it could be contrued as professional, and therefore, a sue-able offense. I've heard too many recommendations by a friend of a friend of a friend of my third cousin twice removed. I think it's time to get real.

Ease up a bit.

sms

[luxiana]

Hi Sms,

I know moderators are doing a good job since I had to deal with you
what I am saying is that: when it comes to financial advisory, one should be extra careful... you don't just shout to the world: "buy this stock, sell this one"

You can educate people though by giving them the tools to make there own decisions.

I am not a financial adviser myself but I have a bit of experience in the business. I can tell you that financial players are extra cautious when releasing information. they need to make sure the clients are "qualified investors" (meaning they understand what they do)

this is because: if you don't do things right the regulator will always be protecting the investor and not the one who's giving the advice... the adviser is considered responsible for the losses.

a quick example:

I have a friend of mine who started up his own website and provided "advice" online.

he had to wait 3 weeks only before someone complained.
he had to shut the website down and find a financial agreement with the person who lost something like 10K euros in the process.

the regulation is very tight wherever you go...

when it comes to financial advisory:
- one need the qualifications
- a disclaimer is advised...

Or you just don't do it publicly...


the morale being:

you can educate people in making their financial decisions. once you cross the line and interfere in their decision making process you are liable for the losses unless investors are known to be "qualified investors" (which I doubt people are on singaporeexpats) .


so, I apologize if I have step on anybody's foot with my previous post but in order to prevent problems it's better to know what you can / can't do legally speaking.

[sundaymorningstaple]

Now you know the reason we don't allow advertising in the forum threads.

ksl wasn't recommending anything even remotely, and I have to agree that your calling him out was entirely unnecessary. In the future, if you take issue with someones post, maybe it would be a good thing to do like most regulars do when they see something that they don't quite think should be and that is to PM one of the Moderators or Admins and let them take care of it.


The holding forth ones of ones personal anonymous opinion on a open forum is not quite the same thing as holding forth on ones own professional website is it. There you are claiming something and have the website to hopefully generate income. I'm not sure where you come from or are coming from but I think you might want to do a wee bit more research when in comes to anonymous postings on an open forum. That would be like saying I heard voices telling me to do it. Can I now sue a church for hearing voices?

D'oh, I listened to a poster who told me to go buy a Pinto and I got in a accident and the fuel tank behind the rear seat exploded. I'm going to go sue the bugger for recommending the Pinto! That is if I can find out who he is because I listen to total strangers and take everything they say as the gospel. D'OH!

come on......

[durain]

put the money under the pillow

[Wind In My Hair]

People who listen to free advice usually get what they paid for it. All I can say is that if someone rushes off to buy SGX because of ksl's post and loses money on it then they would have invested in a very good education for themselves.

[ksl]

People who listen to free advice usually get what they paid for it. All I can say is that if someone rushes off to buy SGX because of ksl's post and loses money on it then they would have invested in a very good education for themselves.

Thanks for reminding me of my first loss

[luxiana]

Well, it's just that there are laws and that the regulator doesnt mind making full use of them when required.

giving financial advice in public (like on a forum) is everything but anonymous since the administrators have access to the logs.

logs = IP address = your computer.

now do as you please and if someone complains and that you end up in the crosshairs of the police: enjoy the ride.

[sundaymorningstaple]

now do as you please and if someone complains and that you end up in the crosshairs of the police: enjoy the ride.

Getting testy are we?

When everybody disagrees with you it might be time to rethink or maybe just back off........

Of course, then again, you might be like our friend with the base 9 problem....

[luxiana]

amazing how people can make a fuss out of nothing...

1st: I thought moderators had to be a bit more neutral in their approach. (since you told me I was narrow minded in another post and trying to pull my leg in this one I doubt you are a swiss national )

2nd: I thought that reminding people of some basic rules when it comes to financial advisory was not unnecessary

since I read on this forum that a guy had saved for a few years and wanted to put 50% of his savings in the stock market OR operate a fruit stall I guess that such "reminders" are necessary to avoid potential problems in the future. and as I said: regulations are made to protect the weak...

by the way Sms: don't tell me you really believe that the majority is always right and the minority is always wrong. I'm sure you know plenty of cases were this rule was proved wrong...

now if you want to argue with me on something I invite you to send me a pm as I doubt people are interested in such childish quarrels.

have a good day!