Emini
Sept 2010 Emini S&P500 long @ 1095.00 6 aug sold 1112
Saturday, August 7, 2010
Wednesday, August 4, 2010
Rich get richer and poor get poorer
I am pondering about the objection my client gave me on insurance and thinking about them.
The fact is in this world the richer get richer and the poorer get poorer. I found out some reasons why.
1)Strangly, the people that needed insurance the most are the people that are not that rich. Cos u transfer the risk to insurer, and something happen to u and u dont hav to pay the full amount. This will somehow retain the financial status of these people. But most of them dont think it is important. U might argue, cos they no money, have things to commit in and not enough cash.My question is you told me you wanna be rich or live better, this is your priority but you are not acting towards it. people tend to look at the immediate stuff and those distracting and far away they chuck it aside.
Next they tell me that they need to retire with X amount of money each month when they reach certain age. But when doing the retirement planning, they start to discount themselves.Shortchanging themselves. pretty sad. Yes investment is non gurantee for retirment planning, but if it is gurantee do u think i will still be working and do u think u still need to work. If you never start this number for retirment planning is just a dream, and is this the way you wanna led ur life. playing with hopes and luck.
2) The rich know that it is important and they really transfer the risk to insurer. They want to make sure they need not pay for things when soemthing happen to them and they can start off from where they left off.So they get richer after tt.They think long term and want to live better than now in the long run.
I will always thank my client for the business they gave me and also a hand shake with client when they buy something. But this is not to thank them, but congrate them that they made a move that will benefit themselves.It is not the plan they are buying, it is the life they are choosing. Product are just commodities, can be replace anytime, but the advise from the advisor is the key thing. Bcos life changes from time to time. It is not a fact like science, it is an assumption and will change constantly. So an advisor is key. It is not what you have that matter, it is what u do to what u have that matter.
The fact is in this world the richer get richer and the poorer get poorer. I found out some reasons why.
1)Strangly, the people that needed insurance the most are the people that are not that rich. Cos u transfer the risk to insurer, and something happen to u and u dont hav to pay the full amount. This will somehow retain the financial status of these people. But most of them dont think it is important. U might argue, cos they no money, have things to commit in and not enough cash.My question is you told me you wanna be rich or live better, this is your priority but you are not acting towards it. people tend to look at the immediate stuff and those distracting and far away they chuck it aside.
Next they tell me that they need to retire with X amount of money each month when they reach certain age. But when doing the retirement planning, they start to discount themselves.Shortchanging themselves. pretty sad. Yes investment is non gurantee for retirment planning, but if it is gurantee do u think i will still be working and do u think u still need to work. If you never start this number for retirment planning is just a dream, and is this the way you wanna led ur life. playing with hopes and luck.
2) The rich know that it is important and they really transfer the risk to insurer. They want to make sure they need not pay for things when soemthing happen to them and they can start off from where they left off.So they get richer after tt.They think long term and want to live better than now in the long run.
I will always thank my client for the business they gave me and also a hand shake with client when they buy something. But this is not to thank them, but congrate them that they made a move that will benefit themselves.It is not the plan they are buying, it is the life they are choosing. Product are just commodities, can be replace anytime, but the advise from the advisor is the key thing. Bcos life changes from time to time. It is not a fact like science, it is an assumption and will change constantly. So an advisor is key. It is not what you have that matter, it is what u do to what u have that matter.
Genting
hi
As in the earlier post in jul, i was saying that genting will hit abt 1.3. that the ressitance for that.it hit and fell today.
I heard alot of people buying genting today @ 1.25 and 1.26. Well not splashing cold water, but prepare to cut lost.
As in the earlier post in jul, i was saying that genting will hit abt 1.3. that the ressitance for that.it hit and fell today.
I heard alot of people buying genting today @ 1.25 and 1.26. Well not splashing cold water, but prepare to cut lost.
Tuesday, August 3, 2010
Profit and losses
Emini
Sept 2010 Emini S&P500 long @ 1095.00 23 jul currently price 1121
Stock
CSE global long @ 0.88 5 jul current price 0.99
indoagri long @ 2.11 5 jul sold 2.34 3 aug (profit)
Cosco long @ 1.52 19 jul, Sold 1.64 3 aug(profit)
Sept 2010 Emini S&P500 long @ 1095.00 23 jul currently price 1121
Stock
CSE global long @ 0.88 5 jul current price 0.99
indoagri long @ 2.11 5 jul sold 2.34 3 aug (profit)
Cosco long @ 1.52 19 jul, Sold 1.64 3 aug(profit)
STI
STI weekly
STI weekly have shown a clear uptrend. but notice that the rate of change is getting smaller as it move up. it had hit the previous high in april and today the mkt slide alitte.
STI daily
Today STI is down abt 20 point from the opening, it have hit the previous high resistance in april and move down.It may stay up for the next few days
STI weekly have shown a clear uptrend. but notice that the rate of change is getting smaller as it move up. it had hit the previous high in april and today the mkt slide alitte.
STI daily
Today STI is down abt 20 point from the opening, it have hit the previous high resistance in april and move down.It may stay up for the next few days
DOW JONES IND weekly chart
DOw is well supported as u can see in the chart there. and the weekly chart shows that it wanna break away upward. The W% have stay up.A new uptrend might be in the picture overcoming the previous high set in 30th april 2010.
However, if it cant move up higher then it will stay side ways for sometime.
Dow Jone IND daily
A slanted upward W is form here. The up day of yesterday is rather convincing. I expect today to be a inside bar day.
DOw is well supported as u can see in the chart there. and the weekly chart shows that it wanna break away upward. The W% have stay up.A new uptrend might be in the picture overcoming the previous high set in 30th april 2010.
However, if it cant move up higher then it will stay side ways for sometime.
Dow Jone IND daily
A slanted upward W is form here. The up day of yesterday is rather convincing. I expect today to be a inside bar day.
Trading your way
Hey folk
very interesting market movement thru last week till today...i will elaborate more on the nxt post...
i came across a fb posting by steve job on 2005 Standford uni commencement adrress...very inspirational very interesting here the link
http://www.youtube.com/watch?v=UF8uR6Z6KLc
i met a person a few days back talking about trading. he is a beinger and wish to do trading. He went to courses and learn something and wish to do trading.
i told him very briefly there is no magic formula for trading and investment. Hardwork pay off. u put in 10 min a day u get tt result u put in ur life time u get a life time result. I dont think he got it.Anyway, i used to beleived in putting 10 min of ur time and u can make passive income...but tt is totally not true...until u skill of trading have reach the person whom u pay to teach u in course, u cant use 10 min everyday to make substantial money.u still need hard work.
Some of the things i do:
1)i went for courses, learn there methods, but u sure know somethg the trainer say...they say u hav to find a method tt suit u.this method suit me, i share with u people with a fee.but it may not suit u.
is like if brad pitt wore a coat and he look damn nice, u wear the same coat n u look oversize or somethg.So after learning keep exploring and find a method tt suit u, and constantly improve the method to suit with the situation.PLS PUT IN EFFORT, there is no such thing as easy cash in the market
2) i really went into detail of the technical indicators, The maths, the physical meaning behind them and interact with people tt use all this indicator. For eg MACD, some people use the crossover to buy and sell, some use the histogram, some use both. An indicator have different interpretation.each interpretation get u different result. Learn them, internalize them before really using it.
3)Technical indicator tell u the technical point of view, to be more precise u need to know the psychological side where the price action comes in. The price action is infact the most important thg. learn them thoroughly, do deep into it.
With the technical and psychological aspect, my method currently can get an accuracy rate of 65% to 90%. Some stocks response to my method is 100%( i m surprise too).
Remember there is no easy way out in investing or trading.i took 3 years, to learn all this and i still learning. i spend on average 20 to 30 hr a week to look into these. ( i m not a very clever person, maybe u r and u might tk lesser time)
very interesting market movement thru last week till today...i will elaborate more on the nxt post...
i came across a fb posting by steve job on 2005 Standford uni commencement adrress...very inspirational very interesting here the link
http://www.youtube.com/watch?v=UF8uR6Z6KLc
i met a person a few days back talking about trading. he is a beinger and wish to do trading. He went to courses and learn something and wish to do trading.
i told him very briefly there is no magic formula for trading and investment. Hardwork pay off. u put in 10 min a day u get tt result u put in ur life time u get a life time result. I dont think he got it.Anyway, i used to beleived in putting 10 min of ur time and u can make passive income...but tt is totally not true...until u skill of trading have reach the person whom u pay to teach u in course, u cant use 10 min everyday to make substantial money.u still need hard work.
Some of the things i do:
1)i went for courses, learn there methods, but u sure know somethg the trainer say...they say u hav to find a method tt suit u.this method suit me, i share with u people with a fee.but it may not suit u.
is like if brad pitt wore a coat and he look damn nice, u wear the same coat n u look oversize or somethg.So after learning keep exploring and find a method tt suit u, and constantly improve the method to suit with the situation.PLS PUT IN EFFORT, there is no such thing as easy cash in the market
2) i really went into detail of the technical indicators, The maths, the physical meaning behind them and interact with people tt use all this indicator. For eg MACD, some people use the crossover to buy and sell, some use the histogram, some use both. An indicator have different interpretation.each interpretation get u different result. Learn them, internalize them before really using it.
3)Technical indicator tell u the technical point of view, to be more precise u need to know the psychological side where the price action comes in. The price action is infact the most important thg. learn them thoroughly, do deep into it.
With the technical and psychological aspect, my method currently can get an accuracy rate of 65% to 90%. Some stocks response to my method is 100%( i m surprise too).
Remember there is no easy way out in investing or trading.i took 3 years, to learn all this and i still learning. i spend on average 20 to 30 hr a week to look into these. ( i m not a very clever person, maybe u r and u might tk lesser time)
Subscribe to:
Posts (Atom)