Saturday, December 22, 2007
Tuesday, December 18, 2007
HSBC Women's Champions - February 28th – March 2nd - Tanah Merah Country Club
HSBCgolf.com - the world’s local golf website, the perfect companion for HSBC’s global investment in golf
I think I'll going to get the tickets for this tournament, it seems more exciting than the Lexus Cup, probably because Lexus Cup was the first tournament i have watch and during then i did not know much about the players excepth the very well-known ones like Annika, Grace Park, Paula Cremer and the very young Morgan Pressey. Remember was following Grace and Annika, each being the team leader of the Asian Team vs the International Team. It was raining.. and was tiring as they seem to walk super fast and we were like on our legs for the whole 18 holes.
This time round, I hope to catch a glimpse of Natalie Gulbis, Lorena Ochoa, Al Miyazato and Se Ri Pak.
Natalie: This lady with a pretty face can really play well in golf and also known as a sex symbol in LPGA.
Lorena: Been watching her on TV and she seems to get better and better and been winning some of the recent tournaments.
Al Miyazato: A favourite with the Japanese media where theres always loads of cameraman and media following her.
Se Ri Pak: Has done Asians proud~
I think I'll going to get the tickets for this tournament, it seems more exciting than the Lexus Cup, probably because Lexus Cup was the first tournament i have watch and during then i did not know much about the players excepth the very well-known ones like Annika, Grace Park, Paula Cremer and the very young Morgan Pressey. Remember was following Grace and Annika, each being the team leader of the Asian Team vs the International Team. It was raining.. and was tiring as they seem to walk super fast and we were like on our legs for the whole 18 holes.
This time round, I hope to catch a glimpse of Natalie Gulbis, Lorena Ochoa, Al Miyazato and Se Ri Pak.
Natalie: This lady with a pretty face can really play well in golf and also known as a sex symbol in LPGA.
Lorena: Been watching her on TV and she seems to get better and better and been winning some of the recent tournaments.
Al Miyazato: A favourite with the Japanese media where theres always loads of cameraman and media following her.
Se Ri Pak: Has done Asians proud~
Saturday, December 8, 2007
Jesse Livemore - 2
http://www.zealllc.com/2004/jesse08.htm
(Chapter VII) … “I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up. I don’t mean of course that in a bear market caused by a war, ammunition shares do not go up. I speak in a general sense. But the average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think.”
(Chapter VII) … “When it comes to selling stocks, it is plain that nobody can sell unless somebody wants those stocks. If you operate on a large scale you will have to bear that in mind all the time. A man studies conditions, plans his operations carefully and proceeds to act. He swings a pretty fair line and he accumulates a big profit – on paper. Well, that man can’t sell at will.”
The larger your position in a given stock, the harder it will be for you to sell when you are ready. If the buyers aren’t there the day you wish to sell, your sale will push a stock lower or even crash it and you will end up losing much of your paper profits just in the process of selling. Lots of folks think this kind of risk only applies to very large players like fund managers, but it also applies to individual speculators today as well. -- me, me, me!!! Instead of realising 200% profits on Swiber, it become 100% during the Aug 07 correction, and instead of 11% paper profit on SGX on last Fri, 7 Dec, it become 3% paper profit... *sob*
(Chapter VII) … “Suppose a man’s line is five hundred shares of stock. I say that he ought not to buy it all at once; not if he is speculating. If he is merely gambling the only advice I have to give him is, don’t! Suppose he buys his first hundred, and that promptly shows him a loss. Why should he go to work and get more stock? He ought to see at once that he is in wrong, at least temporarily.”
Here Jesse Livermore further fleshes out the all-important distinctions between intelligent speculation and flat-out Vegas-style gambling. A speculator will gradually layer in positions, immediately stopping if the markets prove him wrong over the short-term. Yes, he may be right in the near future, but why absorb a big loss if he happens to be early? Why not preserve capital for a better opportunity in the weeks ahead?
Gamblers, on the other hand, will bet it all on one roll of the dice. They will get excited, grow convinced of a sure thing, and they will drop their entire war chest of speculative capital on the table at one time. The problem with this approach is that no one wins all the time, and by betting everything every time sooner or later a speculator will get crushed by some massive loss.
Part of the education of a speculator involves learning how to merely survive, to ensure that no single bets are ever so large that a major loss will wipe out the speculator. Speculators, like any other profession, grow better through time, experience, and practice. Using Livermore’s scaling, a speculator can protect himself from deploying bets that are too large at the wrong time and losing so much capital that he simply cannot afford to speculate anymore.
Preserving capital is crucial to ensuring a speculator’s survival and longevity. The longer that you prudently manage your risk so that you can stay in the game, the better you will become. If you lose it all on one big bad bet, then you are out of the game until you can rebuild your capital, a difficult task. Using intelligent strategies like Livermore’s scaling vastly increase speculators’ ability to prudently manage their own risks and keep themselves in this grand game.
(Chapter VII) … “I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up. I don’t mean of course that in a bear market caused by a war, ammunition shares do not go up. I speak in a general sense. But the average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think.”
(Chapter VII) … “When it comes to selling stocks, it is plain that nobody can sell unless somebody wants those stocks. If you operate on a large scale you will have to bear that in mind all the time. A man studies conditions, plans his operations carefully and proceeds to act. He swings a pretty fair line and he accumulates a big profit – on paper. Well, that man can’t sell at will.”
The larger your position in a given stock, the harder it will be for you to sell when you are ready. If the buyers aren’t there the day you wish to sell, your sale will push a stock lower or even crash it and you will end up losing much of your paper profits just in the process of selling. Lots of folks think this kind of risk only applies to very large players like fund managers, but it also applies to individual speculators today as well. -- me, me, me!!! Instead of realising 200% profits on Swiber, it become 100% during the Aug 07 correction, and instead of 11% paper profit on SGX on last Fri, 7 Dec, it become 3% paper profit... *sob*
(Chapter VII) … “Suppose a man’s line is five hundred shares of stock. I say that he ought not to buy it all at once; not if he is speculating. If he is merely gambling the only advice I have to give him is, don’t! Suppose he buys his first hundred, and that promptly shows him a loss. Why should he go to work and get more stock? He ought to see at once that he is in wrong, at least temporarily.”
Here Jesse Livermore further fleshes out the all-important distinctions between intelligent speculation and flat-out Vegas-style gambling. A speculator will gradually layer in positions, immediately stopping if the markets prove him wrong over the short-term. Yes, he may be right in the near future, but why absorb a big loss if he happens to be early? Why not preserve capital for a better opportunity in the weeks ahead?
Gamblers, on the other hand, will bet it all on one roll of the dice. They will get excited, grow convinced of a sure thing, and they will drop their entire war chest of speculative capital on the table at one time. The problem with this approach is that no one wins all the time, and by betting everything every time sooner or later a speculator will get crushed by some massive loss.
Part of the education of a speculator involves learning how to merely survive, to ensure that no single bets are ever so large that a major loss will wipe out the speculator. Speculators, like any other profession, grow better through time, experience, and practice. Using Livermore’s scaling, a speculator can protect himself from deploying bets that are too large at the wrong time and losing so much capital that he simply cannot afford to speculate anymore.
Preserving capital is crucial to ensuring a speculator’s survival and longevity. The longer that you prudently manage your risk so that you can stay in the game, the better you will become. If you lose it all on one big bad bet, then you are out of the game until you can rebuild your capital, a difficult task. Using intelligent strategies like Livermore’s scaling vastly increase speculators’ ability to prudently manage their own risks and keep themselves in this grand game.
Jesse Livermore
Reminiscences of a Stock Operator by Edwin Lefevre, a biography of terrific trader Jesse Livermore, who built his fortune and lost it several times. He stated:
We know that prices move up and down. They always have and they always will. My theory is that behind these major movements is an irresistible force. That is all one needs to know. Don't be too curious about all the reasons behind the price movements. You risk the danger of clouding your mind with non-essentials. Just recognise that the movement is there and take advantage of it by steering your speculative ship along with the tide. Do not argue with the condition, and most of all, do not try to combat it.
I find the above quote quite interesting and decide to surf more on Jesse Livermore and found more interesting quotes from him. (i esp like some of the quotes and bold it)
"The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the man of inferior emotional balance, or for the get-rich-quick adventurer. They will die poor."
"...the fruits of your success will be in direct ratio to the honesty and sincerity of your own effort in keeping your own records, doing your own thinking, and reaching your own conclusions."
"There is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again."
"There are times when money can be made investing and speculating in stocks, but money cannot consistently be made trading every day or every week during the year. Only the foolhardy will try it. It just is not in the cards and cannot be done." -- ok..this quote makes me feel better.. haha.. i cant take losses to well.
"The point is not so much to buy as cheap as possible or go short at top price, but to buy or sell at the right time."
"I am tired of hearing the public and papers blame Wall Street for parting fools from their money... It's the successful business man who is the biggest sucker of the lot. He has made a fortune in his own line. How? By being on the job for years; by learning all there was to know about it; by taking reasonable chances; by utilizing his knowledge and experience to anticipate probabilities. He wants to increase that fortune at a faster rate and with less effort."
"It took me five years to learn to play the game intelligently enough to make big money when I was right."
"Speculation is far too exciting. Most people who speculate hound the brokerage offices... the ticker is always on their minds. They are so engrossed with the minor ups and downs, they miss the big movements."
We know that prices move up and down. They always have and they always will. My theory is that behind these major movements is an irresistible force. That is all one needs to know. Don't be too curious about all the reasons behind the price movements. You risk the danger of clouding your mind with non-essentials. Just recognise that the movement is there and take advantage of it by steering your speculative ship along with the tide. Do not argue with the condition, and most of all, do not try to combat it.
I find the above quote quite interesting and decide to surf more on Jesse Livermore and found more interesting quotes from him. (i esp like some of the quotes and bold it)
"The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the man of inferior emotional balance, or for the get-rich-quick adventurer. They will die poor."
"...the fruits of your success will be in direct ratio to the honesty and sincerity of your own effort in keeping your own records, doing your own thinking, and reaching your own conclusions."
"There is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again."
"There are times when money can be made investing and speculating in stocks, but money cannot consistently be made trading every day or every week during the year. Only the foolhardy will try it. It just is not in the cards and cannot be done." -- ok..this quote makes me feel better.. haha.. i cant take losses to well.
"The point is not so much to buy as cheap as possible or go short at top price, but to buy or sell at the right time."
"I am tired of hearing the public and papers blame Wall Street for parting fools from their money... It's the successful business man who is the biggest sucker of the lot. He has made a fortune in his own line. How? By being on the job for years; by learning all there was to know about it; by taking reasonable chances; by utilizing his knowledge and experience to anticipate probabilities. He wants to increase that fortune at a faster rate and with less effort."
"It took me five years to learn to play the game intelligently enough to make big money when I was right."
"Speculation is far too exciting. Most people who speculate hound the brokerage offices... the ticker is always on their minds. They are so engrossed with the minor ups and downs, they miss the big movements."
Friday, December 7, 2007
Will you spend $8000 to buy your wife a branded bag?
There is this topic 'Will you spend $8000 to buy your wife a branded bag?' over at Channel NewsAsia discussion forum.
Very funny at the way they ans, at times reading the post replied by the forumers can make me laugh or fell off from my chair.
I probably ask the wife to try to trade in the stock mkt, cause ever since i started trading, i'll think twice buying a branded bag. (but again, if there's some good sale or a really nice bag.. i may.. well.. ok, I'll make sure i think twice.. heh)
Esp reading how Mr Warren Buffet can drive a old car, living the same house for yearsss, and once he commented on his wife spending on some house renovation, think was ard $10,000, and he spoke to his assistant that with this money, he can roll over and make more money. He was a billionaire..
But if my hubby is a millionaire and he dun wan to buy me a $8000 bag, I'll get pissed!
Very funny at the way they ans, at times reading the post replied by the forumers can make me laugh or fell off from my chair.
I probably ask the wife to try to trade in the stock mkt, cause ever since i started trading, i'll think twice buying a branded bag. (but again, if there's some good sale or a really nice bag.. i may.. well.. ok, I'll make sure i think twice.. heh)
Esp reading how Mr Warren Buffet can drive a old car, living the same house for yearsss, and once he commented on his wife spending on some house renovation, think was ard $10,000, and he spoke to his assistant that with this money, he can roll over and make more money. He was a billionaire..
But if my hubby is a millionaire and he dun wan to buy me a $8000 bag, I'll get pissed!
Thursday, December 6, 2007
Dumpling
Added SGX and Synear today. Looking at China Fish, think it got its potential to surge, and i love fish.. n dumpling
Wednesday, December 5, 2007
Dow drop another 65.84
Added on SGX and call warrants yesterday and this morning. Looking at Keppel Corp, Feredal, Swiber and STX.
No more ammo for Keppel Corp, thinking to purchase some if i manage to sell off Yangzi or Swiber, since Yangzi secure a contract recently, hope it can goes near to my buy price.
STX is quite interesting, i think it may go down further. Was reading the channel newsAsia forum on some of their 'debates'. Some advise to cut loss, some said it will rebound cause of the share arbitrage with the Korea side and pending of share buy-back. Now i learned the hard way, must have a cut loss point like perhaps 8%. I read a book that if a stock fell more than 10%, it is not a good stock, should just exit. Will try to find the book
Tuesday, December 4, 2007
Dow drop 57.15 points - kind of happy
I was happy when i woke up and found Dow in negative region, but again, it didn't really drop much.
I wanted it to go down cause i hope to collect some good counters at a cheaper price and hold till the Fed meeting on 11 Dec. Of course i do hope some of my counters can recover, but since most people expect that Fed will cut interest rate and bring up the prices, i think i gotta take this opportunity to earn back some money.
Started 'playing' stocks in late March, with some luck, am still in black, 100% returns. But it can be more, cause i made quite a number of mistakes along the way, and i hope to earn it back in a more disciplined way.
I wanted it to go down cause i hope to collect some good counters at a cheaper price and hold till the Fed meeting on 11 Dec. Of course i do hope some of my counters can recover, but since most people expect that Fed will cut interest rate and bring up the prices, i think i gotta take this opportunity to earn back some money.
Started 'playing' stocks in late March, with some luck, am still in black, 100% returns. But it can be more, cause i made quite a number of mistakes along the way, and i hope to earn it back in a more disciplined way.
Monday, December 3, 2007
Britain's Got Talent - Paul Potts sings Nessun Dorma
O my goodness!
He is so good for someone who is not a professional.
Before i click on the video to play, i was expecting o probably another contestant singing out of tune or another person like William Hung.
I keep replaying the video, i like to look at the surprised look on the judges, esp the look on Simon. I mean aren't we kind of too superficial.. but Paul makes me feel kind ashamed. Am proud of him, for his courage, for his spirit.
And of course, he was the winner of Britain's Got Talent~
My Portfolio as on 2 Dec 2007
SGX - $12.80
Swiber - $3.46
Federal - 0.836
Yangzijiang - $2.60
HSI31000MBLeCW080130 - $0.19
Sunday, December 2, 2007
1oz Silver Britannia Coin - 2007
Recently, i just bought my first precious metal, Silver, in its physical form. It was a beautiful 2007 Britannia and heard that year 2007 will be the last year to produce this design.
I have never been interested in coin collection. I was actually surfing the net on gold since i have been hearing that gold price has shoot up and also thinking why our government will allows us to use our CPF to buy gold stocks. I hear that gold has hit US$850 but i still did not understand whats the big hoo ha about it till i realise how gold price has been soaring for the past few years.
Learn that gold can be a good form of hedging against inflation and many seem to believe that gold price will easily hit US$1000 in a few years time as the dollar weakens.
I was telling my mum to buy more gold now and she scolded me crazy for the price of gold is so high now. Ha ha, cause when I'm younger, my mum wanted to buy me some pieces of gold jewellery for my birthday but i was telling her i do not like it, so auntie! I'll prefer platinum or diamonds. But now, I think I'll prefer gold.. but i still like Jade and Pearl.. Diamond can buy only when you get the best color, cut, clarity and at least a 1.5 or 2 carat, if not, i think it can't fetch a good price when you want to sell it back.
Now, i will be taking note on the gold prices and hope it can drop below $750, then i probably open the UOB Gold Savings Account or buy a 1 or 1/2 oz gold bullion coin every year to keep.
But again, isn't the heart cut diamond beautiful...
What a Wonderful World - Louis Armstrong
One of my fav piece. So soothing and beautiful that it kind of makes everything around you slows down and watching Louis sings this always brings a smile on my face. Enjoy~
Setting up my blog
It's been more than a hour, and i have been trying to figure out on how to set up a blog and adding links or stuff to it.
Still trying how to add the chat box to my blog, ha, seems so tough for me.
Still trying how to add the chat box to my blog, ha, seems so tough for me.
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