CANSLIM & Momentum Investing 02 (Aug 09 - Dec 24)

Re: CANSLIM & Momentum Investing

Postby millionairemind » Wed Aug 12, 2009 2:35 pm

Nothing to add lah A BRO... you write so sui sui :D

K DA GE very lao chio... you don't see him throw spanners at you, he is teaching you (and me) to question things until we understand it and not take things at blind faith.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: US - Market Direction & Strategy (Jul 09 - Aug 09)

Postby iam802 » Wed Aug 12, 2009 2:42 pm

Aspellian wrote:....


Seriously i am not insulting anyone's intelligence. i am still in deep red, i have not shed (earn) a single gram (cent) based on CANSLIM because i dun have the discipline, faith and my trading plan not comprehensive (i am still revising to take into account various scenarios and type of instruments to buy - thanks Kenny for advocating on a Trading Plan). But I have the faith and it seems that someone out there is slim enough to show CANSLIM miracle effects, i done my back-testing, it looks incredible.... so i will fine tune it until i slim down.

...


If you are losing money..it means you are on the right track.

Every successful investors / traders have their fair share of losses. It is how they pick up and avoid making the same mistakes that differentiate from the averages.

You have identified some of your own weakness. So, just work on it.

Good luck and Huat! Huat!

All the best.
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2. The trend will END but I don't know WHEN.

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Re: CANSLIM & Momentum Investing

Postby kennynah » Wed Aug 12, 2009 2:50 pm

millionairemind wrote:you don't see him throw spanners at you, he is teaching you (and me) to question things until we understand it and not take things at blind faith.


请别笑话我。。岂敢。。太严重了。。真的想要得多点O'Neil知识。。请多多指教。。万分感谢。。
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Re: US - Market Direction & Strategy (Jul 09 - Aug 09)

Postby winston » Wed Aug 12, 2009 2:51 pm

iam802 wrote: If you are losing money..it means you are on the right track.


Let you into a secret. When I got my first bonus, my "friend" brought me to Genting Highlands. He mentioned that he had a sure way to double my money.

We did not sleep that night. The next day, I was numb becuz I lost my entire first bonus :(

On my last trip to Macau a few weeks ago, eventhough I have to walk thru the casinos, I did not gamble at all :D
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: CANSLIM & Momentum Investing

Postby LenaHuat » Wed Aug 12, 2009 2:57 pm

Winston, good for U.
I like to walk on the heavy carpets in the Macau luxurious casinos. :lol: :lol:
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Re: CANSLIM & Momentum Investing

Postby Aspellian » Wed Aug 12, 2009 3:04 pm

millionairemind wrote:Nothing to add lah A BRO... you write so sui sui :D

K DA GE very lao chio... you don't see him throw spanners at you, he is teaching you (and me) to question things until we understand it and not take things at blind faith.


Thanks MM-bro and K DA GE,

i know you guys are testing my understanding, i have much much more to learn from you ALL, its a long journey but I believe i will enjoy every step of the way! :lol:

when i mentioned "faith" it is to curb the many doubts i have despite the many testings i done to convince myself. It is a bit like trying to break the hard-wired bondages (academic teachings) i used to subscribe which always pulls me to the wrong side.

PROMISE, PASSION, PEACE, POWER, PURPOSE, PLAN, PATIENCE, PERSEVERANCE, PROTECTION
DELIGHT, DISCIPLINE, DILIGENT, DETERMINATION, DESIRE

"Its not whether you're right or wrong thats important, but how much money you make when you're right and how much you lose when you're wrong." - Warren Buffet
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Re: US - Market Direction & Strategy (Jul 09 - Aug 09)

Postby Aspellian » Wed Aug 12, 2009 3:06 pm

iam802 wrote:If you are losing money..it means you are on the right track.

Every successful investors / traders have their fair share of losses. It is how they pick up and avoid making the same mistakes that differentiate from the averages.

You have identified some of your own weakness. So, just work on it.

Good luck and Huat! Huat!

All the best.


Thanks 802, you are a very kind man. I will heed your advice and work on my mistakes and be far far away from them!!

Huat Huat to you too!!

PROMISE, PASSION, PEACE, POWER, PURPOSE, PLAN, PATIENCE, PERSEVERANCE, PROTECTION
DELIGHT, DISCIPLINE, DILIGENT, DETERMINATION, DESIRE

"Its not whether you're right or wrong thats important, but how much money you make when you're right and how much you lose when you're wrong." - Warren Buffet
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Re: CANSLIM & Momentum Investing

Postby millionairemind » Wed Aug 12, 2009 3:07 pm

Pai sey ar... I meant to say K is Lao Chiau (old bird) not Lao Chio (Old hiao) haha.... :mrgreen: :mrgreen: :mrgreen:

My hokkien translation really CANNOT MAKE IT :D
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: US - Market Direction & Strategy (Jul 09 - Aug 09)

Postby Aspellian » Wed Aug 12, 2009 3:07 pm

winston wrote:
iam802 wrote: If you are losing money..it means you are on the right track.


Let you into a secret. When I got my first bonus, my "friend" brought me to Genting Highlands. He mentioned that he had a sure way to double my money.

We did not sleep that night. The next day, I was numb becuz I lost my entire first bonus :(

On my last trip to Macau a few weeks ago, eventhough I have to walk thru the casinos, I did not gamble at all :D


Congrats Winston!!! you have "exorcised" the evil experience of greed many years ago!!

PROMISE, PASSION, PEACE, POWER, PURPOSE, PLAN, PATIENCE, PERSEVERANCE, PROTECTION
DELIGHT, DISCIPLINE, DILIGENT, DETERMINATION, DESIRE

"Its not whether you're right or wrong thats important, but how much money you make when you're right and how much you lose when you're wrong." - Warren Buffet
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Re: CANSLIM & Momentum Investing

Postby Aspellian » Wed Aug 12, 2009 3:15 pm

millionairemind wrote:Pai sey ar... I meant to say K is Lao Chiau (old bird) not Lao Chio (Old hiao) haha.... :mrgreen: :mrgreen: :mrgreen:

My hokkien translation really CANNOT MAKE IT :D


hahahaha!!! i am sure he is as chio and charming as he is the experienced OLD BIRD!!!!!
the girls must be swarming over him all the time!!!
:mrgreen: :mrgreen: :mrgreen:
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PROMISE, PASSION, PEACE, POWER, PURPOSE, PLAN, PATIENCE, PERSEVERANCE, PROTECTION
DELIGHT, DISCIPLINE, DILIGENT, DETERMINATION, DESIRE

"Its not whether you're right or wrong thats important, but how much money you make when you're right and how much you lose when you're wrong." - Warren Buffet
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