No Market View today but I got something to say

Hi blog readers, there will not be any Market View
today since I will be on holiday next week and I
don't want to tell you to buy/sell then I myself go
missing for the next 2 weeks. But those 90s stocks
that I recommended this week have performed really
well and hit the $1 within days, for the like of PEC,
CSE, Swiber.... did you profited from them?

Anyway, I have received numerous questions from
email and skype on how exactly to trade in the
market and profited from it. I am a believer of
before you can Earn, you need to Learn, so I will
recommend some books for the readers to read
and hopefully they will have better and clearer
understanding of Mr Market.

For a start, our own National Library has many
many books on stock investing, trading, speculating
and those boringly useless financial theory books.
If you are free and willing to improve your knowledge
on Mr Market, then please pay Mr Library many visits.
You will benefit greatly from it.

I would recommend the readers to read up a book
by a local author who is a senior trading representative
titled "Why Am I Always Losing In The Stock Market".
Don't tell me that you simply have no time to read any
books as you can finish this book within 2 hours or less.
Read it a few times if you want, and read it again.

Another few books that you may be interested are
Nicolas Darvas' "How I Made $2 Million In The
Stock Market". It is another thin book that can be
completed in 2 hours.
William O'Neal's "How To Make Money In Stocks"
and his other publications are also good read but it will
take you longer to read them.
Alexander Elder, Warren Buffett, Larry William,
Ari Kiev and even George Soros' books are worthy read
as well, and if possible, read as much as possible, and grab
the gists and essences of each books and when you have
read well enough, you will see  repeating patterns and that is
when you know you are on your way......

Oh ya, by the way, if you think only the Americans or
the British know how to trade the market, then you
are pretty outdated and bias. The Chinese from China,
HK, Taiwan know Mr Market equally well, if not better,
so if you do understand Chinese language, read the books
too and I am sure that you will change your view completely.

I read a lots of books and publications on stock market
and trading methodologies, style and "secret" in search
of the "Holy Grail", and I only realised there isn't such
thing after numerous trial and error practical sessions
with Mr Market. To me alone, I know what is simply
rubbish and bullshit in some of the books and what
works in the market. Trend following/reversal, Support/Resistance,
Trading patterns, Volume analysis and Reversal play works,
and Indicators analysis simply don't. I am an advocate/supporter
of the KISS principle, and trading is actually quite straight-forward
and simple if you cut away the perception that you need to have
a business degree and using astronomical complex mathematics
formulae or methods to win in the market. Just KISS will do.

If you have been in the market for long, and have sparred
enough encounters with  Mr Market for long, I am sure you
will agree with me. But I welcome any differing views and
comments and  you are welcome to post them as comment
on the blog or email me if you preferred. We can discuss it further.

Over several conversations last few days, some readers
asked me whether I know that the market is going
for a tailspin during my holiday. I have a great laugh and
tell them that if I knew such thing will happen then
I will be richer than Buffett and Soros. Hehe...
If the market really goes down during my absence
then it is purely coincidental and unpredictable although
there are several signs that the 4th quarter is going to
be rough and drastic and anything and everything may
well happen.

Ok, I will leave it here for today. I may post one
or two more at the blog before I head off to the
holiday.

=====================================================
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.

If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!

市场生存座右铭: 风林火山