Do Trading Course actually work ? - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Education and Personal Growth

Education and Personal Growth Schools, further studies, getting ready for employment, and motivation stuff




Do Trading Course actually work ?

 Citibank Cash Back Card - up to $350 cash back* - Click to Apply Now 
Reply
 
Thread Tools
  #1 (permalink)  
Old 05-08-2010, 05:06 PM
Super Member
 
Join Date: Aug 2010
Posts: 331
lazyplane is on a distinguished road
Default Do Trading Course actually work ?

Hi,

I am keen to know if there are folks who have attend trading course conducted by those advertised trading managers and found those tips that are given useful and workable.

Care to share what was the best advice you received ? And what was the "school fees" you paid so far ? And how tips given actually made an improvement to your trading strategy / portfolio.

Frankly, would you also comment if this is due to luck or really increase in your trading skills.

Reply With Quote
  #2 (permalink)  
Old 05-08-2010, 10:33 PM
Unregistered
Guest
 
Posts: n/a
Talking

The real key to trading.. let me tell you.

Number 1: Identify the major trend (up or down)

Number 2: Trade that trend...as if give higher probability. Build small positions...
and keep adding to that trend and let time make the trades mature.

Minimize ultra short term trading... which will likely cause you psychological and $$$ damage.

As to how to identify trend and add positions... you have to find it yourself. Without number 1, nothing can work. Think of major trend as Big Boss and adding positions as Workers. Add more Workers along with the Big Boss. If Big Boss turns, take out Workers batches by batches.

Reply With Quote
  #3 (permalink)  
Old 06-08-2010, 12:09 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
The real key to trading.. let me tell you.

Number 1: Identify the major trend (up or down)

Number 2: Trade that trend...as if give higher probability. Build small positions...
and keep adding to that trend and let time make the trades mature.

Minimize ultra short term trading... which will likely cause you psychological and $$$ damage.

As to how to identify trend and add positions... you have to find it yourself. Without number 1, nothing can work. Think of major trend as Big Boss and adding positions as Workers. Add more Workers along with the Big Boss. If Big Boss turns, take out Workers batches by batches.
I have an even simpler strategy - buy during major recessions / crises, e.g. 1997 AFC, 2000 dotcom bust, 2001 september-eleven, 2003 sars, 2008 lehman, and sell half to two-thirds during major euphoria (1996 property craze, 1999 dotcom craze, 2007 super bull run) which usually happens just before a major crisis.

You'll find that this is easier than going in and out of the market. If the market is unexciting, you just sit back and enjoy the dividends.

Reply With Quote
  #4 (permalink)  
Old 06-08-2010, 07:47 AM
Unregistered
Guest
 
Posts: n/a
Default

Of course trading courses don't work. Cos the trainers themselves are failures. Why else would they want to teach and impart their knowledge? If they can already make millions, why waste time teaching dummies who don't know anything?

Remisier King Peter Lim doesn't teach for money. He willingly shares his knowledge (the general stuff) with newspapers. Go read his interviews. Of course, he won't share the very special stuff that gives him an edge. He'll buy the stock first, and then later the newspapers will learn of it, like the recent purchase of Informatics stock.

So, if you are a "dummy" in trading, do yourself a favour. The first thing you should do is read up widely first. The basic stuff is all free. As for the stuff that gives people an edge, you can never learn from a "guru" anywhere. It naturally comes with intelligence and experience.
Reply With Quote
  #5 (permalink)  
Old 06-08-2010, 09:17 AM
Super Member
 
Join Date: Aug 2010
Posts: 331
lazyplane is on a distinguished road
Default

Arent you afraid that the company you invest go bust ?



Quote:
Originally Posted by Unregistered View Post
I have an even simpler strategy - buy during major recessions / crises, e.g. 1997 AFC, 2000 dotcom bust, 2001 september-eleven, 2003 sars, 2008 lehman, and sell half to two-thirds during major euphoria (1996 property craze, 1999 dotcom craze, 2007 super bull run) which usually happens just before a major crisis.

You'll find that this is easier than going in and out of the market. If the market is unexciting, you just sit back and enjoy the dividends.
Reply With Quote
  #6 (permalink)  
Old 06-08-2010, 09:21 AM
Super Member
 
Join Date: Aug 2010
Posts: 331
lazyplane is on a distinguished road
Default

Maybe, but if the other guy is right, there is a major surge in interest in trading and these are guys are really milking it.

But really, i do want to hear more about those who really attended these training and if they really experienced a increase return over their portfolio.

Would you say doing a CFA, etc will be better than going for such a course or the reverse is true ?





Quote:
Originally Posted by Unregistered View Post
Of course trading courses don't work. Cos the trainers themselves are failures. Why else would they want to teach and impart their knowledge? If they can already make millions, why waste time teaching dummies who don't know anything?

Remisier King Peter Lim doesn't teach for money. He willingly shares his knowledge (the general stuff) with newspapers. Go read his interviews. Of course, he won't share the very special stuff that gives him an edge. He'll buy the stock first, and then later the newspapers will learn of it, like the recent purchase of Informatics stock.

So, if you are a "dummy" in trading, do yourself a favour. The first thing you should do is read up widely first. The basic stuff is all free. As for the stuff that gives people an edge, you can never learn from a "guru" anywhere. It naturally comes with intelligence and experience.
Reply With Quote

  #7 (permalink)  
Old 06-08-2010, 09:34 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by lazyplane View Post
Maybe, but if the other guy is right, there is a major surge in interest in trading and these are guys are really milking it.

But really, i do want to hear more about those who really attended these training and if they really experienced a increase return over their portfolio.

Would you say doing a CFA, etc will be better than going for such a course or the reverse is true ?
When I was younger, I did 2 levels of CFA. I wouldn't say it's entirely useless or useful. It's just like a degree - employers want to know if you are able to learn things well and excel under stressful conditions like examinations.

But, having said that, education can only bring you to a certain point. And sadly, at that certain point, you are on par with many many others. To differentiate yourself, a lot of what you need is common sense, analytical skill, experience and definitely some luck.

Honestly, if you ask me, you don't need degrees or CFA to succeed in anything.
Reply With Quote
  #8 (permalink)  
Old 06-08-2010, 09:43 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by lazyplane View Post
Arent you afraid that the company you invest go bust ?
How many companies have gone bust? They are usually the ones into "special areas".

To play safe, you can always trade the STI component stocks or blue chips. I've made over 100% profit in the last crisis trading them ("trade" as in medium term trading, not "in and out" trading). Of course, you can always cite CSM and Creative as bad examples, but for every CSM or Creative there are countless other very profitable stocks.

I can tell that you are a noob. You need to read widely and monitor the market closely with an open mind. Study the big charts, study the 10-year history (if you ask me, I don't trust short term technical analysis).

Don't waste time on seminars. They won't help much - they'll only enrich the self-proclaimed "gurus". Your time could be better spent reading and monitoring the market. I used to waste a lot of time reading about the seminars, their ads, their trainers, attending their "free" previews, and wondering why they do it, how they do it, are they for real, etc. It's a waste of my time. Or maybe not - I can become a seminar guy one day too!
Reply With Quote
  #9 (permalink)  
Old 06-08-2010, 10:54 AM
Super Member
 
Join Date: Aug 2010
Posts: 331
lazyplane is on a distinguished road
Default

Wow. I am impressed. You determined that i am a noob because of which statement ?

Anyway, since i started this thread, i want it to be more constructive. I read most posts here and i find that they are not constructive and usually filled with personal remarks so that a reader cannot make good use of the information given. Hope that things can change and i will strive to provide sincere advice without the personal element for those who really need it. (and if i fail, let me know and i will give you my apologies) . That is also one reason why i decided to move from unregistered status in this forum so i can be accountable for my words. ok, enough about my convictions.

Back to your post and point on investing in crisis which is similiar to gabriel yap. Can you share your key assumptions ?

My questions are :

1. Do you invest in large cap companies during crisis or small cap ones ?

2. And during crisis, do you favour any sector speciality for the rebound? Hard commodities like oil and gas, metals , or maybe tech , finance etc ?

3. You seem to also favour the warren buffet approach of LT view of companies. If so, then your trading strategy is strategic investment bet style.

4. Care to share what is your worst investment ?

Ok, by the way, i am keen to know more about really short term trading? Less than a week timeframe of holding.

Those who do, please share , and maybe let's see if we want to start a separate post on technical trading if more are interested.

Again, the purpose of this thread will be to also determine if trading courses do work ?

Is it really just down to luck to be a good trader ?



Quote:
Originally Posted by Unregistered View Post
How many companies have gone bust? They are usually the ones into "special areas".

To play safe, you can always trade the STI component stocks or blue chips. I've made over 100% profit in the last crisis trading them ("trade" as in medium term trading, not "in and out" trading). Of course, you can always cite CSM and Creative as bad examples, but for every CSM or Creative there are countless other very profitable stocks.

I can tell that you are a noob. You need to read widely and monitor the market closely with an open mind. Study the big charts, study the 10-year history (if you ask me, I don't trust short term technical analysis).

Don't waste time on seminars. They won't help much - they'll only enrich the self-proclaimed "gurus". Your time could be better spent reading and monitoring the market. I used to waste a lot of time reading about the seminars, their ads, their trainers, attending their "free" previews, and wondering why they do it, how they do it, are they for real, etc. It's a waste of my time. Or maybe not - I can become a seminar guy one day too!
Reply With Quote
  #10 (permalink)  
Old 06-08-2010, 12:00 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by lazyplane View Post
Wow. I am impressed. You determined that i am a noob because of which statement ?

Back to your post and point on investing in crisis which is similiar to gabriel yap. Can you share your key assumptions ?

My questions are :

1. Do you invest in large cap companies during crisis or small cap ones ?

2. And during crisis, do you favour any sector speciality for the rebound? Hard commodities like oil and gas, metals , or maybe tech , finance etc ?

3. You seem to also favour the warren buffet approach of LT view of companies. If so, then your trading strategy is strategic investment bet style.
Sorry if I sounded rude. I just thought you were new to investing / trading. That's all. No offense intended.

1. Large caps.

2. Commodities, oil and gas, and a little finance, SGX too.

3. Not exactly Buffett approach. He rarely sells. I buy low during crises and sell high during happy periods. There's a risk too - if the crisis turns out to be as bad as the great depression (or its aftermath), my money could get stuck for a long time before I see any gains.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Eye Surgeon Lost 15k USD in Options Trading Salary.sg Investments and Net Worth 9 20-02-2012 01:18 PM
What work-life balance? Salary.sg Income and Jobs 2 02-06-2008 11:48 PM
Bank executives work long hours Salary.sg Income and Jobs 2 25-05-2008 03:02 PM
Work forever? Salary.sg Investments and Net Worth 0 28-05-2007 11:59 PM
Work-life balance more important: Survey Salary.sg Income and Jobs 1 09-05-2007 03:25 PM

» 30 Recent Threads
Compare civil service salary ( 1 2 3... Last Page)
10,870 Replies, 6,010,994 Views
How much do you need to retire... ( 1 2)
12 Replies, 2,261 Views
You Can Buy Happiness
8 Replies, 6,629 Views
I need advice
3 Replies, 357 Views
Sharing my Passive and Active...
8 Replies, 2,059 Views
Job offer from Apple ( 1 2 3... Last Page)
484 Replies, 107,135 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
155 Replies, 39,643 Views
Mid-Year Civil Servant Bonus 2020 ( 1 2 3... Last Page)
75 Replies, 16,284 Views
Lawyer Salary ( 1 2 3... Last Page)
9,717 Replies, 3,158,899 Views
Anyone work in AVA Animal Health... ( 1 2)
13 Replies, 5,938 Views
GovTech Tech Associate Program...
2 Replies, 2,926 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,084 Replies, 3,876,089 Views
ST Electronics ( 1 2 3... Last Page)
981 Replies, 276,518 Views
How much does a typical FP&A... ( 1 2 3)
24 Replies, 1,697 Views
Python programmer skillz and pay
2 Replies, 187 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,448 Replies, 2,043,217 Views
Feeling helpless, need advice... ( 1 2)
18 Replies, 6,236 Views
Job Application with MOE... ( 1 2 3... Last Page)
249 Replies, 229,417 Views
Career as Teacher ( 1 2 3... Last Page)
2,943 Replies, 1,802,853 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,040 Replies, 830,219 Views
Advice for SAF regular pls
8 Replies, 640 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
233 Replies, 144,236 Views
Civil/Public Sector -... ( 1 2 3... Last Page)
411 Replies, 227,853 Views
DBS tech seed programme ( 1 2 3... Last Page)
148 Replies, 15,454 Views
High Finance Thread ( 1 2 3... Last Page)
154 Replies, 33,123 Views
What course should I undertake? ( 1 2)
16 Replies, 7,144 Views
How useful is CMFAS in improving... ( 1 2 3)
22 Replies, 29,567 Views
GovTech career grade ( 1 2 3... Last Page)
133 Replies, 167,386 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 12:40 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2