Sparrow's Golden Roos for Surviving the Market

Sparrow's Golden Roos for Surviving the Market

Here are some golden rule over the years I follow, if you want can take a look. 

You can agree or no up to you. Ebery body trade different. It is up to you to believe or experient them yourselv to understand what i say.

 1) The Market is always there. It won't fly away and neber come back. So, please do yourselv a chocolate flavor , NO NEED to KAN CHEONG in the market. Wait for guud opportuunity to trade. Foe xxamper, no need to chase after stock when they cheong. Like that you will get caught with your underware down and a lousy price. and no need to panic if stock lao sai a bit in a tok kong trend (strong trend). 

 2) When got kopi and you tink enuf alredy, take. Money in pocket is alway best and smell nice than parfum. This one apply to 10v20 trend strategy as well as punting for quick kopi lui.Never give your profit back to Mr Market. 

 3) If you are a head-less mosquitoe absolutly no idea which direction to go, then you alway follow the trend  That is the best you can do alredy. Use 100/200 , 10v20 to see trends. Dis one is my method to see trend. You can use other methods. OR you dontch trade at all if u are notch confident.

 4) Never take your profit bit by bit. This is rather s2pig way to trade and many peepur dont know. Sparrow will tell you, imagine you got profit alredy, you take half and let the rest continue. then market go the other direction, your profit gone. you earn oni half of what you earn if you have just taken them all. Who to blame? You bang your head squeeze your balls lorrr.. See Rule 1 again. The Market is alway there. make your kopi lui agian some other time by waiting for that lao sai again. So TAKE ALL YOUR PROFITS in 1 shot. That way oso you dont PAP (pay __ pay ) more commision.

 5) Never go long at resistant or short at suppork. My method use 100/200 as supork and resistnat (10v20 so). You can oso ouse other method like looking at the highest point and lowest point , or use other indicators. But the idea is all the sama sama. If you short at supprk , price may get supprk and you dont have guud reward alredy. So neber take the resistant and suppork levers that your indicator tell you for granted. they are beri powderful, often use by BB oso. 

 6) Alway have cut loss and never shift your cut loss lever. If you set a cut loss leow, then for hagen daz sake dont shift it leow. What for shift it right? If you do, means you are EMO. like this fellow below but without the "l" hehhh. 

if you are EMO, you better dont' trade. Go fly a kite is better. it is much cheaper to fly kite and you can sometime see chio bus as well. Oso neber do average down on losing punts. Unless u sibei loaded with $ dontch knw where to spend. Why notch u consider gib Sparrow some.. ? hehhh

  7) Never trade according what the news say. Sparrow dint say cannot read news. Read news just for entertainment but dont use what the news say (analyst etc) to make your trade. For xxamper, you see guud news today, then you go trade. Dont be so s2pig. When the news reach you, you are alredy too late. That why you will alway be the one chasing stock. Look at your chart , your chart is your best buddy fighting Mr Market with you. Use him like you know how to use guud toilet paper. Learn to buy stock before it cheong then you RIP the most reward.

 8) No need to make big fuss over weather you are trader or investor or you swing like a monkey or position yourselv like a statue or you trade in the day and not at night. They are all the same. Beautiful words created to confuse and make you blur like sotong. Gib you xxamper, if you are position trader keep stock for weeks one, if tomorw big lao sai, you will cut or not? you still think you are position trader? In the end it is how price move that will determine what type you are. Bruce Lee say "Be water my friend". So be water lorrr.. bend with the price.

 All want to make money oni. Who doesn;t? you tell me one person who doesn't want to make money, i chop. (don't get wrong idea, i haven't say finish chop what hehhh) . You are investor if you hooldd for long term. You sure or not? I tell you you are wrong. Tomorrrwo if got another lehman brother on your stock you will still cut loss. You think you will still hold? if you still hold, you are lousy investor, don't know what you are doing. Better don't wast hard earn money investing. same for what terms like position , swing trade, day trade...all are irrevelant. So if you are still finding out for yourselv which style you are, dont la. don't waste time. 

You trade on a guud chance, put a cut loss, take your kopi, that's it.

9) No one can tell you exctly what will happen in the future unless he is the mr market himself. So for your stomach's sake, no need to listen to bull crabs that give you what projection laaa, what forecast laaa..you can read them for your selv amusement but dont use them as entry points for your trade. You will still have to look at your chart to decide becorse if BB want to move stock, who care about what this guy predict or what that guy forecast? Remember Rule 7. Trust your buddy. ( Same for craps like using Feng sui or bratley astronomy etc that have no basis at all.  ). That mean you oso cannot trust Sparrow simple becorse he cannot tell the future. Alway do your own homework first.

 10) Wahh see, no indicators no nothing dont need to use anything i can oso make kopi.So now you belive and s2pigly go pay hard earn kopi lui to learn how to do it , while you can do it for free, if you kut lak tam po (be hardworking a bit). This guy just read mind on xmas eve. While we alredy read mind 2 weeks ago. This is not to hao lian or what, but just to tell you that no need to be so dazzle by things like no need indicators bleee blaha blee blah. If you use your indicator like how you brush teeth ebery day, you can oso make kopi. I showed you many xxamper calls alredy. You have seen for yourselv oso. And its all FREE!!

11) The stock market is the oni place you cannot get love. Please laaa dont love a stock. The stock wont love you back. Last time you love Miss Sakari, now she married alredy. She dont love you at all. Why waste time. Remembr rule 8, investor who dont know Rule 6 will now oso terng kor. My advice neber hold on to stock too long. Got kopi take. All stock are the same. They aer only price, or what you call numbers! You tell me "dont be ridiculous i dont belive you". Well you open your Chartnexus and open all the stock you like. What do you see? You just see stock with diffelent price/numbers, some $1.18, some $3.70, some $0.30 and they are ALL DOING THE SAME THING, they are all going ki lo, ki lo, buay ki buay lo (up and down and ranging). 

 12) Mr Market is beri simper, can walk 3 ways oni. Up, down and oso walk like a crab.you can neber be more rugi buying your stock at a down than buying at a up. Therefore when trading the market, you have to use common sense laaaa. buy at a down so that you got more reward for a cheong. After a tua lao sai, sure you must eat, eat and eat, until the next lao sai correct? How you buy at a down? simple, you either feel with the indicators (punt) or you wait for confirm (like your blue bars at supprk). Note this rule similar to rule 5

 13) Indicators can help you , but put too much can tua ler ker hor lan (bring you to holland). Please laaaa its not quantity that count, but quality of interpreatation of your chart. You seen 10v20 and how it work. Only 2 MA can help you trade profitabee  leow. If you guud, no need oso can laaa.. but most newbee no experience yet. So dont put too many ok.

 14) When you hear company want to issue rights, run road fast. Remember Rule 11. Dis one FA gurus may disagree but i dont really care. Once got rights issue most probabee mean company is in shit-hole alredy. Sparrow advise if you use FA, then have no feeling for stocks that are in shit. Just run.

 15) If you want to trade, then you must be a loser. If you lose , dont kpkb. Losing is a fact of trading. while you can try ebery means not to lose, the fat is losing you cannot escaape. if you cant even lose $100 i think you better take your kids out for happy meals better.

 16) Some peepur belive in FA. I dont. ( and dis one ultimately oso subjective). Simply becors of things like takeovers, rights issue etc and Rule 9. You neglect your wife or ger friend and spend your nights calculating PE laaa ROA laaa , cash flow laaa, etc but in the end you are just using history data oni to forecast future earnings which you oso dont know will happen or not. (One thing may happen is your wife may run road lorrr hehhh. Joke laaa dont take seriouslee). Even last time a guud company like Cosco from 8 dolar can become 80cent. You say the company is guud base on FA, but look what price is it now? That why, i only belive in what my buddy tell me. You say the company is worth $X. I tell you the company oni worth what you see on the chart right now. 

17) When you lose kopi lui, you alway blame yourselv and no one else. Yes correct, YOU are the culprit for your own death. RIP. dont blame your parents, your ger-friend, your wife or your pet dog. YOU are the one to blame ONI. 

 18) When you take kopi lui alredy, no need to kao pey kao bu (complain) about taking kopi early. There simply no such think as "sell too early". I ask you laaa if you sell alredy price lao sai, you will tell yourselv "heng ah", right? if not, den if price cheong further you will of corse say "sell too early" lorrr. Den I ask you, you can tell future are? if you can, i will not trade, i pay you money better. So forget abot this term alredy. This is oso help you live longer. You tell yourselv at least you got kopi, others may not have. You will look for other stocks to punt after that. Seriouslee your live is so short you have no time to kpkb about this.

 19) Like Rule 13, listening to too many gulus and expert on their opinion and view will oso tua ler ke hor lan.  Mr A or Mr B? both are gulus in their own ways, both are reputable. But this time , they give diffelent views. How ? You want to listen to who ? Then you join forum or group talk about stocks. So many gulus oso talking about 1 stock. So many views, draw here draw there. Now you become more sotong. Remember if you become like that, alway remember Rule 7. Sparrow tell you , only the price of the stock (and sometime the vol) will tell you the tooth. Nothing else really matter.

 20) Trading shud be fun, not stressfooll. I often see a lot peepur ask here ask there on stocks, weather tmorow will cheong some more, or tomorw will lao sai or notch. Oso beri the kan cheong. Its normal for new bird to trading to feel dis way. but for peepur who play market for quite sometime leow shud not feel dis way alredy. Trading shud be fun , dontch be too stress. That why, i notch greedy, see enuf for myselv , take kopi and enjoy. come back another day. This is how i survive the market ebery day.

21) Alway stick to and folow your stragety (that is working). Dontch care where you are, what time is it. You can use sticky notes stick to your laptop, or follw strategy go to toilet or when you sleep you can dream of it. Alway stick and follow your trading strategy like mad dog.! Dontch care what peepur say , Dontch care what news say. Just folow it, eberytime!

22) Dontch listen to analyst buy, sell, target calls from broker hiouse. Comon laaaa if thy relly that guud why ebery time cannotch make it? what method they use to make calls? who are they just fresh grad or what? so many diffelent brokergea house who to listen to? gona concern wif so many question i might as well trade invset for myselv. integrnet gotch many article on stock analyust, go and see what peepur say

 23) Follow the rules you make. Write so many rules, donch follow oso no use. So try your best to follow them all. 

Posted by Sparrow at 12/26/2012 09:26:00 pm