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mooncake

Another dizzy day for SWY today......whoohooo!!
So far up 17% since I bought in 2 weeks ago. Should I sell it tomorrow?
Like I said in my original post a few days ago....I think $23-24 should be the TOP for this run up. Just broke over $23 today!

btw...How is everyone doing?

the dogcatcher

Ok. 200 points Wed and Thurs. Think the GBPUSD rally is over now. Just about to look.

mooncake

200 pts?..

the dogcatcher

200 stock market points. The trade is based on pips or points. Say the FTSE stands at 5000 and you buy in at 1.00 pound a point and it goes up to 5100 you"win" 100 pounds, if it goes down you lose.
GBPUSD gone up lots this week. I was in until yesterday night when I sold for a "win" of 200 points at 1.00 pound a point. 200 pounds up.
It will probably go down this afternoon cos Americans who are holding long positions will not leave them over the weekend. Those holding short positions have already jumped from their office windows.

mooncake

Was that your normal profit?

Do you have the preset expectation before selling, like.. a certain percentage profit expectation before going in? Or just whatever the technical is telling to sell at the time.

For me I'm based on the technicals only...however long it may take, depending on how strong the longer trend ofcourse.
But I like a minimum of 20%, if I read the charts right, it should be easy. However when it's not, I try to run away like a house on fire asap.

But when I ran up too fast, that's when I get scare a bit to hang on for the next day.

the dogcatcher

It's is a sort of percentage expectation. We work with a risk/reward figure. ie How much can I expect to "win" against how much I can expect to "lose" if I get it wrong. This varies as conditions change. Different stratergies produce different risk/reward figures. The stratergy used will depend on market conditions. Most of my entry and exit points are based on technicals, and to a lesser extent market news and economic announcements. CNBC gave me a good steer on dollar this week, although we all knew it was long overdue.
We don't for instance "buy" or "sell" currency in the traditional way you would by for instance INTEL shares. Google leverage products. But if you want to know what it's really called I'll send you a private message Moony.

mooncake

yup yup SAME SAME here



thxs bunches ja,
I will definitely take up your offer, after the job slowing down abit in few months here.
Always want to learn more about it, but I better googling it first just to get my feet wet b4 asking for your help.

the dogcatcher

No private message. It's spread betting and may well be not allowed in Thailand. It is investing really but as with all stuff like this there is a very real element of risk. You will need at least 500 hours getting to know your pair. I use GBPUSD cos it provides good daily movement, but this is not for the feint hearted. It's more about pychology than anything else. Getting in is easy, it's knowing when to get out is the hard bit. Win or lose.

mooncake

I know that is not for a faint of heart. That's why I want to be sure and know what I will be getting into beforehand.
And NO I can't say that i am an emotional person..... Well except when doing my real works.

I'm quite happy just sticking with the regular stocks for now....quite overwhelming for me already

the dogcatcher

What's your real work?

mooncake

You sure ...don't know? You must not have seen my posts around here much ....yeah?
how about ...a guess
.
.
.
What's yours? and How did you get into doing forex?

the dogcatcher

I have absolutely no idea what you do. I am a sea captain, but due to the downturn in the economy have been forced into forex. Also my work is very seasonal and trying to get a really good living out of 4 months a year has been increasingly more difficult, so I needed something I could do here in LOS in the winter ie European winter, which makes good money ie western amounts of money and does not break Thai law, well not much.

mooncake

I'm an architect and a forecaster.
And got in stock trading during my university years.

the dogcatcher

Understand the achitect bit, but forecaster? Forecast what?

mooncake

urban planning: population movement, location analysis for various businesses...etcs

the dogcatcher

Complicated job. I just gotta make sure we don't sink or hit anything.

mooncake

Well for me I just have to make their many dreams come true.
hmm....more like be able to produce something from the fragments of their imagination

the dogcatcher

Solly, pound just lost 70 points against the dollar. Had to press a few buttons. Erm. So if I was starting a business is that how you would sell me your services.
"I will make you dreams come true" my customer.

mooncake

Not just in any business, only in the residential development ...of any scale.
I do feasibility report and also preliminary site planning.

the dogcatcher

thank your lucky stars you're not in Europe at the moment. Not much going on there for you.
On another note, have you any thoughts on the SET and the state of the baht. There hac been some discussion about the stability of the Thai economy of late.
What do you think will happen next?