Thread: Where to invest your lolly (Split from "More Visa Scares")

Originally Posted by kingwillyhggtb

yes i do.

prettty much always come out ahread. (meaning i've lost once or twuice and wone 8 or 10 times on a 5 year investment.) = come out ahead roughly 15% in front.

for me it was easy to set up - declared myself an australian redisdent - used my parents address.....

BUT what ever the fck u do with shares.... doint be afriad to pay some one to do your analysis... too may ppl go on gut feelings or newpapperspapers.....


you will nearly alsaws do much better! - thats their full tiem job

Yep, read and listen to the experts but don't blindly leap in when they nod. Boardies often deliberately misdirect, analysts crow about their winners and get sulky if their duds are mentioned, while brokers have their own interests on high priority unless you turn up with a suitcase of $100 bills, in which case they'll give you an occasional goodun to keep you sweet. Best if you have somebody you can trust and follow, till you find your own feet.

Or, follow your advisers with play money for a while, see how their selections get on, but play money is psychology easier to to be reckless with. There's also the matter of timing, buying and then selling at precisely the points you want is not as easy as it sounds unless yo're prepared to forgo the sread each time. Gl

Not sure if this is permitted, and if not then the mods can do away with it, but if is, would anyone be interested in a SET thread?

For any SET investors, and subject of course to unforseeable events such as Toxin returning or a well placed IED, NSM (0.38) is highly recommended on strict technical analysis as a cooker that's about ready to fly, quite aside from takeover rumours.

Notes:
*1 NSM has been on simmer close to two months, with two false alarms (just before the coup, and mid-Oct), so it may be anything from days to weeks before it starts to boil, according to the whims of the chef. If you're already holding be patient, it'll pay many bills.
*2 Target: mild res at 0.48-0.50 (30%), but it should strike through this no sweat, then res again at either 0.66 (75%) or around 0.80 (110%) <little point figuring second res levels till the first is at least approached>, but it'll go as high as the punters like. Technical downside is to rp at 0.36 (-5%), though if it does get there many will be happy to top up.
*3 SET stochastics overbought, suggesting SET is overheating with res at 740ish (now 732), but this should not affect cooking stocks. Each to his own, but I do not pay too much attention to the SET index except when it is in freefall; most of the time it pays to focus on the cooking stocks, and as somebody mentioned earlier, his 8 winners from 10 is a fine result, especially as the two losses will be disciplined and therefore minimal. Think this way: when the chefs are really cooking a stock, as opposed to teasing the retailer, SET cannot have much of an impact on that stock and it will rise regardless of SET's direction.
*4 At any time there are several stocks at various stages in the cooking process, but I have mentioned NSM because of its potential for a fast and significant profit, against a very small downside. And yes, I have most definitely put my money where my mouth is.

For anyone who followed my post of 12th Oct, my average on NSM is 0.34, TPIPL (11.60, average 9.95) is rising daily with occasional profit taking, resistance at 13 - 14, then 16.50 - 17.50, and NWR (0.86, average 0.62) seems to have shrugged off its resistance at 0.84.

Will be missing out on this one because am close to fully invested, but PRECHA (2.38, STOP/LPP 2.23) is also simmering, so there's scope for some more funny money to be made, no targets as I write, but will put some time into it if anyone pms for more info.

Good luck, have fun, and DON'T FORGET DUE DILIGENCE.

How does one partake in the SET online?

Would you like to manage some of my money?

That really would be fun!

Seriously, my current port holds only 4 stocks, the above 3 + MLINK (2.08, average 1.94), which is sitting pretty and already holds around 10% of opm, but to get you going if interested, start by opening an account, and use only spare cash that you can very comfortably afford to lose, at least until you don't wet yourself every time the SETmongers go into panic mode.

Most brokers will open two linked accounts for you, Cash and Internet. Cash is effectively credit extended by the broker, which is settled 3 days after your order; you feed your orders via phone to your broker, who will be conveniently unavailable when there's a sellfest or under Sod's Law when you have some urgent order to expedite.

Your Internet account holds your own cash which you control, buying and selling online in real time; no credit.

If you are experienced, keep in mind the SET is unlike anything you will find in Europe, and if not, do follow common sense money management (protect your ass and assets) and discipline, and remember your two worst enemies are greed and fear.

Let me know when you've opened your account, and I'll start you off with whatever's cooking at the time.

Due Diligence.

Sorry, still don't know how to open either account.

How much should one invest min to make any sense?

I assume you know more about this than politics.

keda, are you are a fucking day trader ? you can't predict prices, therefore all your resistance and averages are all BS. Just a thought.

I am not a daytrader, never have been, never will be, and for fcuk's sake get it through your thicko skull I never want to be. First off, according to very successful daytrader friends, no more than 20% (if that) of daytraders are consistently in profit, and then, daytrading demands specific qualities and skills and expectations that I do not have and am not prepared to learn or adapt and not sure I could if I wanted to, which I don't. Meanwhile, I make enough to tide me over, and subscribe to the discipline that if it is working don't fix it.

Of the trades since I met SET last year, I have only three times literally daytraded by buying and selling a stock on the same day, and on each occasion it was because I missed the initial run, leapt in and then out an hour or two later with profits of 4%, 16% and 12%. Relate this to a total commissions column closing in on 400k, and with a bit of training even you might be able to do the math.

If we extend daytrading to be defined as buying and selling within a week to 10 days as a trading norm rather than the exception, I would rarely fall into that category, though notably the first time happened to be when I was getting what turned out to be the most expensive bj of my life, if we ignore marriages. Background: I had bought heavily into JAS last November at .43 and .44 with a target of .70 - .75, then loaded up on with more on the way down to .40 and then more on the way up to increase my average to .50. In January, I was going away for about a week during which internet access would be uncertain and at best sporadic, SET seemed to have peaked through the December/January rally, and a correction was expected; on this basis, with TPI in the green but shaky and JAS more than halfway and close enough to my target, I decided to hold the rest of my port but offload these two vulnerables, TPI (8.40, after dilution) and then JAS, at .64 moments before it hit .65, and that was that, I logged off and went away and had a great time redistributing some wealth, oblivious to the fact that I had committed a major blunder and one that will never happen again so long as I have the strength to rile you with my presence on this board. Returning to LoS and my account the following week, by which time JAS had dropped to .52, I realised I had distractedly clicked the buy box instead of sell, thereby doubling what was already the largest investment in my port - and bolting my average from .50 to 0.57! Upshot, eventually sold at .49, resulting in my largest loss to date instead of a very tidy profit. Ironically, had I inadvertently tried to 'buy' JAS before selling TPI, the order could not have been processed because the funds were not available.

So, a daytrader I am not, and you really would be dangerous if you knew anything.

Btw, if you can show me somebody who can predict price movement I'll show you a liar or one of the privileged with access to inside info, which excludes me.

As to averages, if you save up enough for the minimum individual trade as detailed in my next post, you might notice you need to do nothing because the computer tells you what your average is at any given moment in time; this knowledge is an integral part of whichever form of trading one opts for, whether daytrading, or short or medium or long term investing. You won't even need to configure the screen, because the account software is programmed like that to help the afflicted.

you pretty much fit the definition of a daytrader. I mean they are useful, but they take stupid risks and most of the time loose their shirts. The fact you are focusing on prices mostly put you in that category. Again useful for the market, but dangerous for long term investing and your money in general. Just a thought. A porftolio of 4 stocks is not much of a portfolio. Might as well play race horsing for that much risk and exposure to abnormal return.

sTROLLer: Not sure of minimum account requirement, but if you're a farang you can meet it; something like 5k. Services and facilities at broker offices are pretty standard, with loads of terminals for accountholder use and general surfing, which'll afford you the occasional outing to terrorise from a different location, free drinks, sometimes sandwiches, and of course newspapers and stocksheets; never used them myself, but they're available.

Minimum trade is 100 units of any stock, which can be as high as 22,600 (at PTT's Friday close), or as little as 10 baht (NSM-W1) + commision, which most mods should be able to scrape together.

Commissions are very reasonable, something like 0.21% online and .25% by phone, and if I had my comms back I wouldn't be so grumpy.

The stocks you trade as a farang will be NVDR, which is irrelevant seeing as you won't want to be voting on company issues anyway, divis are subject to a 10% withholding tax which applies equally to Thais, and stay clear of warrants unless you really know what you're doing as they can fall or rise astronomically in a moment. Not sure about visa requirements, but my first account was opened with a non-O.

Best not to recommend a broker because they vary even though their basic services are pretty straightforward, and you may prefer to try out a couple before deciding which one suits you; you can transfer individual stocks or your entire port to another broker, so you do not need to feel obligated to one. Visit: Investor Education for startup info to get you going.

Good luck

Thanks for the link, a very useful introduction.

well daytrading is definitely NOT investment, more like speculation, and nothing more than gambling IMHO. Thais do it all the time and they love it. I hate gambling, unless it's Thai boxing, and playing the SET the way you do it is definitely the worst way to play it. Again, useful for the market to make it liquid for the real investors, but hardly a viable long term strategy. Have you tried FX/Trading yet ? it's more "mechanical" so your game with prices might actually make more sense there.

Thanks for the advice, I'll keep it in mind.