Terrible Trader Revamped

Global Test market : Earn money by doing surveys

2011-12-21T12:00:00.003+08:00

While surfing the web using stumbleupon, i happened to chance upon Global test market. Altough it stated that i can earn money by completing their survey, i was quite sketical and haphazardly believes that its a hoax. But then again, curiosity got the better of me and i decided to sigh up for an account. What the heck, i got nothing to lose right? I never regreted ever since.

For the first few months, surveys sent to me were quite slow. Typically around 2-3 survey, but i still continued to do it anyway. Some were short which typically took around 5 - 10 mins, while there were a fair share of lengthy ones but they generally last about 45 mins. After about half a year(yes, its abit SLOW, but i was determined), i managed to clock 1000 points. Quickly, i carried out a redeem and waited for my $US50. It took the cheque a month to reach my mailbox, in between i nearly forgot about it but i was surprised when i really got the money, i banked in the cheque and it was legitimate. I was $US50 richer. A slow way of earning money, but at least its not a hoax. Below are a list of pros and cons for your comparison. And if you wanna join, link is provided below as well. Happy Surveying and a Merry Christmas!!

Pros:
- Surveys increases once they deem you are active
- Get 1000 points and you earn US$50
- Legitimate
- Surveys are sent you via email and you are required to click the provided link
- Surveys are typically short and simple, longest i took was about 45 mins
- Great for students and housewives
- Do it at your own free time, but surveys can get expired if you ignore them for too long

Cons:
- You might be surveyed out if they feel that you are not suitable for the survey. But you still get a minimum of 5 market points
- Cheque sent to me via mail, but it took them quite some time to reach me. I got it around a month later once i submitted to claim my rewards
- Only cash rewards, i was hoping for other rewards though
- You can only claim $US50 once you have reached a min of 1000 marketpoints

Interested? Click the link provided. **I don't get paid for this recommedation though, purely out of sharing my likes. :)
https://www.globaltestmarket.com/index.php

Cheers
Shawn

What i believe when it comes to trading

2011-01-09T23:41:00.000+08:00

These are just my thoughts and i would like to share on the funny things about trading. It may sound senseless to you but i hope that someone do agree about it or felt the same way like i do during the course of learning and starting to trade stocks using your own hard earned money.

1. Praying doesn't help...what goes up will come down and down and down

I always fall into this trap when i was new to trading. Being ignorant, whenever a particular stock price goes in the opposite direction, there is always a mindset that i should hold and wait for the best. This stock will eventually rise and make profits. When weeks passed and months approached, i started praying. God, please make this stock rise, i will stop humiliating my brother and treat him nicer. Just when i couldn't wait anymore and seeing that my funds are depleting, i got out with huge losses when i could have lose lesser if i got out earlier. To add more salt to the wound. God answered my prayers too late and the stock shot up the ceiling while i continued to lick my wounds and cursed myself for not holding... If this sounds familiar to you, welcome to the club. You are not the only one. My suggestion to such situation is to put a stop loss or give yourself a tolerance level, how much are you willing to lose.Set that level and sell when it is reached. Pick yourself up and carry on trading. Dont give up.

2. Ask if you are not sure!!

Throw out your ego when trading. Don't always think that you are right and worst of all, do not "Assume". Ask someone for help whenever you are not sure on how to trade, i have seen people blindly keying wrong figures and instead of buying, they short sell. Imagine the amount of losses you could make if you do not verify!!

3. Don't impule buy because your friend says this stock is a runner

Would you go to war not wearing your protective gear or fight your enemies without carrying your weapons?! I hope your answer is no... Just like war, you need to arm yourself before buying a particular stock. Have you done a analysis or a simple study of the company? Have you taken a look at the chart? Fundamentally is it sound? Technically is it right? If you are not sure of what this company does, don't even do a impulse buy. I would rather miss this opportunity than to lose money without making preparations.

4. Crying over spilled milk (You lost money in a trade)

Get over it! So what if you make a mistake, who doesn't! Look at Bush, he's doing fine...wounds will become scars, they heal eventually.

Video Log 281210 - Killer Presentations

2010-12-28T23:03:00.000+08:00

The thing i like about Youtube is the massive amount of content and information you can find just by typing the thing that you want and click "search". Tons of videos at your fingertips and you are practically spoilt for choice. This video which i personally liked is about how you make killer presentations to the general public. The tips which he gave are so true and we sometimes just did not notice that they could make such an impact to your presentation. Please spare around 8 mins of time and view this video, i guarantee you will not regret it!

Quote of the day : 271210

2010-12-27T22:33:00.000+08:00

"Action may not always bring happiness, but there is no happiness without action"

Benjamin Disraeli, former British Prime Minister

Its basically something which you ask yourself everyday. Should i do this or should i not do this. Where every step you take will result in another outcome and you are insecure about it. I call this the fear of uncertainty or in other words the fear of failing. But how do you know you will fail if you don't take the action in the first place, would you prefer to regret your non-actions in a later stage of your life? Even if the actions resulted in failure, are you gonna quit trying? Hmm, ponder upon this quote and judge for yourself...

The Wonders of Risk Management Tools!

2010-12-26T00:56:00.000+08:00

Over the span of 10 years, i have been trading my stocks based on fundamental and technical analysis tools (Do watch for these postings on how i trade using fundamental and technical analysis). Although the results were great, but they take up alot of my time as you are required to study the trends and company financials to understand or predict where the stock will go. I am not sure whether this is familiar to you but have you always constantly check the price of your stock during your office hours, lunch hours, toilet break hours?? If your answer is a 'YES', then you are not alone. But i gotta tell you this, its not good for the heart. Therefore, i decided to find another method to trade, a method that allows me to sleep soundly at night, concentrate on my work and toilet breaks and lastly one that there are no requirements for me to constantly track my stock trending AT ALL TIMES... Some useful trading techniques which i find very useful include:

Using Risk Managment tools

Stop loss

This is a strategy to prevent further losses if your stock goes opposite from your expected direction. By placing this order with a broker to sell a security when it reaches a certain price. Therefore a stop-loss order is designed to limit an investor's loss on a security position. I find this useful because it serves as a safety net.
For eg. Current stock price is $1, i predicted that it could rise up to $1.50. So i bought 10 lots for $10000. But i was wrong, stock drops to $0.50 on the third day, i loss $5000 ($10000 - (10 lots x $0.50)).
What if i put a stop loss at the same time when i bought the stock?Again, I bought the stock for $1, this time i put a stop loss for $0.70. Stock drops to $0.50, but i cut loss at $0.70. I only loss $3000($10000-(10 lots x $0.70)). One good thing about this is you don't even need to monitor your stock all day.

Trailing Stop loss

Similar to stop loss but with a twist. This order is set at a percentage below the market price and the trailing stop price will be adjusted as the price fluctuates. Eg. Price of stock which you bought is gaining momentum, but you want to hold on to it as you believe it will go even higher. You are unable to monitor your stock all the time and you constantly fear the stock will slide to the opposite side due to unforeseen events. Therefore you set a trailing stop loss of 20%(This depends on your risk level, how much you are willing to lose), everytime a stock fluctuates, you are given the assurance that as long as the stock drops to your trailling stop loss of 20%, it will sell the stock for you. Therefore limiting you to a loss of only 20% at all times.

Besides the abovementioned 2 methods, there are quite a few risk management tools to use. But to attract you to continue reading my blog, i will post the other methods at later periods. Hope you are excited about it. This blog is basically a sharing blog,if possible, i would like to appeal to everyone to comment about the methods or contribute their own methods. By learning from each other, we will be better equipped to tackle the sophisticated world of trading!

Disclaimer

All blogposts are strictly for information only and may not be suitable for your financial needs or goals. Please conduct your own research or consult a qualified financial advisor to assist you. The author will not be liable for any inaccuracy.

Pornblocker - Protect your family

2010-12-23T22:44:00.000+08:00

Although this product is not related to trading matters, and yet i am promoting it is because i am a parent concerned with the content that my child, nieces and nephews are watching. The world wide web has an abundance of information, although it comes as an advantage but there are always areas which us parents would have lapse in preventing unwanted content from being delivered to them. This product helps in:

Keeping track and checks the content of every web-page your child browses through in the Internet.
Finds some obscene content (characteristic of pornography, violence, religious sects, etc.), it will immediately block viewing such pages.
Will filter the content of every visited and viewed page - EVERY TIME!
For more information, Click here to check out their site

Concerned parents out there, if you do not want your children to be exposed to unwanted content from the world wide web, you can visit their site to find out more. Before you make any purchases, ask the relavant questions and prompt if you are not sure.My advice would be to always remember this, " Move forward only if you can see what's infront of you". Happy browsing!

Protect your child, protect their childhood...

Click here to find out more!!

Atomic Blogging Theme

2010-12-20T22:41:00.000+08:00

Although i am not a avid follower of atomic blogging, but i must say that their way of promoting their tool really packs a punch! Basically, their package comprises of step-by-step guide for bloggers who would like to learn and profit from their own blog. Some of the content includes:

Powerful tips on blogging
Things to avoid when blogging
Importance of keyword research
Optimizing your blog for peak performance and many more...

If you are serious into blogging, you can visit their site to find out more. Before you make any purchases, ask the relavant questions and prompt if you are not sure.My advice would be to always remember this, " Move forward only if you can see what's infront of you". Happy browsing!

Click here to find out more!

Video Log 191210 - The crisis of credit

2010-12-19T21:09:00.000+08:00

Credit goes to Jonathan Jarvis for this wonderful video

Video log is basically postings of videos which i think is informational and great for watching. Since this a blog on trading and finanical know-how. My first video log will be on "The crisis of credit". This video basically explains how the financial crisis actually started in the US and how it easily brought down the giants of financial world. Please enjoy!

Trading using CFDs

2010-12-18T10:53:00.003+08:00

Stay tune on this page. My writeup on the wonders of CFD trading!!!

How to save for your future

2010-12-17T01:45:00.000+08:00

We do not live forever, but we certainly would like to ensure that there would be abundance of money available when we reach the age of retirement. Plainly relying on your children to support you would be a selfish thought as i believe they would already have their own money matters to take care of. So how do we really need to go about saving for our future? Maybe you might wanna take a look at one of my suggestion.

1. Save a $100 a week (Or up to your preference)

A lot of people tell me thats ridiculous, $100 a week! That's equivalent to almost $400 a month!!Before you click the back button or divert from another webpage. What i want you to do now is think of the big picture. If you are able to practise a little bit of savings discipline, by continously withdrawing $100 a week and putting it somewhere in your piggy bank. Within a span of 6 months, you would have $2400 of savings!! And within a year, $4800!! You see what i mean?! Well if $100 is a little too much for you, i suggest you start small. A little can go a long way as long as you maintain the discipline. To make it even more enjoyable, rope in your spouse to do the same thing. If he or she is too lazy, offer to withdraw the money from them and help them to save. Thats what i did with my spouse. With our combined savings, we managed to save around $10000 within a span of one year. And with that extra savings, we were able to pay for our holiday trips without worrying about busting our bank accounts. Isn't that fantastic! What if you were able to save $200 a week or $300 a week, do the maths.

2. The power of coins saving

Once in a while or every day when you get back from work, put your hands in your pockets. Check for any coins left. Instead of using them for purchases, why not drop them into your piggy bank. I tried this method everyday without fail and although this may take some time, but with a little patience you will be surprised by the amount of coins you can save. Last count, i mananged to save $3000 and it is still increasing till now.