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Sunday, April 8, 2007

Learning Technical Analysis

so gush, so many things to write but so little time.

Recently I am busy learning technical analysis (TA) from new founded friends which i knew from a forum. they are much older than me n they do not mind sharing with me. I feel so blessed as these are experiences which may not be read from books. Okie even it can be read from books, it will take a much longer time. especially i can fall asleep easily if ask me to read n digest what the TA books are talking about!! one of them is retired, and had lose a lot of money in stocks too, told me he is now earning back what he had lose. TA works 70% of the time....and it is at least i know something rather than trading blindly in the past. i realise for those ppl who do not know TA or FA (Fundamental Analysis), or depending on analysis reports or rumours, just buying a stock could land you in deep loss sooner or later (statistics had proved). Remember luck do not happen always. You can win e.g. $5000 from the stock market, but if you do not have any TA, FA or a set of rules, the $5000 can still be lose back to the market (or lose even more).

It needs a lot of hard work and i have been putting a lot of hard work reading up books, internet and learning from the forum recently. During this period, I am been taught how to fish and where to hunt for fishes. it's a exciting journey of learning and i like it.

Robert kiyosaki said "if you want to be successful, learn from the masters". I realise how true this statement is. if i learn it myself, it will take so much trials n errors. Meeting with the folks for 3hrs plus alone can learn so much!!

A few of them agreed to meet up with me to teach me TA, it becos i had helped the forum to organise a 50 people class on a stock market talk on 24th march earlier. A guest speaker had agreed to me that he will teach the class...so i helped to organise. it had kept two of us so busy for that few weeks. But i had earned friendship n respect due to this. i become a famous forumer there too (read: hard work, selfless sacrifice, time n effort behind it)!!

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George from Perth called me up few days ago ... we have been exchanging lots of emails currently. he is another net friend (also retired) from i know from the stock market forum.. indeed, i was so happy. Feel that some of the people are taking care of me well.

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