this forum lacks of financial experts

[krafty]

Low energy price is good for economy. Only the few OPEC countries who rely solely in oil will suffer.

you are wrong in thinking that cheap oil price is ok, this causes deflation. you may save a bit at the gas station but overall, economy is in deep trouble.

 

[Cerebral]

from my experience watching the s&p for the past year,iv come to the conclusion that it goes up when it wants to and falls when it wants to,sometimes doing irrational stuff like falling 7 to 10 percent before bouncing up.this happened two or three times over the past year,each time everybody was convinced that doomsday has comed and another financial crisis is round the corner(which is good for me) but it never came.everytime i try to scour google and all the financial sites for information why the s&p is doing what its doing but it seems like everybody has a hundred different ideas but nobody has a clue what is going on.so dont be so happy that the fed did something and nothing happens,chances are the stock market are out of their control and is doing whatever it wants.although i do understand everytime the market crashes a bit,its always linked to some crisis,probably russia or something or the middle east or oil.

i no longer care what the stock market do anymore,if its in a bull run or if its up or down,on a day to day basis or week to week or month to month,cause none of it make sense,i only care when theres bad news or a crisis,like war in other countries,conflict with russia,war in middle east,recessions in other parts of the world,economic crisis in other countries particularly china,commodities crisis,companies in trouble,anything that can send a shock in the markets and send prices going down by 10 or 15 percent.....thats when its a good time to buy some shares......the bigger the crisis the better.otherwise i couldnt give a jackshit what the s&p does cause its all noise.

Could be manipulated though. If no such dips and rises, bankers where got money to buy their million dollar cars

 

[Wunderfool]

what is the basis for your claim?

I specialise in certain industries.

 

[krafty]

I specialise in certain industries.

what do you do and what industry are you in, may i ask?

 

[Cerebral]

you are wrong in thinking that cheap oil price is ok, this causes deflation. you may save a bit at the gas station but overall, economy is in deep trouble.

Beg to differ. Energy is the lifeblood of an economy. Everything needs energy to run. A low energy price will boost all key sectors and in return a multiplier effect to the economy.

 

[krafty]

Beg to differ. Energy is the lifeblood of an economy. Everything needs energy to run. A low energy price will boost all key sectors and in return a multiplier effect to the economy.

for instance, dun forget that SGD is peg to Brunei dollar, and brunei main export is oil. i can only think cheap oil can boost consumer spending by saving a bit in oil.

 

[Wunderfool]

what do you do and what industry are you in, may i ask?

I can't reveal my work, but I do know enough of certain industries and their trends. That 's where I spend a lot of time studying the business dynamics of the industries and invest in what I know best.

 

[krafty]

I can't reveal my work, but I do know enough of certain industries and their trends. That 's where I spend a lot of time studying the business dynamics of the industries and invest in what I know best.

good bro, i can understand your inconvenience for not saying. cheers...

 

[krafty]

i have been trading for the last 3 years, now, i am slowly crawling towards profit. in trading, do not harbour the thought of being rich but rather making money slowly. i knew someone from simex in the past, he was the pioneer who was sent to chicago then for training. how they cheat and make pple lose money is that every night, all brokers will consolidate the volume and pricing of the counters, they will then decide on which to sell or buy to make money from investors, either pushing up or selling.

bro frenchbrief, i think you are a very bright person. you are still young as you claimed and i personally think you have a very bright future ahead. all the best!

now,come to think of it, why pple lost so much in penny stock cos' of manipulation but SGX is doing nothing. i have a friend who lost 1 million and still licking his wound, this happened few years ago. lucky for him, he is from a silver spoon family background. but whenever i heard him say, i know he is "buay kum buan" and lan lan. speculating in penny stocks is a no no, unlike blue chip, who got so much money to manipulate.

 

[Asterix]

A US trader has become the first to be found guilty of "spoofing" some of the world's largest commodity futures markets in a landmark criminal case for authorities attempting to clamp down on deceptive trading driven by computers.

A jury in Chicago on Tuesday found Michael Coscia, 53, guilty on 12 counts, including intending to defraud other traders by flooding gold, corn, soyabeans, foreign exchange and crude oil futures markets with small orders with the intent of cancelling them.

The criminal case was a test of authorities' attempts to stamp out computer-driven misleading trading on the some of the world's most active markets.

Spoofing is rapidly placing orders with the intent to cancel them before they trade in order to trick other investors by creating the illusion of demand. While long prohibited by authorities and exchanges, it was explicitly banned under the US Dodd-Frank financial reforms of 2010.

The tactic has risen to prominence in futures markets with the emergence of electronic trading that has taken the place of face-to-face trading.

Coscia faces a maximum sentence of 25 years and a $25,000 fine on each of the six counts of commodities fraud and 10 years and a $1m fine on each of the six counts of spoofing. Judge Harry Leinenweber set sentencing for March next year.

"We're disappointed by the verdict," said Mr Coscia's lawyer Steven Peikin of Sullivan and Cromwell. "We believe this case presents many novel and complex issues, and Mr Coscia intends to pursue all of his legal options."

The jury deliberated for about one hour before reaching a verdict after a seven-day trial.

Federal prosecutors alleged Mr Coscia made $1.4m in three months of 2011 at Panther Energy Trading with an algorithm custom designed to spoof designed to "bait and switch" investors.‎

Prosecutors alleged that on occasion, Mr Coscia's Panther Trading was the largest participant in the market in spite of only having seven traders.

Mr Coscia's attorneys argued the law under which he was charged was hopelessly vague.

Trace Schmeltz, a partner with Barnes and Thornburg and a securities and commodities legal expert who was not involved in the trial, said the case had provided clarity around what constitutes as spoofing.

"We have learned what is considered legitimate price discovery in terms of the size of the trades and how quickly they are being pulled. And if you have an algorithm designed to cancel itself if any part of the trade is touched, it is deemed to be spoofing," he said.

"If you were a trader in high-frequency trading and had an algorithm that automatically pulls trades, this [verdict] would be of serious concern to you."

Officials at CME and Intercontinental Exchange's London futures market discovered unusual trading by Mr Coscia's Panther Energy Trading in 2011 after receiving complaints from traders.

Employees from CME and ICE, as well as rival high-frequency traders at Citadel and GSA Capital, were on the government's witness list in the trial.

The verdict came at the start of the FIA Expo, a big annual trade show for the futures industry taking place in Chicago. Among the companies showcased at the show's "innovators pavilion" were some that use software to detect fraud.

The guilty verdict is expected to be closely scrutinised by lawyers for Navinder Singh Sarao, the London-based trader who is fighting extradition to the US after becoming the second person to be criminally charged with spoofing futures markets.

Mr Coscia's criminal case was notable, lawyers have said, because he was charged by prosecutors after already agreeing to settle civil charges of spoofing markets in 2013. The gravity of the prison sentence he could face over spoofing may give other traders pause before they settle with civil authorities, lawyers have observed.

Zachary T. Fardon, US attorney for the northern district of Illinois, said after the verdict that federal criminal prosecutions were an important tool in protecting fairness and integrity in the markets for legitimate traders and investors.

"The jury's verdict exemplifies the reason we created the Securities and Commodities Fraud Section in Chicago, which will continue to criminally prosecute these types of violations," he said in a statement.

http://www.cnbc.com/2015/11/04/us-trader-found-guilty-in-landmark-spoofing-case.html

 

[mojito]

I specialise in certain industries.

What a coincidence! So do i!

 

[Asterix]

If a ballet dancer can make two million bucks dabbling in the stock market while still on tour and live to tell about it in a book, it probably is not impossible but definitely not easy.

Some kind soul has written a summary of another book which I found useful.

https://whatheheckaboom.wordpress.c...e-reading-market-tactics-by-humphrey-b-neill/

Come to think about it, I have made many more stock transactions than real estate deals, but the funny thing is, I have NEVER lost a single penny on the latter though the deals are less than ten. It is even possible to buy and sell without ever visiting the site and even before anything was completed and still make 12% on the full price and more than 100% on capital at risk since the initial deposit was only 10%! However, real estate is definitely more lay-chay - stamp duty, lawyers' fees and what not. Impossible to do at the click of a mouse.

Property stocks would be a good sector to specialise in - kill two birds with one stone!

 

[krafty]

If a ballet dancer can make two million bucks dabbling in the stock market while still on tour and live to tell about it in a book, it probably is not impossible but definitely not easy.

Some kind soul has written a summary of another book which I found useful.

https://whatheheckaboom.wordpress.c...e-reading-market-tactics-by-humphrey-b-neill/

Come to think about it, I have made many more stock transactions than real estate deals, but the funny thing is, I have NEVER lost a single penny on the latter though the deals are less than ten. It is even possible to buy and sell without ever visiting the site and even before anything was completed and still make 12% on the full price and more than 100% on capital at risk since the initial deposit was only 10%! However, real estate is definitely more lay-chay - stamp duty, lawyers' fees and what not. Impossible to do at the click of a mouse.

Property stocks would be a good sector to specialise in - kill two birds with one stone!

you all should follow this charbor here, although she claimed that she made 1 mil in 7 years, i surely have my doubts about that:

http://ladyyoucanbefree.com/

 

[eErotica69]

for instance, dun forget that SGD is peg to Brunei dollar, and brunei main export is oil. i can only think cheap oil can boost consumer spending by saving a bit in oil.

Hello Krafty, is the other way round. Brunei $ is pegged to S$. There is a difference.

Just like HK$ is pegged to US$ and not US$ pegged to HK$.

 

[krafty]

Hello Krafty, is the other way round. Brunei $ is pegged to S$. There is a difference.

Just like HK$ is pegged to US$ and not US$ pegged to HK$.

bro, dun quite understand...isn't it that when either sgd or brunei dollar goes down, both will go down as well? tell us what is the difference. thanks.

 

[eErotica69]

bro, dun quite understand...isn't it that when either sgd or brunei dollar goes down, both will go down as well? tell us what is the difference. thanks.

Means B$ follows the S$ movement and not the other way around.

When MAS adjust the FX of the S$, it will take into consideration many factors, including the FX rate of our majority trading partners. But for B$, they just follow S$ movement.


OK. Let put this in non-financial term. Substitute "pegged by" with "follow".

In your example, you (S$) drive the taxi (B$) and not the taxi drive you. Although, wherever you drive, your taxi goes together. But the taxi does not drive you.

 

[krafty]

Means B$ follows the S$ movement and not the other way around.

When MAS adjust the FX of the S$, it will take into consideration many factors, including the FX rate of our majority trading partners. But for B$, they just follow S$ movement.


OK. Let put this in non-financial term. Substitute "pegged by" with "follow".

In your example, you (S$) drive the taxi (B$) and not the taxi drive you. Although, wherever you drive, your taxi goes together. But the taxi does not drive you.

ok, understand, thanks for clarifying. so B$ tracks S$ but...let's say now oil price sank, brunei export affected. will it pull down S$??? thanks.

 

[Froggy]

A father is a gambler he fucked up his life brought the who fucking family down.

On the other hand a young adult son is fucked with finically woes but his father is still ok not affected.

So this is case of son pegged to father and mothe the other way. Son fucked father just think he bad luck have a son like that but father life goes on.

 

[krafty]

this is my Christmas gift for you all, below is the currency basket of CNY. i am very sure that MAS-SGD currency basket looks similar as china is trying to copy our monetary system. so if you guys want to attack SGD, go ahead but wait till end of next month until brother, i clear all my SGD. hee...hee... thanks in advance.

 

[Froggy]

In your example, you (S$) drive the taxi (B$) and not the taxi drive you. Although, wherever you drive, your taxi goes together. But the taxi does not drive you.

Remind me of something - I drive my car to Pietra Bangkok service apartment park my car there take a motorcycle taxi directly across the road to Poseidon so rightly I can be in Poseidon but my car don't need to be there and be seen there. Ok eErotica khaojai leow.