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Daily Market Watch Is it worth the trouble ?
young
#1 Posted : Thursday, January 13, 2011 11:03:47 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
Just a thought, even if you speculate , does it worth the efforts to watch or monitor the market every hour , every day ?

My take is if you have done a proper research, you have determined the right entry price, it is enough to watch only the closing prices thrice a week like say mon/wed/fri to enable you see the performance of your stock to decide when to take action.

It seems most guys here watch the market activities hour by hour.

Does it worth the trouble to watch the market ups on downs at such frequent intervals ?

If you ask me I believe you can still achieve you goals as a speculator without dissipating such energy, because you are creating unnecessary anxiety to yourself unknowingly.

I believe it is only the day traders (entry & exit same day) that should go through such hassles.


This is my opinion anyway.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
qw25041985
#2 Posted : Thursday, January 13, 2011 11:47:04 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
i totally agree .... i like the strategy of set and forget !
Your future depends on your dreams so go to sleep !
VituVingiSana
#3 Posted : Thursday, January 13, 2011 11:57:03 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
qw25041985 wrote:
i totally agree .... i like the strategy of set and forget !
Ahhh, Brother @qw,
I hope you are set to buy me beers & have not forgotten.

Asante.

VVS
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Gordon Gekko
#4 Posted : Friday, January 14, 2011 7:15:52 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
VituVingiSana wrote:
Ahhh, Brother @qw,
I hope you are set to buy me beers & have not forgotten.

Asante.

VVS


@vvs, must make sure I never get on the wrong side of a bet with you!!!! And I thought Mwenje (RIP) hunting down Kajwang in all nooks and crannies of Parliament was the ultimate in bounty hunting!!Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
kadonye
#5 Posted : Friday, January 14, 2011 7:31:24 AM
Rank: Elder

Joined: 5/30/2009
Posts: 1,390
@qw, honour the bet man.@vvs wont give you peace.Alternatively get a new user name.BTW did you give a reward for the guy who cracked the number 25041985 as promised?
What a wicked man I am!The things I want to do,I don't do.The things I don't want to do I find myself doing
Aguytrying
#6 Posted : Friday, January 14, 2011 8:18:06 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@ young. I totally agree with you. And long termers should even look at the market less. At times however i find it exciting to watch the market
The investor's chief problem - and even his worst enemy - is likely to be himself
mlennyma
#7 Posted : Friday, January 14, 2011 8:42:17 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Kaeni macho wakati wote,kwa kuwa saa m'siyodhani ndipo ajapo bwana harusi.
"Don't let the fear of losing be greater than the excitement of winning."
QD
#8 Posted : Friday, January 14, 2011 8:51:26 AM
Rank: Member

Joined: 8/5/2009
Posts: 597
@ Young that is the truth but i tend to think some wazuans are floor traders or dealers whose duties are to trade for their clients and sometimes or most of the times front-run the said clients. just my thoughts
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
QD
#9 Posted : Friday, January 14, 2011 8:55:46 AM
Rank: Member

Joined: 8/5/2009
Posts: 597
Where did stockmaster go? i would loved to read his 2011 portfolio composition and his strategy bearing in mind 2012.
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
QD
#10 Posted : Friday, January 14, 2011 9:41:37 AM
Rank: Member

Joined: 8/5/2009
Posts: 597
QD wrote:
Where did stockmaster go? i would loved to read his 2011 portfolio composition and his strategy bearing in mind 2012.


upssmile i have seen the thread
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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