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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: 2,048
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: 18,215
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: 6,191
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
The Merchant
#11 Posted : Friday, January 14, 2011 9:42:32 AM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
VituVingiSana wrote:
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

Laughing out loudly Laughing out loudly Laughing out loudly @VVS.....YOU'RE KILLING ME HERE!!!Laughing out loudly Laughing out loudly Laughing out loudly Waaaaa!!!
youcan'tstopusnow
#12 Posted : Friday, January 14, 2011 9:47:29 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
young, It gets our adrenaline pumping, and we crave adrenaline
GOD BLESS YOUR LIFE
2012
#13 Posted : Friday, January 14, 2011 10:36:56 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
I agree with young completely and I've tried to analyze this trend and I've ended up with three conclusions. Feel free to dispute them.

1) Bragging rights on wazua.
2) Debt/s.
3) Confidence booster.

BBI will solve it
:)
sean_george
#14 Posted : Friday, January 14, 2011 10:38:16 AM
Rank: New-farer


Joined: 11/18/2010
Posts: 12
Location: Kenya
qw25041985 wrote:
i totally agree .... i like the strategy of set and forget !


You'll miss on many 'one day only ' opportunities like selling Kenya re @ 12.80 in Dec or access @ 16.50 last friday.

Unlike developed markets , kenya's is very volatile and the attentive can take advantage.
2012
#15 Posted : Friday, January 14, 2011 10:46:22 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
sean_george wrote:

You'll miss on many 'one day only ' opportunities like selling Kenya re @ 12.80 in Dec or access @ 16.50 last friday.


Question is, why did you buy Kenya Re and Access if you were not sure about them?

BBI will solve it
:)
youcan'tstopusnow
#16 Posted : Friday, January 14, 2011 10:50:37 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
sean_george, or you wouldn't know that Safaricom's supply is more than ten times demand as a result of Airtel's new tariff. That will help you to plan your next move
GOD BLESS YOUR LIFE
youcan'tstopusnow
#17 Posted : Friday, January 14, 2011 10:52:13 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
2012 wrote:
sean_george wrote:

You'll miss on many 'one day only ' opportunities like selling Kenya re @ 12.80 in Dec or access @ 16.50 last friday.


Question is, why did you buy Kenya Re and Access if you were not sure about them?

There is nothing like being sure. Business is dynamic and gold can turn to rocks before you know it
GOD BLESS YOUR LIFE
sean_george
#18 Posted : Friday, January 14, 2011 12:34:44 PM
Rank: New-farer


Joined: 11/18/2010
Posts: 12
Location: Kenya
2012 wrote:
sean_george wrote:

You'll miss on many 'one day only ' opportunities like selling Kenya re @ 12.80 in Dec or access @ 16.50 last friday.


Question is, why did you buy Kenya Re and Access if you were not sure about them?


cause i dont have an octopus at home.smile

On NSE the strategy is to be a sniper. Lay in wait for the right conditions , ready to strike (buy / sell) very quickly.
2012
#19 Posted : Friday, January 14, 2011 12:43:44 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
sean_george wrote:
On NSE the strategy is to be a sniper. Lay in wait for the right conditions , ready to strike (buy / sell) very quickly.


So assuming you had bought Co-op @6/- what would have been your sniper sell price so that I can calculate how much you'd have lost out?

BBI will solve it
:)
Aguytrying
#20 Posted : Friday, January 14, 2011 1:07:27 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
I wont lie i love it!! It really helps to take advantage of those one time, and learn trends of a stock. For example. I've been following dtk since it crossed 135, and just watching the demand and supply dynamics is so interesting. Especially watching higher supply being taken out day in day out.
The investor's chief problem - and even his worst enemy - is likely to be himself
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