Investment
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Originally posted by Fryderyk HPH:
Stopped Forex since late May and handed the account back to my brother.
Streak of bad "bets" since.Even now, recovery is not certain.
My brother's latest plots are complete jokes.
And so are mine
My parents profitted near 100k from equities as well by loading at the low... sold most liao... But I have to add that they paid quite a bit of tuition fees when they were much younger. This time round was due to pure experience, zero analysis.
Rationale: Profit enough can take a step back liao. Wait for next recession/crash.
I believe before your bad "bets", you have profitted a fair bit. Be happy with it
Just like I sold my Singtel too early, it's ok. Let others have a chance to profit!Whether recovery certain a not, businesses like utilities (EGW sector) will still continue to function. That's my next target for entry... in terms of business trusts...
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keep on trading currency, dun give up.
as for stock investment for me is long term, around 5yr at least.
maybe ur trading plan can still be improve in a way, do u wanna share, i can try to help, i have a 70% hit rate so trading is cool now, try to trade between 3pm to 5pm and 8pm to 11.30pm for intra day.
stick on trading 1 or 2% of ur portfolio per trade, u should have a break thru in due time.
cheers.
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Trading gives us lessons not only about what to do or not to do next time in a trade, but also life lessons about personality traits that could improve the rest of our lives too
- if we are willing to work on them, dun give up.
- All through time, people have basically acted the same way in the market as a result of greed, fear, ignorance and hope - that is why the numerical formations and patterns recur on a constant basis.
- - It's not about trading EVERY day, it's about trading that ONE RIGHT DAY......You make money by waiting, not by trading. Sounds so silly nobody wants to believe it, but it's true.
- - Patience. Let the market come to you.