"Sometime we may learn from other people's experiences but at times we may have to re-look at our own experiences and learn from them as well." - Createwealth8888.
Read? Help me! I am still losing money in my Investment Quadrant - Part 4
Real People and Reality of Trading
I think I have shared enough of my personal experiences on reality of trading and investing. May be it is good to share one reader's experience and the reality of trading so that newbies can sit up and seriously think about it.
KY in his email to me: "I began my investing journey in 1998 back in the days when CLOB is still ard and am very young. Thus I believe went thru 3 cycles. after HK, dot com, asia finance, asia flu and usa finance."
and he still lose big money after spending years across market cycles. What is really missing?
Read? Articles related to investor overconfidence - This is a real killer to your limited investing capital
I believe he is like some investors/traders are killed by Averaging Down strategy. I have been killed before using Averaging Down strategy; but now I only use Averaging In because ..
"We don't need to win back in the same manner that we have lost it " - Createwealth8888.
Like another reader, CH; I hope that after a series of emails with KY, he may be able to revise his own strategy to win back; but in a different manner to regain his confidence but not overconfidence. This one can really kill!
"Insanity: doing the same thing over and over again and expecting different results" - Albert Einstein
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