As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Monday, 23 September 2013

3M's - Method, Money, Mind (3)

Read? 3M's - Method, Money, Mind (2)

Method generally just provides you with your Entries and Exits. 
Even though most of your Entries and Exits are perfectly executed; it doesn't necessarily means that you are going to become rich in stocks. It may just be boosting your own ego!
Wait a minute!
How about becoming the next "Guru" conducting courses?
Surely all will be impressed with your near perfect Entries and Exits.
Money is more than just protecting profit and cutting losses.

The most important thing in Money is Position Sizing. This will determine whether you are going to become rich in stocks or not.

Your position sizing matters!

But, that will depend on your Account Size.

Now Your Account Size really matters!

Read? Your account size

It has never been easy to be right in stocks. But, when you are right; what have you?
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." ~ George Soros


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