How to get lucky and strike ToTo JackPot? Before you can get lucky, are you prepared to throw away many $2 notes?
No? Then it will be too difficult for you to become LUCKY. How to get lucky with stocks? First, we have to understand we are retail investors and not Fund Managers who have plenty of other people money as their investing capital to invest and play around.
They may need more luck and have to be lucky to hit Jack Pot with their stock picks. As retail investors, we get lucky when our war chest get bigger.
When our war chest is bigger, we have more guts and patience.
Gut and Patience??? When we have more money to play. We tend to have more Gut and Patience
It is easier to buy when you have $100K.
You see. You feel okay. You buy.
When you are down with $10K,
You see. You analyze, analyze and still analyzing. Can buy?
Now, do you recall those lucky fellows who have bought those lucky multi-baggers and those unlucky fellows who have run out of money to buy the same lucky multi-baggers which they also have been monitoring so closely?
Now, you tell me how does the luck factor for retail investors come from?
Sizeable War Chest, Gut and Patience? No? When you run of money, your luck also run out too. Right? We are retail investors! Know where does our luck factor come from and prepare to be lucky in the next few Bear markets.
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.