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.

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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

Thursday, 27 November 2014

Luck is a Full Stop??? (3)


Read? Luck is a Full Stop??? (2)


BOUGHT


Yes. You were lucky to buy during market crash.

Yes. You were lucky to catch a falling knife at rock bottom.

Yes. You were lucky ....... many time more!



 

SOLD


You felt lucky and then you sell?


No. Right?


The trigger to sell is more likely to come from your own emotion struggle of fear, greed or doubt based on your Method.

Selling is rarely on luck.  So better not to place too much hope on being lucky. 




2 comments:

  1. Yup you can buy at a really good time, but it's when you sell that determines how much money you make

    ReplyDelete
  2. Ha! Ha!
    For me, nothing beats the price you paid for something. Can you pay for the time you buy or sell?
    In other words, which one can we control better? Price or time? Or better, both. -"Chiat Buay Leow"
    Dream on.

    ReplyDelete

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