As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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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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Value Investing
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Monday, 21 September 2009

Be Far Better At Selling Than At Buying?

Samuel Johnson - "Between falsehood and useless truth there is little difference. As gold which he cannot spend will make no man rich, so knowledge which he cannot apply will make no man wise."

Knowing what is enough for us will help to set profit target and understanding that paper profit will make no one rich so we have to be far better at selling than at buying.

Realized profit is real money and can be used to buy more stocks when stocks pullback or buy more lower price stocks to achieve compounding effects.

When stocks are more volatile, it is even more important to learn the art of selling and to overcome seller's remorse and price volatility may actually help to provide us with good opportunity for buying and selling.

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