I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



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

Tuesday 16 February 2010

3 Ms of Investing or Trading – Mind, Method and Money

To be a successful active investor or trader, you have to find your 3Ms of Investing or Trading - Mind, Method and Money.

Mind

You have to learn and discover your own emotion weakness in the volatile market and find ways to check your own emotions. This is the hardest to do but you must find your own ways to live with the daily price volatility of the market and learn to see the market in two views: half empty and half full.
 
 
Method
 
For trading do you have your own trading system or following a commercially available trading system?

For active investing, do you have your own investing strategies or methodology?

Track your performance closely. Revise or discard if it is not working according to your expected goals. Sometime, it is just pure luck when you happen to get it right. Does 3 strikes make a good bowler?
 
Money
 
What is the your money management and risk control so that you don't lose too much of your capital and then game over. It is very difficult to recover your losses if your remaining capital becomes too small to have any significant impact.

No comments:

Post a Comment

Related Posts with Thumbnails