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!

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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

Wednesday, 17 March 2010

3 Ms of Trading – Mind, Method and Money - Part 2

3 Ms of Trading – Mind, Method and Money

Mind

Your Mind plays the most important role between You and the Market and determine whether you win or lose money in the market.


Method and Money Management

Method and Money Management are just tools. It doesn't mean that you need complex tools to make money from the market. It is those who sells tools for a living made you believe so. Similarly, you also don't need to spend days and days of digging up every possible pieces of facts and figures to analyze and justify your decisions.

Long Term Investing and Your Mind
 
What is Long-Term Investing?
 
Learn to train your mind properly and don't ever corrupt your mind by calling losing positions as long term holding when you didn't intend to hold at all.
Posted by Createwealth8888 at 09:19
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