Read? Investing Made Simple by Uncle8888 (15)
How to invest and make big money in the stock market?
What you think? Buy and hold?
Buy and hold may or may not lead to making big money in the stock market. But, I will share with you The Art of Making Big Money in the stock market that I learnt from my Sifu, Jessie Livermore.
It is RIGHT AND HOLD. It is different from BUY AND HOLD. Know the difference. You may be on the way to making big money in the stock market.
In the buy and hold strategy, you are buying some income producing or perceived under-valued stocks in the view of holding them over long-term and primarily focus on their stock dividends and at the same time hoping for some capital gains.
In Right and Hold strategy, it is different. You focus primarily on its capital gains and less on its dividend yield. You are right when the stock price moves up. When the stock keeps moving up; you are more RIGHT.. You sit TIGHT. This is Right and Hold strategy
This is what my Sifu, Jessie Livermore said:
In the famous book entitled Reminiscences of a Stock Operator, Jessie Livermore said: “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!
It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level, which should show the greatest profit.
And their experience invariably matched mine -- that is, they made no real money out of it.
I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance.”
Men who can both be right and sit tight are uncommon.
Can you read it again and again: Men who can both be right and sit tight are uncommon.
So the secret is to be this type of man in the stock market; then you are on your way to invest and make big money in the stock market.
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