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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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

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Value Investing
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Sunday, 19 February 2012

Losers Average Losers

Read? Losers Average Losers

Read? Keep averaging down on your favourite stocks???

Createwealth8888 likes ...

Paul Tudor Jones is one of the greatest traders in market history. Why? Because he’s consistently profitable. The best “anything” in the world are the best because they perform at a consistent, superior level for long periods of time. Michael Jordan isn’t considered the best basketball player ever because he scored 30 points ONCE in a game. It’s because he averaged 30 points per game over his ENTIRE career.


Createwealth8888 said ...
Yeah! To be successful we have to be consistent in our performance over a fairly long period of time e.g over 10 years to remove any beginner's luck.

But, when you read this ads in newspaper:

"I made $7,000 in 1 day Trading FX."

"I made $30,000 in 5 days."

Do these testimonials get you thinking that it was easy? Yes, I can!

LOL






Posted by Createwealth8888 at 19:15
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4 comments:

  1. Guru20 February 2012 at 17:33:00 GMT+8

    Yes, this is very true..consistency for long term..
    question is...how to be "that" consistent for many years...

    ReplyDelete
  2. Anonymous21 February 2012 at 18:19:00 GMT+8

    If you use the low-risk strategy of buy before bottom and sell before top, you will find yourself, for certain periods, in the red (or lost an opportunity) vs the market value.
    So consistency need to be considered in terms of the time-frame.
    Ok to be inconsistent (in the red) vs short-term as long as can be consistent in the long-term.

    ReplyDelete
    Replies
    1. Createwealth888821 February 2012 at 19:43:00 GMT+8

      Agreed. Short-term losses can be overcome by long-term gains if these gains are large gains.

      Measure performance over long-term using CAGR or XIRR is the way to show.

      Delete
    2. Anonymous22 February 2012 at 09:07:00 GMT+8

      Yes, long term for me is already coming to 24 years in the stock market. Not too bad but still not satisfied; but engine going slower and slower..... can't be help, old engine ma! But i think of Johnny Walker can so can i. Ha! Ha!

      Delete

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