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

Monday, 23 September 2013

3M's - Method, Money, Mind (3)

Read? 3M's - Method, Money, Mind (2)

Method generally just provides you with your Entries and Exits. 
Even though most of your Entries and Exits are perfectly executed; it doesn't necessarily means that you are going to become rich in stocks. It may just be boosting your own ego!
Wait a minute!
How about becoming the next "Guru" conducting courses?
Surely all will be impressed with your near perfect Entries and Exits.
Money is more than just protecting profit and cutting losses.

The most important thing in Money is Position Sizing. This will determine whether you are going to become rich in stocks or not.

Your position sizing matters!

But, that will depend on your Account Size.

Now Your Account Size really matters!

Read? Your account size

It has never been easy to be right in stocks. But, when you are right; what have you?
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." ~ George Soros


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