From Jan 2000 to Dec 2013 : 14 years of practical experience in the stock market with even many more years of learning investment and trading theories.
Uncle8888 smiles when he read some blog posts and comments boasting of their winning contra trades and penny stocks; he too has these experience.
Those few years of foolishness in the stock market cannot be forgotten!
Yes! Losing money is part of the Investing Game; but staying Foolish for a long time without realizing it. Is No!
If not for that few years of foolishness for not sticking passionately to the core principles of long-term investing, the investment outcome could have been much better.
From Jan 2000 to Dec 2013: Uncle8888's Investment Outcome
There are always Buyers and Sellers in the Market.
We bought while others were selling.
We sold while others were buying.
We wait while others were buying or selling
For the next 6 years, from Jan 2014 to Dec 2019, Uncle8888 must not be foolish again to think that he is smarter than the Market to make easy money. It is more important than the last 14 years as not that many years left to prove that he is wrong and correct his mistakes.
By Dec 2019, he will have 20 years of true life experience in the stock market to be able to pen down a few practical pointers in his Kung Fu Manual on "Create Wealth from the stock market through long-term investing and short-term trading - Less Analysing. More Investing" and pass this Manual to his children, nephews and nieces.
Posts
Winning dollars against losing dollars ratio of 2.2 is not good enough.
ReplyDeleteShould aim for at least 3.0 by end 2019 by avoiding large cut losses