We know he is very active in the market; but he seldom talks about it.
Surprisingly, today he confessed!
After more than 20 over years in the market trading and investing; he didn't achieve much. He said he probably just breakeven!
For trading, he has tried many different methods including margin trading and using high leverages to make from small price movements.
He also tried to do value investing and invest long-term like Warren Buffet.
The only thing in the market he didn't try is forex trading.
Now, he bets on China market.
BTW, he started young too in his 20s!
The Moral of the Story
Time and effort spent in the market is irrelevant!
There is something out there in the market that many of us still can't get hold of it!
Posts
He is the second old timer colleague who told me after 20 over years in the market and achieve nothing much. Both also started in their 20s.
ReplyDeleteIt is not the mirror which is showing your true self; the stock market does it perfectly.
DeleteHmmmm.. Just curious is the He = CW8888? Lol
ReplyDeleteAnyway, welcome back to your blogging after some breaks?
He = CW8888
DeleteSo he is your model role to follow in your late starting investing journey?
LOL!
I always think that all "lao jiao" sure got vast experience to learn from. I read many but follow no body, I stick to my following my heart and mind hehe
DeleteHopefully we don't become "lao jiao" after spending 20 to 30 yrs in market just to breakeven.
DeleteOnce a "lao jiao", always a "lao jiao", regardless of the outcome! Lol
Deleteeveryone will reach the lao jiao stage one day
ReplyDeleteTo make your 1st million in life is very difficult. To keep it, is much, much more difficult.
ReplyDeleteThe Chinese says something like that.
True or not?
Ask some "lao jiao" lol.
To me, actually when you leave this world, then you can have your summation of your life.
Never when you are still living.
So is your venture in the stock market.