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



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Sunday, 17 August 2014

Rebooting our trading/investing strategies???


Like our computer, sometime it doesn't work as expected or taking too long to respond.

 What we do?

 We press ctrl-alt-delete button to reboot. Right?

 Like as in our trading/investing?

 But, how many of us will reboot our trading/investing strategies when we realized that these strategies have NOT been working to our expectation?


Rebooting our trading/investing strategies


Read? The Aftermath (August 2014)


Read? Is this worth my time and effort to trade? (2)

Read? How to know when I am wrong?

 CW8888's comment:

 When I was doing contra trading, I never have any consecutive months of losses. Once I have three consecutive months of contra losses in 2008, I stopped doing contra trades anymore.

Since Nov 08, I didn't have any consecutive months of not making money from short-term trading. 

When I have three consecutive months of not making money from short-term trading in 2011, I knew that I was wrong. I stopped too.

We can't know where the market is going; but we will know how are we doing based on our own past performance.

Self awareness is very important if we want to know whether we are right or wrong.

Posted by Createwealth8888 at 13:43
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4 comments:

  1. Createwealth888817 August 2014 at 13:44:00 GMT+8

    Are you also one of those who have rebooted your investing strategies?

    ReplyDelete
  2. Unknown17 August 2014 at 14:50:00 GMT+8

    As we learned from our investment mistakes, our strategies have to evolve and adjusted.

    Yes, I used to to do contra as well. But after losing money, I stopped contra.

    The market is just too efficient for small players like me to make profits.

    Thanks for the constant reminder not to indulge in such activities.

    Regards,
    SG Wealth Builder

    ReplyDelete
    Replies
    1. Money Honey17 August 2014 at 15:25:00 GMT+8

      It's necessary to re-adjust one's trading or investment strategies from time to time.
      There are many reasons for doing so :-

      - due to bad investment decision made
      - pursuing full growth stock strategy
      - pursuing passive income strategy
      - preference for contra trading
      - in line or keeping up with work-life changes
      - there is flaw in current strategy
      - need urgent funds for emergency use
      - sudden windfall, example of winning lottery
      - etc etc

      Just need to remember, invest with money which you can afford to lose it all away.

      Delete
  3. B17 August 2014 at 15:11:00 GMT+8

    Knowing early is better.

    The worse thing is the strategy keepa changing and one doesnt know where it went wrong.

    ReplyDelete

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