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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Wednesday, 29 July 2015

Newbies Do Not Earn The Right To Average Down. Never!!!


Real Retail. Real Story
He told me he lost 40% of his capital.

 20% confirmed gone as the counter has been suspended recently!

 Another 20% paper losses.

 His mistake ....

 He kept averaging down this counter to 20% of his capital and now gone case. Another counter he also average down three times till large paper losses.

 The moral of the story for all newbies - Have you earned your right to average down?

 Never average down. Only for the learned ones or big fat purse!

Wa ka Li Kong!
Posted by Createwealth8888 at 18:01
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1 comment:

  1. Rainbow2 September 2019 at 22:29:00 GMT+8

    When we don't know what's ahead of us - a cliff edge or a light at the tunnel end, better wait till we see something then do something. :P

    ReplyDelete

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