Read? Book : How to Make a Million Slowly: My Guiding Principles from a Lifetime of Successful Investing (Financial Times Series)
Read? As Retail Investor; The Only Reason Why We Need To Pick As Many Stocks As Our Account Size Permits Across Market Cycles Of Bulls And Bears
Remember Rule 12
CW,
ReplyDeleteFor readers too lazy to click the backlinks to see the full context, I better put point 11 here:
"Face up yto poor decisions. Apply a 20% stop-loss - sell and move on. However, ignore stop-loss if there is a major market overall fall."
Remember rule 12 without applying rule 11 is just cherry-picking ;)
Especially when STI is now not in a major market overall fall, but yet holding on to counters with more than -20% losses and using rule 12 to ownself lie to ownself...
There is a reason rule 11 is on top of rule 12. Wink.
:-)
DeleteCW,
ReplyDeleteYou don't follow rule 11, do you?
No stop losses, but it doesn't mean no restructuring to raise capital to switch horses when it is time to do so.
DeleteIt is like failing companies restructuring to survive on new hope.