Read? I score distinctions in my exam but not in the stock market (Refresh)
Read? Mind Flip (7)
Read? Technical Indicators? (5) - Does it really matter in SG stock market?
FA or TA or combination of FATA! Huat!
Uncle8888 is half-past-six or half-baked Panda retail investor and a birdy brain trader! No Stop-loss some more BUT he got ball to decisively and completely WRITE OFF any salted fish to ZERO on his investment performance book keeping and then MOVE ON!
Once these salted fishes are written off. It doesn't matter any more!
Salted fish may turn into zero-baggers or forever remaining positive! Don't care!
FA?
1. Never attend a single AGM over the last 22 yrs
2. Have not read a single Annual Report for last 10 years or more!
3. Just follows news and SGX announcements!
4. Just focus on buying and selling slowly. STRICT POSITION SIZING on own investing capital for any new mistresses so that risks are consistent.
5. Love and re-love old mistresses and slowly add new mistresses and love them all!
50-50
Wrong : Suck Panadols for Sardine or become Salted fish and write off!
Right : Suck Panadols to Touchstone to Pillow (Rounds after Rounds); and then finally Multi-baggers for Freehold/Passive investment income for life
TA?
1. Once Uncle8888 was a crazy TA follower and read every TA books found on NLB shelves and developed customized combinations of TA indicators ! TA indicators work? or Just happen we are at the RIGHT side of Mr Market?
Read? Investing - No minimum paper qualification is required!
2. Simplistic TA charting - Support and Resistance!
Smart people in the market earns smart money!
Dumb people in the market may also earn dumb money! Suck Pandols!
Posts
Uncle8888,
ReplyDeleteTo achieve FI while still enjoying life is already a pass with distinction!
I'd say majority of sinkies above 55 still need a job or handouts from children to maintain a decent lifestyle.
It may improve for the younger generations, but currently that's the reality.
Usually we start off with all kinds of techniques & ideas in the markets. It's only thru bull & bear cycles that we adapt & distill it down to a version that suits us.
Even Warren Buffett started out doing all kinds of investing (not just deep value). By the 1990s, his entire investing method can be condensed into 4 or 5 simple sentences.
No need to read the 640 pages of The Intelligent (but freaking boring) Investor LOL.
Uncle well said. We have to keep learning and evolving. My experience after 31Y, sadly. Keep me from becoming senile. So it's good. LOL.
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