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21-07-2011, 03:22 PM
(21-07-2011, 10:26 AM)corydorus Wrote: My take is all about Probability not Prediction. When we do FA, TA, "Insider", forum, cbox, Tips, gold, broading our knowledge, averaging, is to skew the results to our favour with consistency. No one can predict accurately but one may be able to base on Probability with Risk Mitigation to Win.
Reality is the World is not in one-dimension which would have make solution easier.
How i plan to achieve it for the next few years are as follow
1. Avoid S-Chips
2. Gold/Silver, AUD, Preference Shares
3. FA(cutlost/invest) + TA(exact time to buy/sell) in Stocks
4. Learning Broad Market Sentiments
5. Look for High Growth AND Dividents
6. Watch out for Poor CEO performance
7. Always be open to new idea. Conflicting opinion allows more thorough understanding.
Learn and Change even when some of the advisors really sucks as a human being. Do not think that Experts are alway Nice People.
Frankly i am not meeting all above yet and is my Goals. Maybe i should frame it up on my wall to remind me everyday.
I cutlost when i realise a mistake is made. Is never too late. In the past i take too long to do it and need to cut deeper.
If we hold a dead stock for 20 years, not only you lose your capital but also opportunity cost. Is a double whammy with the later maybe even more painful if we think about compounding effects.
Cory
Like i say the turkeys i thought i bought have already turn into chickens during my Newbie's learning time. When i learn and know how to cut loss, they are already become little chickens. No point slaughtering them now, not much meat left. But i am surprise local shark like MR Oei buy quite substantial some of them. i suppose for speculation/turn around purpose or what?
Chickens turning back into phoenixes? Hey i got one.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
