What a bull for the last 6 months! Unfortunately, I'm still in the red. Yes, still in the red. The losses in 2004 and 2005 was brutal to me. All because of the penny shares and warrants that I played. A summary of lessons learned in those years:
1. Do not accept 100% of analyst report, also do not accept 100% of others opinion (bloggers, discussion group etc)
2. There are no mother-of-all-tools in technical analysis, you need to combine the indicators
3. Be patient for gains (this also depends on the type of stock you buy, see also No. 8)
4. Run fast during losses (see also No. 8)
5. Plan your trade, trade your plan (be discipline)
6. Stalk a stock until all indicators are favorable (see also No. 2)
7. Look at the big picture (themes, general sentiment etc)
8. Trade stocks that suit your personality (slow and steady? fast and furious?)
9. Don't average down, average up instead
10. Always improve yourself
I'm still surviving, still learning the trickery of the stock market. My performance for 2006? Well it started with 57% loss and ended with 20% loss (or about 53% gain).
5 comments:
Market heading for 1800 points. Try to enter with all your capability. :)
swifz this is your lucky day! Sifu michael2005 give you tip already. Maybe michael2005 can be a bit more generous post a few stocks for swifz?
be a good boy Swifz. buy all you want now and keep until march and then sell all out. see my full post at the forum.
there you go again michael, insulting people. Why don't you just shut up and create your own blog?
Yes. Michael you should just shut up and go away. Nobody wants to read your stupid posts.
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