I hold Matex for 3 days only (contra) and SBI Offshore for a couple of weeks. Am i happy now to be able to guess correctly from this trading and make more than $20k in less than a month?
My answer is "No".
Since i started my blog middle of last year, i have promised myself that i will not be doing trading for catalyst play anymore. I want to focus on long term investing, invest in a company that i am comfortable with, based on my findings. If i continue doing trading for catalyst play, i am very sure i will get burned one day in the future. When? I do not know.
When i continue to profit from this kind of trading, i will get addicted and in my subsequent round of trading, i am very sure i will bet higher and higher amount of money comparing to my previous trading. This is bad for a long term investor, and i should keep this kind of mindset far away from me.
Personally i think, the key in successful investing is to find a right strategy that meets our personality & philosophy, and to stick to that strategy (be consistent).
This is solely my personal view for my own personality. I just need to keep reminding myself.
Since i started my blog middle of last year, i have promised myself that i will not be doing trading for catalyst play anymore. I want to focus on long term investing, invest in a company that i am comfortable with, based on my findings. If i continue doing trading for catalyst play, i am very sure i will get burned one day in the future. When? I do not know.
When i continue to profit from this kind of trading, i will get addicted and in my subsequent round of trading, i am very sure i will bet higher and higher amount of money comparing to my previous trading. This is bad for a long term investor, and i should keep this kind of mindset far away from me.
Personally i think, the key in successful investing is to find a right strategy that meets our personality & philosophy, and to stick to that strategy (be consistent).
This is solely my personal view for my own personality. I just need to keep reminding myself.
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