Monday, January 14, 2019
Short, Short Term Trading, Contra, Margin, Blue Chip, S Chip - SKIP ALL!
There are many forms of strategy or trading pattern in the market.
I used to do short term trading and contra in the past. Some times i lose money, some times i made money. I still remember i made 5 figures from a short term trading of SBI Offshore in the past. I used a catalyst to buy and held for about a month then sold them. But does this kind of strategy suit my personality and is able to deliver a good return for me in a long run?
Recently i was very tempted to buy Singtel when it dropped to $2.86. Then i asked myself "What is my purpose to invest in Singtel? As it is trading near historically recent low? Do i plan to have dividend income from Singtel? How much do i value Singtel's business? Do i think that my portfolio value is high enough for me to change my investment strategy? Do i hope it will bounce back to a higher price then i can sell and profit from it? How much do i plan to invest in it? What is my strategy going forward?"
There were many more questions popped out from my mind at that time. I have been trying my best to discipline myself to stick to my own investment strategy which i think it is heading in the correct way so far? Maybe i can speed up my portfolio value by adding in a variety of trading strategy, but is it what i want to have in my investment journey? It is clearly the answer is "No".
What i am working towards is having a good & reliable system and is able to deliver a consistent return in a long period of time (maybe in bull or bear market).
My investment journey is not about having a race to have a faster finishing line, in fact i hope to have a longer finishing line so that i can learn more along the way.
I want to eliminate many kind of thing which is irrelevant to my main strategy now.
To have a simple system in a very complex market is the best strategy for me so far!
I will keep learning and maybe i will have to change my system along the way, but let it be baby steps!
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