I once read a statement by a local stock market guru which goes,

“I only consider an investor as experienced in KLSE if he/she has been in KLSE for more than 10 years, and had gone through a bear market at least once”

Apparently, even for those who have entered KLSE after 2009, all are not considered experienced according to that guru; as we have not yet experienced a bear market that bring KLCI down below 900.

But, how many among us agree on this statement?

Different guru has different methods, and debates go on and on.

The fact is, even if one has gone through a bear market and has been in KLSE for more than 10 years, one may still not be experienced if one never learn and grow.

Since the very first day I stepped into KLSE, I’ve been looking for survival manual to keep myself alive, even by now.

Plenty of courses out there to join,

Plenty of sharings from blogs,

Plenty of discussions from forums,

And plenty of debates on a single matter.

As a newcomer, it was hard to tell which one is true and which one is not.

What I can do was, try to absorb as many as possible, and try it myself in KLSE.

Slowly, I’ve realised that survival manual can’t be taken from someone.

Instead, I need to create one that suits me most for myself.

As long as my manual helps me achieve my goals in stock market, it’d be more than sufficient.

Some manual prefer play safe, some manual prefer to be aggressive.

Taking yesterday (16/6/2016) as an example, when most counters in KLSE gone red,

Play Safe Manual might yell, “don’t catch a falling knife!”.

Aggressive Manual might shout, “cheap stocks everywhere!”.

Value Manual might whisper, “as long as the stock is undervalue, buy, hold or add on.”.

Whichever manual we use, make sure we understand its pros and cons.

There is nothing absolute.

At the moment, I’m still learning and trying to create my own manual.

Recording down the mistakes I’ve done and the correct moves I’ve made.

Learn and grow together with myself every day.

So, how about you?

Do you have your own survival manual?

Or you simply follow others’ manual…..?

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P/S: To sharpen my skill, I do share some stock watch in Invest for Life and facebook https://www.facebook.com/investforlife.com.my/.