Posted by WilliamWang > 2013-01-25 14:57 | Report Abuse

totally agree with u edward lee. thanks

Posted by Desmond Liew > 2013-01-25 15:04 | Report Abuse

Agreed & my weakness is No2 which is my killer...

Posted by WilliamWang > 2013-01-25 15:05 | Report Abuse

is also my killer no.2 .

Posted by Edward Lee > 2013-01-25 15:08 | Report Abuse

welcome William.
Desmond, perhaps you can read more books on investing, it helps to build up your mind set.

Posted by WilliamWang > 2013-01-25 15:10 | Report Abuse

most investor fail in no.2 . but what kind of investing books we should read ? any recommendation ?

... edward

Posted by Edward Lee > 2013-01-25 15:10 | Report Abuse

Ya its true William, I used to be fail because of these reasons, but we need to learn from mistakes.

Posted by Desmond Liew > 2013-01-25 15:12 | Report Abuse

tqvm for yr kind advice.

Posted by WilliamWang > 2013-01-25 15:14 | Report Abuse

yes . as i last week buy ock@ 0.485 n sell 0.495 .. sigh no patient . suddenly fly to 0.54 . patient very important

Posted by Junglestock > 2013-01-25 15:17 | Report Abuse

Good advice, thank you.

Posted by Edward Lee > 2013-01-25 15:17 | Report Abuse

quite a lot to read, but you can select for your own best.. here are some books I red recently, "The 5 rules for successful stock investing" http://www.amazon.com/Five-Rules-Successful-Stock-Investing/dp/0471686174, and there is one book published by S&P is also a good reading element, but I forget the book title d.

Posted by WilliamWang > 2013-01-25 15:20 | Report Abuse

edward .. u read from website or go popular buy ?

Posted by Edward Lee > 2013-01-25 15:23 | Report Abuse

the "5 rules" i bot from popular, but mostly i bot from book fair.

Posted by Desmond Liew > 2013-01-25 15:24 | Report Abuse

Actually i m very new in this forum although i have been trading since last year Oct2012. I stopped quite a while due to my weakness of impatient which is the main killer in this line of field. But i still have this mindset that only through Market, i can make alot of money. First i need to control my impatient character. Nowadays i dont listen to others neither a "wind follower" as i trade based on few indicators. After reviewing my last year traded history, i failed sometimes not bcos the indicators are lousy, it was i my weakness caharcter killed me. I hope in 2013, i MUST control.. tq

Posted by WilliamWang > 2013-01-25 15:26 | Report Abuse

desmond .. so till now u making money or still losing ?

Posted by Edward Lee > 2013-01-25 15:27 | Report Abuse

Yes, you hav to control yourself. And of course do some homework before you wanna jump into some stock.

Posted by WilliamWang > 2013-01-25 15:28 | Report Abuse

but most will not n jz been a follower ..

Posted by Desmond Liew > 2013-01-25 15:32 | Report Abuse

last year i lost 9% & this year supposed to show great improvement but my good result was dragged down by takaso..

Posted by Desmond Liew > 2013-01-25 15:34 | Report Abuse

initially there was sign of bullish shown for takaso, i longed more while it ascended. When i was on official duty in outstaion without bringing my notebook, that counter slumped...

Posted by WilliamWang > 2013-01-25 15:37 | Report Abuse

use tablet or smartphone .. then u wont miss out .

Posted by WilliamWang > 2013-01-25 15:38 | Report Abuse

by the way 9% is reasonable ... as share will lose n win . jz take it to gain knowledge

Posted by Desmond Liew > 2013-01-25 15:41 | Report Abuse

agreed with u, William. So long our confidence must still alive.. Lost can be found back.. When there is a lost, there is a gain of experience & knowledge. When there is a gain, there will be a lost in some other form of things, maybe big feast, beer, celebrations,,

Posted by WilliamWang > 2013-01-25 15:49 | Report Abuse

hehe ... u are rite totally agree with u desmond .

Posted by Andreadylon > 2016-09-21 19:17 | Report Abuse

Follow a disciplined investment approach and have realistic expectations.
Invest only your surplus funds with diversified portfolio
Don't follow the herd, monitor then trade.
Don't let your emotions overrule the economics.
Place you trade backed up by fundamentals or technicals.

Posted by Burntnicer > 2016-11-15 15:24 | Report Abuse

I agree that you should have the extra money first then savings to begin investing. Planning is very important too. Otherwise, you will have to set rules or follow some important things with regards to investing.

Reference:

http://www.forbes.com/sites/panosmourdoukoutas/2013/06/18/the-six-rules-of-intelligent-investing/#741aaf275efb