I could not read Chinese, so I hv to use google translate. There are few more from you buy I do have time to read or such. Will keep those article and might enjoy reading it one day.
I m from FA school, not TA as most thought so. Even my tratles only got to know that. I don't see the point of putting FA vs TA as I will ertainly draw huge attention into such, which I do not want to.
It is ok. Everyone should have their own likings and ways being in markets. The bottom lines are still profits.
As klci moving to the high levels, I prefer to trade, not buy and hold. Then, when market collapsing, it will be good to buy good coouters with FA to hold till recovery. When we trade at current moment, make your position small, but when we scoop for the bottom fishing, increase our positions when the situation becoming worst.
These are basic concepts in trading vs investing and as I said, if one knows how to manage the risk, we should be doing well. Majority 80% will still lose money as they talk about ingens, rc or whatever wasting time messages here. It is feel good, and casual chatting rather than intellectual discussion. I find such a waste of time as m a novice, learning to do better than myself ... Not anyone else.
Reading is good but will not get us far. Doing and learning in serious manner, logical and planning will slowly bu surely moving us towards our goals, being in markets.
Ask yourself. Why are you in markets? Why are we in this website or any sites? Why are we in this forum? Will it be a waste of time? What do I get to learn from this one posting or is it just another blah blah ?
Think critically. Just do not do what the majority are doing,, after all we have 90% losing money in markets, right?
using google translate can be quite annoying. cannot capture the essence of the chinese language, not to mention it goes haywire in sentence construction.
kc, the translated version with some humour, see if this true or not..
majority of us are always under the mercy of someone, when you're kid you need to listen to your parents, when you in schools you need to listen to your teachers, when started work you need to see your employer's face
you will complain about pay when you are young, your employer will complain your pay when you are old.
most of us are educated in such that when you grown up, look for a job with stable income and then get marry, take bank loans to buy house and cars, and apply credit cards.
work for money to pay your foods, bank loans, credit card, fund your kids education and etc
You need money most when you around retirement age (50 to 55), because medical expenses and your kids going to college.
The moral of the story is start your financial planning as early as possible. you need money most is not when you are young, it is when you are old. make your money work harder for you, instead you work harder for money.
can see cold eye (this article is his right?) is very rational person and applies a lot of empirical common sense. No wonder he has a huge following from what i gather. but i still love you shirley1! hehehe
getting insurance just in case her husband misunderstands! LOL
remember that trading is an extremely hard way to make a living. It is not a ‘job’ in the strict sense of the word but it is a profession and unless you put yourself in a position to succeed by treating it as a business, you are going to find out the hard way how physically, psychologically and economically taxing it can be. Don’t let anyone tell you it can’t be done but equally, don’t let anyone give you the false impression that this is easy and that there are shortcuts. In my humble opinion, a real trader is formed through consistency and longevity and despite the fact that not everyone is going to be able to function in this type of business, if tackled with dedication, discipline and devotion, it can be one of the most rewarding ways of life, if not ‘the only way’ for people that are truly wired to be traders"
This is my favorite article which I have read not less than 10 times. I even translate it together with”打工仔的生天/的一百万”, “第13个月薪金 “ into English and made a public presentation to a small group during one of the training session years ago. This is the main pushing force to my long haul investment in Bursa. I strongly 打工仔 to read it. Please think about this “ your specialty/expertise which you acquired from your 30-35 year as 打工仔 will DEPRECIATE TO ZERO the day after you retire”. Very sad.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Donpazac
54 posts
Posted by Donpazac > 2012-08-31 10:07 | Report Abuse
@ Tan Kian Wei. Nice collection you have. Thanks a lot for sharing!