(c) To grow your portfolio big time does not mean that you should act recklessly and take risky positions. Don't always think of betting big to get rich quick. It doesn't work that way. There is no direct correlation between risk taking and superior return. Be calm and steady - 80% of your time (let's say), you should have a diversified portfolio. Shop around, pick up small positions in good value stocks (3% to 5% of portfolio) to feel the pulses of the market. When the timing is right, unleash your animal spirit to try to make a killing. There is no textbook or formula on how to do it. You have to figure it out yourself, sorry.
I am fully agreed with this point. Don't expect any understanding from the people around you. Never ever talk this topic with others while initiating a full time investing traders as your career until you have been proven in making good returns.
Another very important factor is we must have the passion in this stock investing or trading career. Making a good returns from the stock market is simply part of the game. lolz
Extracted: (f) Last but not least, by quiting your job and going full time investing, never allow people to accuse you of "lazing at home to play the share market". That is very demoralising. You don't deserve that. Tell yourself that you are starting a business. In a certain sense, that is true. You are coming up with sizable capital to nurture something so that one day you can reap huge economic benefits out of it. If that is not business, then what is business ? Treating full time investing as a business will give you a sense of direction and vitality. It makes you feel good. A positive mindset enhances your chance of success.
great to have a lot of optimism on investing in stocks....
but always be reminded, the median of normal Bell curve of return is probably at 6.6% like rchi had said....
you can obtain such return only if you fall into the average category..
for newbies expect 50% loss the first few years...
If one goes to go full time with a more than 1.5M capital, its more important to ensure you have enough experience in stock market (at least 5 years i guess) with making at least 1M out of that 1.5M you made is from the market before resigning...
prove it to yourself u are great first before thinking you can be great...
how you come out with your initial capital ? at what age you did that ?
since you mentioned it at your concluding remark (1) - "It depends on many factors such as your age, your annual finanical needs, the ease of you getting back to work force, etc (if it is very easy for you to get back your job, you can go full time investing even if you have only RM100,000 capital, right ? "
you worked with IB prior wasn't it until you go full time?
Probability,for every movie star born there were hundreds of thousands of hopefuls who get their dreams quashed. Altho the odds of investing/trading are far better,like 5 % will make it,how many of this 5 % will really shine. Hope those contemplating on investing as a career think hard before starting. For me,i personally think one has to be extremely interested in the markets as a start. Only then,one will be capable to think of ways to defeat Mr Market after a period of time.
I was invited to give a talk to interns of a major stockbroker few months back.I gently turned down the lady director and told her "let them lose some money,that is the fastest way to learn".
wait malaysia gooding first, then only i come back
Posted by qqq3 > Jun 14, 2018 12:17 PM | Report Abuse
Businessman Lee Kim Yew has high hopes for the month-old Pakatan Harapan government, and more so for an end to the country’s persistent “brain drain” problem.
Lee, who criticised the former BN administration in the lead-up to the 14th general election, shared how young Malaysians overseas had recently been telling him of their desire to return home to serve the country.
Ayoyo To be honest, generating 7% returns pa is pretty meek for the risk taken.. But it's also an honest article on the daunting headwinds one face when trading for a living... Making 2% per trade is certainly easier than trying to do 200% bagger.... But if making that 2% makes for one to overtrade and shoots anything that moves, that'd be an early wake for your trading venture
I'm a scalper cum momentum trader.. My returns have averaged between 50 to 150% pa.. My Trading velocity (volume) is very high.. Sometimes, could be up to 4 times my capital in a month... I hold very little long term positions and I'm on cash 70% of the time... I will never bag the multi baggers of otb or kyy but that's alright.. I have my own edge and I'm not sorry about it 14/06/2018 11:22
Can Ayoyo also share your experience and knowledge as a full time trader through an article? TQ.
Normally you should diversify your postfolio by investing in completely different sectors, but I'm interested in diversifying my portfolio in an abnormal way that does not depend on sectors.
KESM i keep very little. Its for longterm as i think it stands benefit when more and more cars use semi conduct
About cyclical play, it is normally 3 years to 5 years. I have earned the first round on Annjoo. Now I guess Lionind much undervalued.
Last time I rmemeber lumber cycle, Lingui if you all can still remember. It returns 400% in 2-3years time. I made mistake selling too early near 100%.... So I say it still got some leg, because policy on tariff is until 2020. 2019 will still be ok at least, I guess. 2020 I will start selling, which might or might not be their peak.
Posted by rchi > Jun 14, 2018 01:45 PM | Report Abuse
I was invited to give a talk to interns of a major stockbroker few months back.I gently turned down the lady director and told her "let them lose some money,that is the fastest way to learn". ============================ wise words from rchi. Some ppl really need to learn from school of hard knocks.
Only when you bang yourself to wall only you realised
i just wonder why i keep losing since i started over traded in 1996..97....again in 2001...then in 2013..almost 500k gone + interests 100k? ...now from ground zero...re starts...
Posted by ongmari > Jun 14, 2018 02:10 PM | Report Abuse
i just wonder why i keep losing since i started over traded in 1996..97....again in 2001...then in 2013..almost 500k gone + interests 100k? ...now from ground zero...re starts...
After 20 years+ in the mkt n yet u dont understand why u cant make money then maybe u shouldnt be in the mkt at all
Unles u hv possess these following 5 qualities,only then u can b full time investor:
1 Knowledge (able to do good analysis of any stock) 2 Experience (gone thru economic cycles) 3 $$$$$ (the more , the merrier) 4 Balanced Emotion (between greed n fear) 5 Maturity (being considerate)
All the best n happy holidays!!
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Posted by lizi > 2018-06-14 12:54 | Report Abuse
superb thinking !!!
(c) To grow your portfolio big time does not mean that you should act recklessly and take risky positions. Don't always think of betting big to get rich quick. It doesn't work that way. There is no direct correlation between risk taking and superior return. Be calm and steady - 80% of your time (let's say), you should have a diversified portfolio. Shop around, pick up small positions in good value stocks (3% to 5% of portfolio) to feel the pulses of the market. When the timing is right, unleash your animal spirit to try to make a killing. There is no textbook or formula on how to do it. You have to figure it out yourself, sorry.