I started my path of investing since July 2009. It started well (thinking back, I suppose I was just lucky), and I believe that made me over-confident. However, it did not take long for disaster to strike.
Soon enough, I bought a stock in August 2009 without doing any fundamental nor technical analysis. Without any stop-loss in place, having the "stocks will rebound and everything will be fine again" mentality and unwilling to admit that a failed trade was done, I held on to the stock as the price dropped daily, till everything was beyond repair. Finally, I sold the stock with a loss, a rather big loss in my opinion, as all my previous gains were wiped out, together with some of my savings.
Thereafter, I picked myself up, and told myself to learn the lesson, as it was really a memorable and painful one. From then, I invest again with more care, and soon broke even in November 2009.
A new start, a new beginning.
From now on, I will constantly tell myself to invest with care, always go through the fundamental and technical aspects before plunging any of my hard earn money into the stocks. This blog will be a place where I keep my trading diary, where all the precious lessons I learnt from my trades will be documentated. I believe these lessons will be beneficial to my investment portfolio and it will lead me to my eventual success to financial freedom!
Soon enough, I bought a stock in August 2009 without doing any fundamental nor technical analysis. Without any stop-loss in place, having the "stocks will rebound and everything will be fine again" mentality and unwilling to admit that a failed trade was done, I held on to the stock as the price dropped daily, till everything was beyond repair. Finally, I sold the stock with a loss, a rather big loss in my opinion, as all my previous gains were wiped out, together with some of my savings.
Thereafter, I picked myself up, and told myself to learn the lesson, as it was really a memorable and painful one. From then, I invest again with more care, and soon broke even in November 2009.
A new start, a new beginning.
From now on, I will constantly tell myself to invest with care, always go through the fundamental and technical aspects before plunging any of my hard earn money into the stocks. This blog will be a place where I keep my trading diary, where all the precious lessons I learnt from my trades will be documentated. I believe these lessons will be beneficial to my investment portfolio and it will lead me to my eventual success to financial freedom!
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