The hardest thing to learn is not the complicated technical analysis formulas that one can be found in textbooks. It is the empirical formula called patience. It is the key to successful stock market investment. Without it even one has the sharpest mind of great stock pick will not yield desirable and consistent results.
I have read countless great textbooks, technical and non-technical, throughout my investing life and in the end, I came to realise that the very one thing that many people lack of in stock investment is patience. It took me years to understand and appreciate this. That is why i always stressed one must have patience, persevere, trust and conviction in stock investment. Yes. Each of this word is about human behaviour. Master it and only then talk about fundamental analysis, technical analysis, stock pick and timing. Case in point, how many would have patiently hold on to Presbhd long enough to achieve extreme profit from it ? It doesn't matter if you have held onto a stock for very long time despite making less paper profit, but the patience that you have developed subconsciously within you to keep that stock is already a good start.
By the way, the worst enemy of patience is distraction. Think about it.
Good luck.
http://unclezmalaysia.blogspot.my/2015/03/are-you-doing-investment-in-stock-market.html
I have read countless great textbooks, technical and non-technical, throughout my investing life and in the end, I came to realise that the very one thing that many people lack of in stock investment is patience. It took me years to understand and appreciate this. That is why i always stressed one must have patience, persevere, trust and conviction in stock investment. Yes. Each of this word is about human behaviour. Master it and only then talk about fundamental analysis, technical analysis, stock pick and timing. Case in point, how many would have patiently hold on to Presbhd long enough to achieve extreme profit from it ? It doesn't matter if you have held onto a stock for very long time despite making less paper profit, but the patience that you have developed subconsciously within you to keep that stock is already a good start.
By the way, the worst enemy of patience is distraction. Think about it.
Good luck.
http://unclezmalaysia.blogspot.my/2015/03/are-you-doing-investment-in-stock-market.html
calvintaneng
Yes,
SUSTAIN YOUR PATIENCE GREAT MOVEMENTS TAKE TIME TO DEVELOP
I bought kept Pm Corp for 8 years from 15 cents all the way down & down.
Bought Pm Corp as low as 7.5 cents. At long last Pm Corp is giving a Cash Payout of 8 cents. That means that those shares I bought at the lowest price of 7.5 cents is now FREE Plus .5 cents profit.
This shows that Buying Undervalue Stocks & Keeping it patiently till value emerge some day do pay the highest rewards finally.
I also patiently pick up Mui Bhd now. Why not?
MUI Bhd was once the darling in KLSE at Rm32.00
Now at only 18.5 cents MUI has fallen to Ocean Bottom Level.
Hidden in Mui Group are colossal assets worth multiplied Billions - Unknown, undetected, unseen & totally overlooked by the maddening crowd.
The Biggest Surprise of All Surprises will be the unlocking of MUI Group's Colossal Assets some day. IT WILL SHOCK THE WHOLE INVESTMENT WORLD.
2015-12-19 11:20