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You can comment here...........Super Investors' Secret Recipe - Koon Yew Yin
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Publish date: Thu, 22 Dec 2016, 06:51 PM
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Super Investors' Secret Recipe - Koon Yew Yin
Author: Koon Yew Yin | Publish date: Thu, 22 Dec 2016, 06:47 PM
I am writing this article to be included in my book which will help investors to improve their investing skill to make more money from the stock market.
There are always more losers than winners in the stock market. Among the winners, there are only a few super investors.
Super investors’ secret recipe is optimism, confidence and entrepreneur spirit. Can one be trained to have these qualities?
Frankly, I am not sure that one can be trained or acquire these qualities by try and error in practice. Perhaps one must be gifted with these qualities and improve on them through regular practice. Whatever it is, one has to keep trying and learn from past mistakes to improve.
As I said before, 3 persons can buy the same share at the same time and yet each of them will have different result. One is a speculator, another is a short term investor and the last is a successfully long term investor. The first 2 persons will not make much money but the last one should be more successful.
Here I want to write more about the successful investors’ qualities.
Optimism
If you are a pessimistic person, you will not go anywhere very far because this attitude will stop you from moving forward. But if you have a natural optimistic attitude, you can go to the moon.
All successful investors must be optimistic, like an entrepreneur always willing to venture and take a chance. He must develop some business sense so that he dares to buy when a good share is beaten down for no good reasons. In fact, investors can make a lot more money in such a situation than waiting to buy when it crosses the 200 day moving average.
Professional fund managers and chartists: Statistics show that almost all professional fund managers have very poor performance record. With no disrespect to them, they must examine their track record to see why they are not performing so well as they like their followers to believe. One reason is that they are not optimistic. They will only buy when the price has gone higher crossing the 200 day moving average. They are not optimistic enough to buy when the price is at its pivoting or turning point of the trend reversal.
Super investors always have the entrepreneur spirit to take a calculated risk. The stock market is an adventure in business.
Confidence
If you always have no confidence, you will not go anywhere very far because this attitude will stop you from moving forward. But if you are a steady and confident person, you can achieve almost all the things you want in your life.
Super investors always have the confidence in understanding what they read between the lines of any financial report, bearing in mind that all analysts’ reports are usually buy recommendations.
Have you ever seen a sell recommendation before?
Super investors dare to make instant decision to buy or sell.
They always remember the stock market has a quick way to punish false confidence, arrogance and recklessness.
Critical thinking
Critical thinking is the ability to think clearly and rationally about what to do or believe. It includes the ability to engage in reflection and independent thinking. Critical thinking is absolutely necessary especially in share investment.
In this information age, everyone can suffer from information overload. Information will come to you through SMS, whatsapp or email while you are asleep.
Every day I receive share recommendations from investment banks. Since I do not have unlimited funds to buy all of them, I have to examine their recommendations carefully and critically.
Acknowledgement: The basic idea in this article is from articles posted by Stockmanmy.
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2 people like this. Showing 28 of 28 comments
can i know long term investor is more successful then short term investor? Based on my understanding,short term investor earn 200$ per month with buy and sell . However , If the long term investor put thier money at the stock and still having paper loss for 1 years . While short term investor are already earning few thousand already. Please explain to me
2016-12-22 22:32
The way i see it, most big croc speculators/investors have insider info in advanced.
2016-12-22 22:38
miss eli
your observation is true yet multi faceted.
long term investors like fund managers are prevention focused, safety first and hence low returns. They also no cut loss, no pivotal moment.
entrepreneurship is the willingness to take risk. You have to take risk to win big...more than that, you have to be willing to project focus and keep buying up as long as the stock keeps going up.
if you want the stockmarket to make a difference, learn from their attributes.,,like KYY attributes/
2016-12-22 23:01
all big players have information overflow..........
....they need a system to cut off the weeds
914601117 > Dec 22, 2016 10:38 PM | Report Abuse
The way i see it, most big croc speculators/investors
2016-12-22 23:07
the end result is not whether the stock go up....the end result is how many shares you got when you are right.
2016-12-22 23:09
In a beaten down GOOD stock, the key to successful investment is know where the pivotal point is. Be a leader, not a follower. Good advice from stockmanmy and KYY.
2016-12-22 23:20
got the points inside article, but sadly from the mouth of the largest uncivilised speculator in malaysia, sadly it make me feel worthless...
2016-12-22 23:51
Sweet words that from a shoe polisher for 1 men's ear ?
Anyway, no harm tot ?
Simply the small way to show how skillful Sticknany in Art of Polishing xp
2016-12-23 00:02
MQ tech can buy? After the fraud, this counter seem beaten below its value.
2016-12-23 01:51
I was used to be a very rational person before I came to this site. What I found myself now is the more I try to integrate myself into the people here I will become the dumb ass irrational people who is not designed to change, we are being forced into this world and in a total unfamiliar environment, try to find a way to make a stand here, but then what is happening is you cannot find a peace in this madness, it is like a severely mixed feeling that will make you irrational not only in your stand here, also it will bring it into your daily life. Investment itself is not a science, it is more adequately a fictional existence, when the scientist deal with it, you know there won't be any good thing come out of it. That is why financial studies will never mixed well with science although some will suggest that economy is a science, they are trying so hard to make it work.
;)
2016-12-23 05:08
I appreciate KYY writing not because he is a super investor, I salute him at his age, he continue to improve and trying to be a better and better person in life. Optimism, confidence and critical thinking are importance part of our life.
But be very careful with words. Over confidence and over optimism can also ruin one person life. Each one of us have a difference risk appetite, KYY may aim for a 40-50 % profit in a short time with a higher risk but not others. Some may has sleepless night even he make a few folds in a week or do the unthinkable when he loss all his money.
Think about it
2016-12-23 06:02
Fund managers don't cut loss? Really? The fact they have low return is precisely because they have cut loss. Find me a manager than can sustain a 20% loss without cutting.
2016-12-23 06:36
Take risk to win big. Risk means more diverse outcome, so I suppose you mean betting on a stock with potential 100% upside and 50% downside rather than one with 20% upside and 3% downside. in that case, Im more than happy to take the 20%/3% and bet 100 times with you. Do 100 stimulation on both (with equal probability on both upside and downside), $1 will still get you $1 for 100%/50%. While my $1 bet on the latter will turn into $1604-1984. Good luck. I know you will come up with your cut loss/pivot strategy, and turn 100%/50% into 100%/5% like a magic, really? If that is what you like to believe. Business sense indeed.
2016-12-23 07:09
Oh yes big difference
Do say dynamic investing
Don't say dynamic punting
Big difference
Say dynamic punting home finance minister signs cheque for only RM 5,000
Say dynamic investing home finance minister sign cheque for RM 500,000
BIG difference
2016-12-23 07:44
if any of you insist on prevention focus, please consider Fixed Deposits and unit trusts.
if you desire to seek major improvements, please consider needed changes.
2016-12-23 09:13
people feel naked and inadequate without CFA or without specialised FA and TA training.
KYY and stockmanmy assures them, you don't have to have feel naked or inadequate. He need a changed mind set.
while FA is rice,
needed for survival
too much FA can make you fat and lazy
TA like vitamins
you need some but too much , it becomes poison in your body.
You need talent, gifted, and practise and / a good mentor and practise.
2016-12-23 09:52
some that it as an engineering problem with clear cut solutions
some take it as accountant challenge with 20 ratios.
but it is a human and personality challenge., a behaviour problem
2016-12-23 09:55
<<<I am writing this article to be included in my book which will help investors to improve their investing skill to make more money from the stock market.>>>
Looking to this book in the market. Hopefully, it will be more about KYY's life history that includes his investing skills.
2016-12-23 12:28
>>>As I said before, 3 persons can buy the same share at the same time and yet each of them will have different result. One is a speculator, another is a short term investor and the last is a successfully long term investor. The first 2 persons will not make much money but the last one should be more successful.<<<
(Poor) Timing, (poor) planning and (lack of) common sense.
Another set of variables that can influence the outcome of investing.
Each is right based on their own reasoning and perspective (recency bias).
2016-12-23 13:00
If you have done your homework thoroughly, you would have the Confident and making Firm decision. The key work is Confident and Firm decision.
2016-12-23 15:49
>>> Posted by MissElizaClarke > Dec 22, 2016 10:32 PM | Report Abuse
can i know long term investor is more successful then short term investor? Based on my understanding,short term investor earn 200$ per month with buy and sell . However , If the long term investor put thier money at the stock and still having paper loss for 1 years . While short term investor are already earning few thousand already. Please explain to me <<<
Miss Eliza
May I know how long have you been investing to date?
2016-12-23 16:18
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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....
keeweiang85
shoe polisher...so shining..
2016-12-22 21:30