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Protected: Latest Plan for 2014

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Life has a skill tree

Was talking to one of my friend and incidentally spoke of the skill tree for diablo. With every experience, there exists new skills which may be in built to us regardless or whether we know it or not.
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During our growing up, we might have pumped the wrong attribute or skill but there’s no turning back now.

In your life, what was your attribute or skill which you were honing or were you like a person trying to be a jack of all trades but master of none.

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AAR for year 2012

Year 2012 was the beginning of my investment journey, I ended up in the red because of some mistakes i made along the way. Hope this post could alert me on what I should not do again.

1. Buy on gut feel (No analysis was done, buy and hope for the best) – Sometimes its better to sit out and let the boat sail past you then to be on a sinking ship.

2. Buy on analyst call (If every buy call from an analystis right, then a librarian would be a millionaire)

3.Over leveraging and lost on the overleveraged portion (This part is the most damaging since you are using the same system however playing bigger lot size, a loss would damage your confidence level and the amt of your account)

4. Catching a falling knife (Normally you will get injured in real life)

3 Peace

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Next Year Baby 01-Jan-2013

Recently went into a euphoria together with the market and took some unjustifiable risk. Looking back, felt a tinge of regret over my stubborness. It’s 10 more days to the new year and let’s hope that its not the end of the world tommorrow (22-12-2012) so that I can live to fufil my resolutions. Well huat or no huat, life goes on.

resolution

Resolutions to make in year 2013.

1. Do not take unnecessary risk (Only do things in a clear state of mind, when proper analysis is done and not from a mobile in a state of euphoria)

2. Have a plan and stick to it.

3. Look at things from all angles

4. Do not over leverage or over trade (Attempt to do only 2-3 trades per month, trading daily enables your broker to earn extra commisions from you, in other words try to be a a sniper)

5. To give myself time to cool down and think about it, once my losses balloon to $X amount, I am unable to trade for that month to discourage revenge trading.

6. Most importantly, STICK TO MY RESOLUTIONS…..

Whats your new year resolution for the new year guys and gals……

3 Peace

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Sniper or Machine Gunner

Do you want to be a sniper or a machine gunner.

1. Sniper
A sniper uses 1 bullet as he aims patiently and accurately at his target. That one bullet is supposed to hit the bulls eye.

2. Machine gunner
A machine gunner uses alot of bullets and hope that one of them hits the target.

I believe most people may choose 3. Non of the above. However if you only have a choice between these 2 in a non literal way (As in your choices in life). Which one are you?

3 Peace.

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The Directional Bias

I’m quite sure everyone of you reading this had tried going up when the escalator is going down when you were young. From experience, it’s achievable, however you can only do so in short bursts (short term). Imagine if you were to climb up a downriding escalator that is 10 storeys (long term), do you think it would be achievable anymore.

My thoughts : Go with the flow of the directional bias, and if you need to go counter trend, do so in short bursts, so you won’t run out of stamina.

escalator

3 Peace

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My Family Mart

slow_n_steady

Quoted from one of my friend “Cause I realised that life sucks and if I continue like this it just continues to sucks”. 

This sentence suddenly struck a chord in me, that i have decided to open my own version of “Family Mart”

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The concept of my “Family Mart” will be so simple that reading this entry may sound like an insult to you. It consists of the main idea of buying something at a lower price and then selling it at a higher price. For this, I have decided to put in an initial capital of $1000 SGD and during today and the next year, I will try to grow this capital of $1000 to $2000, netting in a profit of $1000 for my 1 year of work.  I will expect to be a millionaire 11 years later, provided i can grow my business at the same rate for the next 11 years.

Year 1 $1000 capital

Year 2 $2000 Capital (Profit $1000 for the past 1 year)

Year 3 $4000 Capital (Profit $2000 for the past 1 year)

Year 4 $8000 Capital (Profit $4000 for the past 1 year)

Year 5 $16000 Capital (Profit $8000 for the past 1 year)

Year 6 $32000 Capital (Profit $16000 for the past 1 year)

Year 7 $64000 Capital (Profit $32000 for the past 1 year)

Year 8 $128000 Capital (Profit $64000 for the past 1 year)

Year 9 $256000 Capital (Profit $128000 for the past 1 year)

Year 10 $512000 Capital (Profit $256000 for the past 1 year)

Year 11 $10242000 Capital (Profit $512000 for the past 1 year) – Yeah I finally made it.

What do you think of this plan? Do you think it is possible or just blowing hot air. The  “Family mart” must be a concept that can allow you to purchase something and then sell it to someone at a profit, it can range from a service, products, etc….. What is your Family Mart?  Slow and steady wins the race.

 

 

3 Peace

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