Last weekend, we conducted another online workshop on the basics of trading and investing, and since it is a SkillsFuture Credit-Eligible Course, participants could use their SkillsFuture credits to pay for the course instead of cash. Thanks for the support! ? During the 9 hours of training, participants learnt portfolio strategies to build and protect […]
Success breeds confidence Baby steps to giant strides Confidence in your (i) ability (ii) system Hesitation to pull the trigger One more bar syndrome Burnt finger anxiety Mental reset – one good trade!
Focus your energy on what’s important Letting go of the outcome You cannot control the outcome, but you can control your actions and emotions Do not focus on the $ and P&L fluctuations Sports analogy: Don’t focus on the score! Big picture: individual trades do not matter Read more: Is Trading really Risky like Gambling? (How […]
Do not take profits until there is a good reason to do so The Chicken parable Do not count your profits until they are realised Accept that you will have to give some profits back to the market Do not become complacent or greedy after a huge windfall or winning streak
Trade what you see, not what you think Being objective despite having open positions Anticipate, but only act when market confirms your opinion When you see danger, get out first! Clear all positions to have a neutral frame of mind
