Focus on Small & Consistent Gains!!

Written by Raymond Tay on January 14, 2010 – 11:02 am -

Is stock investment risky?

Yes, indeed when we did not have the necessary knowledge and discipline. I’ve started stock & options trading since 2007 and have experienced good profits and bad lossess too. After reviewing my trading performance, I need to improve and learn to apply the right investment strategy/ plan. Thus I went to seek for more knowledge and find out an Millionaire Trader, Mirriam MacWilliams.

Mirriam made over US$2 million in less than 2 years in the options trading with a starting capital of just US$10,000. She is the former National Director of Education of the largest non-profit investment club in USA.

After listening to her tips & advice, I’ve discovered my own mistakes and she really opened up my mind the possibilities & new concepts (esp. Focus on Small & Consistent Gains). I’ve not been in control of my greed & fear towards trading. An automated stop loss & target price need to implement to make us an objective investor. If you can make at least 7 out of 10 trades profitable, your strategy is good.

Also, I never knew that the top 10 rated companies (by the StockScouter in Money Central, MSN) actually outperformed S&P 500 index by 22% since 2001. I’ll make use of it from now on.

Make an informed decision!!

Invest in your education first:



Tags: , , ,
Posted in Wealth | No Comments »