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Showing posts from December, 2013

Professional Trader

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One of my friend ask me how easy to be a professional trader? (buy and sell stock to earn a living) He want to find out how much a trader can earn per month and if he is suitable for this job. Well, I told him, become a trader is not easy, it require special skill, similar to lawyer or doctor. However, one can train to become "subject matter expert".  I don't know how much a professional trader earn on average... As long as one can take some money from the market, it's good enough. I belief if one can continue doing the same thing every day, he / she will become an expert. If an expert repeat the same thing again and again, he / she will become a winner. In other words, practice make it perfect. I don't trade every day, as some day we just know it's not suitable for trading. It's no point to trade if you can not make the money. If you ask me today (31 Dec 2013) suitable for trading or not? My answer is yes, if you want to know what I trade for today,

Time to finalise earning for 2013

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Ho Ho Ho, Merry Chrismas! Year end is approaching and it's time to count how much profit (or lose you made?) in this year. Today is holiday at Penang too but I don't feel the holiday mood... if one go to Singapore now, they can feel the holiday mood. However, there's one place I plan to go, shopping center... try to feel the holiday mood there. In fact, I just went shopping just now... if someone tell me economy is not so good, I am doubt. The reason was all those departmental stores and shop lots are crowded. I bought couple of things and the waiting queue for payment took me about 30 minutes. . May be Penang people are rich? Perhaps people afraid of, if they don't buy now, when the GST implement, the goods will expensive? I meet with a friend at a shopping centre, and I offer to treat him lunch. So, we went to a restaurant, we noticed of new menu. (indirectly increase the price) I told my friend I am not “working” for more than 4 years but don't worry, I can

Buying Stock for Dividend income will not afraid of market crash!

"OMG... market is down again..." that was the history happen on 2009, some day in month of March. The news start to spread from US to all over the world. I still remember that scary news, market index was continuously down for 8 days without rebound! Then it just rebound for a day, but continue to break lower record again on next day when the market open. It's hardly for anyone today to imaging how terrible the feeling if one just invest few thousand into stock market on the time. The ten thousand invested will end up became five thousand in few weeks time. I still remember my favourite blue chip stock like Maybank and Tenaga, both gave the discount of more than 50% in 6 months time! No joke, in less than half year, your asset just reduce by half! I have record down all these investment lessons in a note book, it serve as a purpose to remind me, market is unpredictable, the party could end any time even in a big bull run. That's why don't speculate too much, i