Mind Matters
Weekend Food For Thought – 4 Feb 2011
I shared this on my Facebook page and got quite the reception. So I just thought I’d document it here on my blog too.
Weekend Food For Thought;
People always ask me how I did it; Referring to getting bankrupted, living broke for almost 7 years, working my butt off, changing careers at 42 years of age [...]
Novice Versus Seasoned – Part 2
Here’s the second part to “Novice Vs Seasoned” taken from my upcoming book.
The young and impressionable shopper doesn’t give much, if any, consideration to market timing and will buy on impulse without thinking of the long-term consequences. In short, they buy for the “now”.
The old and wise shopper is particular about the timing of their [...]
Novice Versus Seasoned – Part 1
This is an extract from my next book on Trading Psychology which I shared with Batches 53 and 54 this morning in an email in reference to GRPN’s IPO launch and why seasoned traders tend to stay away from such events.
In life, we have two kinds of shoppers – the young and impressionable shopper with [...]
22 Years of Friendship
Kristy, a staff member at AKLTG, was having a conversation with Lucy a month ago about how we’ve been able to stand each other for more than 20 years and hold our marriage together so many times in our tragic past when other couples would have given up for less. Her answers were no different [...]
Common Sense Prudence
Why do you still stay in a 3-Room Flat and drive a Suzuki when you can afford much better?
This is a common question I get all the time. I myself must have asked that question of others in my earlier years. The answers to that one simple question are varied as they are vast but [...]
Paper Trading – Serious or Not?
One of my students posted this in my forum which prompted me to share something I taught in the most recent Malaysian Tutorial.
… I feel that although taking paper trade seriously in cutting losses and being discipline in your trading plan, it lacks the stress and pressure when I used to do actual trade in [...]
Why Traders Fail – Lesson 3
This lesson looks at the most popular reason why most Traders get wiped out – The Hype
Through the years, trading has always been a pipe dream for most who wanted to get filthy rich. With the advancements in technology over the last decade, this pipe dream has been brought closer to home than ever before. [...]
Why Traders Fail – Lesson 2
Now we look at a controversial reason why most traders fail - The Attitude
It starts right at the start where most newcomers think that the market can be a get-rich-quick plan. This is akin to thinking that the market is like a casino. Consider this fact – the house ALWAYS wins. So if you treat the [...]
Why Traders Fail – Lesson 1
This is the first of a series of mini-lessons on why so many traders fail. These mini-lessons aim to pinpoint some of the common (but not so obvious) mistakes they make and how some of the most common-sense practices go out the window the moment they start trading.
In Lesson 1, we look at where the [...]
Credit – Then And Now
Back in 1992, having Gold Cards from AMEX, MC and VISA was a big deal. This was because you REALLY had to qualify for it by having an obscene income that was validated by your income tax statement. The qualifying factor for Gold was an income above S$48.000 annually in a time when average pay [...]
