A bit of my history in investing. I started invest when I was introduced by one of my colleague in 1999. So long already. I still remember the first stock I bought ie Pantai and Johor port. Now both of them are no more in the klse and taken private. Since I don't have enough experience so my strategy is keep and hold till I make profit. In investment term is buy and hold with medium and long term strategy and proves that can make money in this way.
I keep reading about investing and this strategy is not good enough even though I'm not losing money but the time frame is not practical in term of return. Let say you invest and get return 10 % in one month and the same 10% in one year. Which one is better?? For sure 10% in one month is better.
Then I buy more speculative stock and become more greedy. A lot of my decision to buy stock based on my emotion and not by fundamental and chasing the stock which is pushed up higher. Still remember one stock related with IT but lucky enough I can run away when it started to collapse(Ftec). now no more in the KLSE. Then I started losing money when mostly stocks started to crumble and I don't have enough capital to keep. Some I kept but still moving down and sold at loss. I don't count my actual loss but i think roughly more than 10K. Maybe little for some people but for me it's a lot at that time. Then i stop investing to find out what is wrong with my investing technique.
Greedy, emotion, lack of patient and lack of capital are the main cause for my failures in trading and investing.
