Just to share my part of my stories on shares. Stock market is
an investment. I used to buy short and sell short. A typical contra
player. No holding power but buy a lot.
There were good times. Unfortunately, there were 2 occasions that I
losed heavily, one was a black monday and Clob issue. I did not
suffer 911 cos I was away from the market after 2 heavy lessons.
Even my newphew got himself burnt because of marginal call by
finance companies.
I will and would not encourage people to go for short term contra
type of share investment. Of course, homework still needed. You may
be winning now
but one incident can blow you off.
My uncle a primary school qualification only was still making money
while we were suffering the loss. Hence, we seeked his
advise.
No Contra. Read, Aim, Buy Low, Collect, Sell High, Bye Bye, Wait. 8
steps only. I only practise the 8 steps. (To make it bigger,
intermediate buying after collection can be done) Since then, I had
reviewed my investment methods. Today, my brother and I are gaining
profiting from his way of investment. I was slow, did not invest
immediately after 911. However, I had seen 100% above capital
myself. My friend had gained from what I told her. You too can do
it in the right way by picking the right stock.
Although my uncle had retired and is staying in a HDB flat, his
dividend collected is about $60-70k each year. Not talking on the
amount of share, he had including malaysia counter. Unknowingly, he
is lowerly paid primary school clearer only.
Contra is only for short term gain. Patient investment is for long
term even you are a small timer only.