Athena Trader

Your Performance = Your Quality of Strategy x Your Quality of Implementation x Your Timing If you break it up, it could mean:  your Performance in $, %, whatever that makes you happy = your Fundamental Analysis of the Company's Strategy or your Trading Strategy  x your Technical Analysis in terms of execution  x  your Technical Analysis in terms of the entry and exit

I haven't been feeling very inspired to blog lately as markets have been exciting and I wonder whether the bear is coming. Both ACCICB and I still feel like a newbie at times in front of Mr Market therefore I decided to write the following post. 1. Forget about waiting for the ideal price to buy or sell which may either never happen or you may have to wait for a very long time for it to happen. It is better to have a range of prices say +/- ?% and just execute your order. I left the % as a ? as it is up to each individual's level of comfort. 2. Try to resist being greedy and take profit when it hits your target price. It is far better to have $$$ in your pocket rather than trying to attain the near possible by selling at the all time high. Similarly, why try to save a couple of bucks by obsessing at buying at the all time low when you could end up missing the opportunity of upside gains. Sometimes instead of thinking in %, think of it in actual $, this changes your whole p...

1. Decide whether you are looking for capital gains, dividends or am greedy like me and want both! This will help you to narrow down the industries to look at and then the companies which you would like to own 2. Have a sizeable sum of money (a couple of thousands would be good enough) to start off. With the new and smaller 100 lots per counter, you have so much more options and at a cheaper price especially if you are going to use iOCBC since they have a current promotion with lower fees! Click here  for more details 3. It is better to invest in one solid counter rather than small lots here and there. If a counter is worth your investment, you can build up your stake in it rather than diversifying as diversification means you need to spend much more time just trying to ensure that your entire portfolio is doing well  4. Only invest in what you can afford to lose (touch wood) so you won't have a panic attack if you do lose your money. This ensures that your life g...