BenGan's  Instablog

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I am a Malaysian Chinese. I have been investing in the Malaysian stock market for a long time. I was working in bank before I retired and became a full-time investor. I believe that fundamental analysis and technical analysis are equally important when investing or trading in the stock markets.... More
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  • The Sure Way To Stock Market Success 0 comments
    Mar 22, 2013 10:41 PM

    Knowledge, wisdom, discipline and patience are what you must have to succeed in the stock market. Without knowledge, you can't compete. Without wisdom, you can't strategize. Without discipline, you can't implement, and without patience, you can't control your emotion. Never allow greed, hope and fear to control you. To have a good knowledge means knowing what is happening around you locally and internationally. What is happening in some countries, especially the big ones, like America, China, India, Brazil and the European countries can have a profound effect on small countries like Malaysia, Singapore, Indonesia, HongKong, Japan, and Taiwan, to name a few. Of utmost importance is that you must know how to analyze an annual report of a company. Once you know this, you will be able to distinguish a good stock and that of a rotten one. A rotten stock is like a bad egg which will not hatch no matter how long you sit on it. Wisdom is the excellent use of knowledge. Without wisdom, knowledge cannot be put to good use. For example, if you know that smoking, gambling and alcoholism are bad for you, but you continue to smoke, gamble and drink. This means you are not putting your knowledge to good use, and thus your knowledge is useless to you. Having knowledge and knowing what to do are not good enough. You must have discipline to implement those actions needed to bring about success. If you know that buying in a downtrend is stupid, but continue to catch the falling dagger, you have no discipline. Impatience is the cause of many a loss. The market is designed to transfer money from the impatient to the patient. So you have to be patient. If you overpay, even for a great stock, it will be a long time before you see a good profit. When it's not the time to buy, don't buy, otherwise you will soon say to your money, "bye, bye." Investing in the stock market is a serious affair. Don't take it lightly. Success is sure to be yours if you have knowledge, wisdom, discipline and patience. Unless you are well prepared and well planned, success may just remain a dream. Good luck and may God bless your every trade.

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