I have been preoccupied with a lot of things lately and have not been able to update this blog. Honestly, after my work, what has been keeping my busy was stock trading. I think this is really one of the things that I would be involved in for the next few years. Here are a few things that I have learned on stock trading:
First of all, it is not easy. I may have titled my last post as "trading stocks is easy" but the reality is, it is easy up to a certain point such as being reminded of the principle: buy low, sell high. However, knowing when to buy and when to sell is an entirely different matter. Stock trading requires that the trader continually reads and studies. There are a number of principles and disciplines that needs to be developed to become a successful trader. It would also help, for those who are interested in pursuing it, to have friends and people whom you can exchange ideas with. Doing it alone has greater risks than pursuing it with a company of traders. However, it should be remembered that to be a successful trader, you must develop your own strategies and principles, after all, it is your money you are trading and not your colleagues. So, it is one to consider their opinions but it is another to decide on your own according to your understanding and the principles you have developed.
For me, the key ingredients that are essential in succeeding as a trader include discipline and diligence.
