Sunday, July 8, 2007

Free style...anyone?

When we talk about investment style, many people tend to stand behind their own technique... which only make sense because why would someone practise and preach on a particular approach/technique of investing if it's not working? It's not like they're getting paid for doing that.. are they? i really don't think so...

In fact, how many people do you know that teaches you what technique to use these days apart from some trading/investment books written by some very famous and successful people in the investment community. I'd say, almost none... Why?

Because of the very hard fact that human cannot be taught effectively when it comes to making money...and when I said, making money I'm refering to being independant and generating money on our own capability for the rest of your life.. being able to continuously learn and evolve to suit the condition of the investment field.

I believe many successful investors/traders nowadays all learn the hard way... start out with little knowledge, little money and above all, with the courage similar if not less than "The 300"...dare to fight and die for something they believe in.

Back then those people don't have as much resources for reference as we have today and information is not widely available hence dampering their chances of survival and raising the odds against those brave souls at that time.

While we no longer have to live with that, I still believe that for one to be successful in stock investment, that person has to go through the same journey to experience and develop ones own investment model that suit ones personal character/style.

I believe every individual have his/her own level of risk tolerance(ability to withstand loses), capital size, level of satisfaction pertaining to triple R (risk and reward ratio), lifestyle and couple of factors more which come into mind when someone makes their decision in a financial deal.

As such, there's really no way, one can adopt another persons trading or investment style blindly... there's got to be some serious fine tuning for sure... for it's your own money and future afterall... and basically we bear the consequences of our own actions.

So start the journey early... for time waits for no one.

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