How could you ? Haha, iPhone is probably the most popular smartphone in the world and children, adults , boys and girls would love to own one or two. I have friends who upgrade their iPhone every year.
But if you look at the chart from Jan 2019 to current, one would have easily make 125% returns on Apple shares. Just buy once and hold for a year, that's it. How difficult is that ?
Apparently, it is a very tough job as we are now looking backwards, on hindsight , if only situation......
To me, one of the biggest mistake that traders made is the lack of discipline. The value investors out there , my salute to you as you guys belong to this group of disciplined investors, adopting buy and hold forever strategy.
For those of us who are outside of this category, why is it so damn difficult to restrain ourselves not to get in and out of the market ? Is it fear or greed or what is it ?
While penning my thoughts and writing now, I have at least 3-4 thoughts on my mind. Yes, I am distracted just like the million of traders out there - social media, family , work , children, health, all sorts of things that demand our attention. And we sometimes wish we can have 48 or 96 hours to handle all of these.
Discipline is like working out your biceps in the gym. It requires time, effort and hard work. No matter how heavy the dumbbell you going to carry, you are not going to have that 21 inch bicep overnight. It is the same in trading or investment. 125% is not attained within a month but over 12 months. And 12 months is a long time to many people and they can't or would not want to wait.
You notice 3 orange circles in the chart where that were the only 3 pullbacks that Apple has over the year. Assuming now is May 2019, I am sure some traders would panic and quickly sell off their Apple shares as the fall was more than 20%.
And before you know it, you might have move on to other counters and forgotten all about Apple where these pull backs are opportunities to re-enter the market and make the remaining profits that is left on the table.
It is one thing to diversify your portfolio and another thing to over-diversify that cannot manage or lack adequate time to do research and follow up. My point is there are sufficient profits to be made in a few good stocks (can be commodities or futures) and the more you stay with one chart, the more familiar you become with the price action.
It is 2020 , a brand new year and we can all start afresh and adopt a longer time frame in our investment instead of choosing to go in and out on smaller timeframe attempting to catch that 50 pips profits.
Trade safely.
But if you look at the chart from Jan 2019 to current, one would have easily make 125% returns on Apple shares. Just buy once and hold for a year, that's it. How difficult is that ?
Apparently, it is a very tough job as we are now looking backwards, on hindsight , if only situation......
To me, one of the biggest mistake that traders made is the lack of discipline. The value investors out there , my salute to you as you guys belong to this group of disciplined investors, adopting buy and hold forever strategy.
For those of us who are outside of this category, why is it so damn difficult to restrain ourselves not to get in and out of the market ? Is it fear or greed or what is it ?
While penning my thoughts and writing now, I have at least 3-4 thoughts on my mind. Yes, I am distracted just like the million of traders out there - social media, family , work , children, health, all sorts of things that demand our attention. And we sometimes wish we can have 48 or 96 hours to handle all of these.
Discipline is like working out your biceps in the gym. It requires time, effort and hard work. No matter how heavy the dumbbell you going to carry, you are not going to have that 21 inch bicep overnight. It is the same in trading or investment. 125% is not attained within a month but over 12 months. And 12 months is a long time to many people and they can't or would not want to wait.
You notice 3 orange circles in the chart where that were the only 3 pullbacks that Apple has over the year. Assuming now is May 2019, I am sure some traders would panic and quickly sell off their Apple shares as the fall was more than 20%.
And before you know it, you might have move on to other counters and forgotten all about Apple where these pull backs are opportunities to re-enter the market and make the remaining profits that is left on the table.
It is one thing to diversify your portfolio and another thing to over-diversify that cannot manage or lack adequate time to do research and follow up. My point is there are sufficient profits to be made in a few good stocks (can be commodities or futures) and the more you stay with one chart, the more familiar you become with the price action.
It is 2020 , a brand new year and we can all start afresh and adopt a longer time frame in our investment instead of choosing to go in and out on smaller timeframe attempting to catch that 50 pips profits.
Trade safely.
Comment:
bullish engulfing candle, still not too late to add before it goes higher.
Comment:
this can be a good buying opportunity for those who likes to hold longer term
Comment:
we took advantage of the drop last nite and enter a buy position
Comment:
we will be buying some shares tonight , first buying opportunity was at 239 level which we missed.
Comment:
soon the gap will be closed, you onboard ?
