[/caption]
Many of us who are working our way towards financial freedom also engage in the frequent occasional bout of speculative activity of buying/selling shares and selling/buying intra-day or within a few days.
This type of activity comes with risks and rewards.
The risks are being stuck in counters and wishing one had not had a case of “itchy fingers”.
The rewards are both the “high” of thinking that one just managed to out-smart the market as well as earning some kopi money.
Panzer also engages in this type of activity on occasion and sometimes makes and sometimes loses money. In the end, Panzer learns more about the market and himself as he will encounter Mr. Greed and Mr. Fear whispering into his ear when he is thinking if he should “jeep” (buy or take a long position on a counter) or “pang” (throw or sell a counter).
Whether he “jeep” or “pang”, one thing’s for sure, his blood pressure and heart rate usually goes up. So Panzer has decided to put up his equity trading rules of thumb as he reflects on what happened when he made the right speculative bets.
Panzer’s Equity Trading Rule of Thumb (PETROT)
Read more...[caption id="attachment_3632" align="alignright" width="150" caption="Photo by Syntopia"][/caption]
Many of us who are working our way towards financial freedom also engage in the frequent occasional bout of speculative activity of buying/selling shares and selling/buying intra-day or within a few days.
This type of activity comes with risks and rewards.
The risks are being stuck in counters and wishing one had not had a case of “itchy fingers”.
The rewards are both the “high” of thinking that one just managed to out-smart the market as well as earning some kopi money.
Panzer also engages in this type of activity on occasion and sometimes makes and sometimes loses money. In the end, Panzer learns more about the market and himself as he will encounter Mr. Greed and Mr. Fear whispering into his ear when he is thinking if he should “jeep” (buy or take a long position on a counter) or “pang” (throw or sell a counter).
Whether he “jeep” or “pang”, one thing’s for sure, his blood pressure and heart rate usually goes up. So Panzer has decided to put up his equity trading rules of thumb as he reflects on what happened when he made the right speculative bets.
Panzer’s Equity Trading Rule of Thumb (PETROT)
Read more...
[/caption]
Many of us who are working our way towards financial freedom also engage in the frequent occasional bout of speculative activity of buying/selling shares and selling/buying intra-day or within a few days.
This type of activity comes with risks and rewards.
The risks are being stuck in counters and wishing one had not had a case of “itchy fingers”.
The rewards are both the “high” of thinking that one just managed to out-smart the market as well as earning some kopi money.
Panzer also engages in this type of activity on occasion and sometimes makes and sometimes loses money. In the end, Panzer learns more about the market and himself as he will encounter Mr. Greed and Mr. Fear whispering into his ear when he is thinking if he should “jeep” (buy or take a long position on a counter) or “pang” (throw or sell a counter).
Whether he “jeep” or “pang”, one thing’s for sure, his blood pressure and heart rate usually goes up. So Panzer has decided to put up his equity trading rules of thumb as he reflects on what happened when he made the right speculative bets.
Panzer’s Equity Trading Rule of Thumb (PETROT)
Read more...
