Invest
How to catch the bottom?
By Bully The Bear  •  July 26, 2010
[caption id="attachment_1979" align="alignright" width="150" caption="Photo by coda"]Photo by coda[/caption] It's hard to buy right at the bottom. From personal experiences, if I ever bought a counter right at the bottom - the elusive inflection point just before it turns up - it's just due to sheer luck rather than any godly skills in technical analysis or fundamental analysis. And because it's just luck, it's hard to replicate it consistently. Reflecting from previous years in the market, I spent quite an amount of time and effort to learn the how to catch the bottom and sell at the top. Why the obsession over this? Don't the masters say that one must "Buy low and sell high"? Yes, they did, but they didn't say specifically that it must be the bottomost trough and the peakiest peak. Takes me some time to realise that... and I was wondering why I didn't come to realise it sooner. Silly mistakes made in the past are just that, plain silly. But at that moment of time, you wouldn't have the wisdom and experience to know otherwise. Optimistically, I take it as a learning process. Knowing is quite different from doing, however. We all know that we have to lose weight but all the best laid plans set in the night before the morning jog will be laid aside when the alarm rings at 6am the next morning. Doing something requires more than just knowledge - it also requires a suitable dosage of motivation to start the engine going and another dash of determination to carry it through. But human beings being humans, there are always those who are good at starting things and bad at finishing them and vice versa. Read more...
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By Bully The Bear
La papillion is french for butterfly. This blog chronicles my journey from an amateur in the stock market to where I am today. Have I turned into a beautiful butterfly? I don't know, but I think my metamorphosis is still on-going now :)
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