In recent years, I have been selective about the investment talks and seminars I attend. I found the talk on investment psychology interesting and I attended it on Sunday, 19 May 13. The speaker was Wong Kok Fai, who appeared in TV programs such as Money Mind, Business Tonight, 财经追击. He is currently an algo trader at Azurewing Asset Management in Hong Kong.
Most of the things he said were the usual investing psych stuffs. But I do find his investment framework particularly useful. The framework defines 3 parts to a trading strategy
- investment philosophy
- trading plan (process)
- a system of trading
Investment Philosophy
Investment Philosophy is the cornerstone of any strategy and it is unique to individual. It is about understanding your beliefs and trading tendencies. We trade our beliefs in the market and use them to filter the information we observe. For example, Kok Fai’s philosophy is to act after public news. Instead ......
In recent years, I have been selective about the investment talks and seminars I attend. I found the talk on investment psychology interesting and I attended it on Sunday, 19 May 13. The speaker was Wong Kok Fai, who appeared in TV programs such as Money Mind, Business Tonight, 财经追击. He is currently an algo trader at Azurewing Asset Management in Hong Kong.
Most of the things he said were the usual investing psych stuffs. But I do find his investment framework particularly useful. The framework defines 3 parts to a trading strategy
