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Patience In The Stock Market??? (3)
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  May 10, 2015
Read? Patience In The Stock Market??? (2) Uncle8888's patience in the stock market cuts both way. His attitude towards losses is very different from commonly known or practiced concept. He is very patient with both winners and losers. He doesn't have Stop-losses. He still believe in salted fishes becoming alive one day. How to treat losses and move on without carrying the sampan all the time? If really salted, he will write down the losses to ZERO stock value and move on. These losses are NON-CASH items and only impact his portfolio performance measurement when he still have big war chest. But; when his war chest is very low or empty then it is different ball game; he will need to raise cash. He will cut these zeroed stocks and still "profitable". LOL! Read? Who is the Other Twin Sister of Stop-loss who is not commonly known???...
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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