The past few months have been a roller coaster to many investors and traders, the market corrected like no tomorrow and there were many gloom and doom news from the media. At one point, STI went to below 2600. However, the last few weeks, most of the index and counters have recovered with a vengeance. Looking back, what have I learn from this episode so that I can be a better investor and prepare for the next correction.
Patience
Most of us know to buy low and sell high, but how many of us have the patience to wait before committing to buy. Most of us like to chase when stock price has gone higher, we feel "safe" when many other people are also buying. And we know that most of the time, the result turns out to be disastrous. February was the worst month for most of the stocks, ......