This afternoon; Uncle8888 has kopi session with one new Starfish who wanted to restart her investing journey at the next Bear market and wanted to hear directly from Uncle8888’s mouth on surviving market cycles and of course with paper and pen.
Here is the real investing lesson on market cycle for newbies!
Starfish started trading (investing) in 2015 and winning easy money and progressed into contra trading and winning easy money all way to 2007. More or less like Uncle8888. LOL!
See closely the chart below for Starfish’s starting and ending point and you may understand the moral of the story.
Starfish emotionally couldn’t take the losses farther; cut losses and completely out of the market till today. Total losses more than $100K! …