There are many forms of strategy or trading pattern in the market.
I used to do short term trading and contra in the past. Some times i lose money, but most of the times i made money. I still remember i made 5 figures from a short term trading of SBI Offshore in the past. I used a catalyst to buy and held for about a month then sold them. But does this kind of strategy suit my personality and is able to deliver a good return for me in a long run?
Recently i was very tempted to buy Singtel when it dropped to $2.86. Then i asked myself “What is my purpose to invest in Singtel? As it is trading near historically recent low? Do i plan to have dividend income from Singtel? Do i think that my portfolio value is high enough for me to change my investment strategy?