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Distilled essence from Jesse Livermore
By Rainbow Coin  •  May 24, 2019
I am finally passed the half-way mark of slowly clawing back my 4-digit lost capital from trading the US market late last year. Slowly cos I chewed like a rabbit (no gut to swoop like an eagle).  Considering that it is only May now, I am hopeful that by end of this year I can at least break even. As the saying goes - "You don't have to win back the same way as you have lost.", I take it that it means winning back via a different trading strategy... Not get out of the game entirely. Trading is a totally different ball game from investing. In investing, we want the stock (which pays good yield) to be as stable as possible (low beta). Whereas in trading, we want volatility (like now) so we could reap profits via long or short. It's like riding a sight-seeing train versus riding...
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By Rainbow Coin
I began exploring the financial world in year 2010, hoping to get out of the rat race and be financially independent. 2010 was the aftermath period of the Lehman crisis when a pretty shaken up market was struggling to recover. On hindsight, that was the perfect time to catch multi-bagger stocks should I be a veteran or at least had some basic knowledge of picking up 'gems'. My learning curve was steep then, as I have absolutely no friends or relative who could shed some light on what's investing about.
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