Read the previous Part: Become a Stock Trader or Investor? - Part II. To make money in the capital market, all you have to do is practice, practice and practice. You have to determine what kind of a typical trader you are.
For example, it turns out that you are more suitable to be a swing trader for a few days, then you have to keep practicing your skills to become a swing trader over and over again. With practice and hours of flying, then slowly you can generate profits consistently.
So, the key is FOCUS and CONSISTENCY to build the type of trading that suits you. Perhaps some of you feel that you are unfocused and inconsistent. If you feel that way, immediately change yourself.
One of my idol capital market figures - Lo Kheng Hong, he decided to become an investor because he is very deep in fundamental analysis and his principle is to get rich while sleeping. So, if he has a principle like that, then the right person is to become an investor. He was previously a trader but because of a typical unsuitable trader, he finally chose to become an investor.
Lo Kheng Hong was focused and consistent with what he said. He studied fundamental analysis properly to become a reliable investor, and did not move on to become a trader. And as a result you see, Lo Kheng Hong is rich and great success of the stock market.
You may remember the famous kung fu legend Bruce Lee's quote:
Fear not the man who has practiced 10,000 kicks once, but fear the man who has practiced one kick 10,000 times.
The important values in the quote are: If you want to become an expert, you have to practice one move that you have up to 10,000 times, not train the 10,000 moves that you have only once.
Just like what I described in this post, if you have chosen and feel suitable to be a daily swing trader, continue to practice your daily swing trader skills up to 10,000 times. Don't be a swing trader, be a mid term trader, be a scalping trader and you only practice it occasionally.
If you become a trader you should focus on choosing only one type of trader. How about becoming a trader as well as an investor? legitimate. Provided, you have to separate your funds for trading and investing.
And you should not become an impromptu investor by holding onto 'nyantol' stocks whose status is all loss. If you decide to become a trader and investor, when you become an investor you have to really buy a company based on fundamental conditions.
Then, Bung Heze himself what kind of trader? Want to know the answer? Continue reading this post: Become a Stock Trader or Investor? - Part IV.
