Put Investment Strategy into Marriage Way :
1. MARRY WITH YOUR STOCKS, BUT NEVER FALL IN LOVE WITH YOUR STOCKS
Meaning, buy and hold the stocks for trading or investing, but never fall in love with them.
2. DIVORCE YOUR STOCKS WHENEVER NECCESSARY
Meaning, cut loss whenever neccessary. If the long term trend is downtrend, holding on will normally depreciate your investment capital silently.
3. NEVER PUT ALL YOUR HOPES INTO ONLY ONE MARRIAGE
Meaning, don't put all your eggs into only one basket. Diversify your stocks into various companies, especially covering various industries or categories with different risk level.
In short, trading and investing has to be non-emotional. Any emotional decision may fail your strategy.
1. MARRY WITH YOUR STOCKS, BUT NEVER FALL IN LOVE WITH YOUR STOCKS
Meaning, buy and hold the stocks for trading or investing, but never fall in love with them.
2. DIVORCE YOUR STOCKS WHENEVER NECCESSARY
Meaning, cut loss whenever neccessary. If the long term trend is downtrend, holding on will normally depreciate your investment capital silently.
3. NEVER PUT ALL YOUR HOPES INTO ONLY ONE MARRIAGE
Meaning, don't put all your eggs into only one basket. Diversify your stocks into various companies, especially covering various industries or categories with different risk level.
In short, trading and investing has to be non-emotional. Any emotional decision may fail your strategy.
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