I took a step back and do a "Reality" check....esp for my forex trading plan and after a good night sleep plus a chaim-see at Waterloo temple, my conclusion is that I better wait till the end of this month before thinking about quiting the stock market for the moment. As most of my money is still in stocks and may have to take a "big hit" if I will to sell off my present holding, when my forex trading has not really taken off yet ( yes, managed to grow the fund but not fully time tested ).
So....having taken this decision to put a "hold" on the idea for the moment, I shall still continue to learn and do a trial for whatever concept that may help to re-enforce my trading plan.
Meanwhile....will also take another look at what I have for my stocks and what I must do for them. The main thing is try not to sell at a loss but to slowly clear or to re-position the holding to more defensive stocks to hold longer. If can...to hold
more cash since the World Cup has started and most of the market are predicted to slow down during this period. With that happening....then I also expect the share price to soften.
My chaim-see is no 67 which is a GOOD one.....which say that I must continue to up-hold my sense of justice in order to ensure smooth surrounding for myself and family.
With this advice.....I now want to go slow with trying to take on too many things eg teaching others on forex and to over-fund my forex trading account to "anyhow whack".
First....I must ensure that I can really able to "stand-up" and safely say that my trading plan is fool-proof first, for that the best I can say is that so far so good hehe. And hope the run will continue. Esp the plan must be able to go thru a duration
test and come out a "winner", even one month test may not be the answer. It must be able to run for a full season meaning one full year to test the idea against the time and different situation. Yes...I will share idea with wife and children and to include them for the trial.
No teaching or sharing with outsider yet till....I can safely say that yes it has gone thru "hell and back - it is a winner, therefore a good idea" then I shall think to go to my PLAN B. With that....my conscience will be clear. Plus my own house will be in order then and I can proceed to PLAN B.
Guessed...after getting burnt by the stock and forex market and with what are happening at the moment. Best to lay low and count my blessing for now....and prepare myself for whatever is happening and the future!
Saturday, June 12, 2010
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About Me
- wINtoTo N aLSo 4D...yEAh!
- tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.
5 comments:
The sad part of chaim-see no 67 is that I will never be "rich" and will in the end "kill myself", then the whole situation will finally be over for me.
Okay....I won't let the above pull me down with my trading trial becoz I really want to pass down this idea which I feel will free my dependents...eg wife, children and whoever that catch on to the concept a life-time of passive income to do what I din't managed to have.
Then...my idea is still can be said as a "success". Remembered that the chaim-see said that I must die die stand up straight for justice and up-rightness!
I can and shall do that..........
Yes... have seem people not having richness and good life during their life-time then their family gets to enjoy the fruits of their efforts in the end.
I hope this is the case for me too
then I shall die with no 2nd thought and regret!
So....my plan now does included my death too but not any time soon as I must do a full year test first.
By then...I would have collected another wind-fall from my work in the form of retrenchment benefits, co's share options and profit-sharing for 2010 then part of my own CPF.
Look like 2012....is in my plan haha. Could be the calender for me.
So....still got 1+yr to live it up.
Not too bad....lei!
Yes....I have told my wife that I really want to continue staying at my present condo as I want to have a good environment in order to work on my plan.
On my plan thingy....I have a strong gut feel that it will and can work out well. Just that I won't really get to enjoy the richness it can bring. It is a longer route as compared to stocks and to me....it will be 100% safer
one with endless earning potential.
But just not for me....the benefits!
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