I tried 80% investment 20% trade initially. Then slowly ventured into 70-30, 60-40, 50-50 cause the dark side is too strong.....then suddenly DBS/OCBC/UOB up so much.
Then I did a check using SGXcafe.....If I just hold on to the stock and go 100% long for long-term, my return would be much better.
Morale of the story? It's hard to resist the temptation to trade. And it is even harder to profit from intra-day trade.
Just do it slowly. Patience is really key. Now I am trying to slowly adjust my profile back to 90%-0%. Why 0%? This is to buff up the warchest for the next crisis or opportunity. Opportunity will definitely arise during the year when you thought they are no more. Be patient.
At least I still managed to make 7.5k realised P&L + Dividend this year. But it is still hard to resist the temptation to trade, like how I just punted MM2
And patience and holding power is really key....I can hold MM2 but I decided to sell it away for loss the very next day...
Think all the online squabbles with the troll on this thread affected my emotion too much and impede my judgement. But just treat it as lesson fee learnt.
It is also good to re-visit your past trade to see how many you got right. For me I got 1/3 absolutely right, 1/3 absolutely wrong and 1/3 which can be even better.
Did I said patience is really key? I lost 8k earlier during the year when I got greedy and tried to contra. Luckily I managed to made lots of small-mid trade to cover it back. End of the day, my 7.5k profit is made up of 3k dividend and 4.5k ARA
