Today is my five monthsary of my investment and trading journey. I certainly experience a lot of stuff during these five months. Things like learning about company, most company which I don't really seen before like Soilbuild, Cambridge industrial and many more. I also have learn from other people in the internet (hardware zone) for knowledge in trading as well as getting tips from them. I have also experience my Unrealized Loss which really made me worry during my episode with DBS. When I saw my unrealized loss jump from $12 to $100++, I was really panic at that point of time and was deciding whether to sell off my DBS shares because my emotion took over my sense during that point of time.
Out of these 4 new shares, I am quite worried about Q&M at first when I purchased it at 78.5cents. Because there are many people saying that the price is quite high and it is not worth it to go in at that price. I did my homework and also do some ground realization about Q&M growth in Singapore before I purchase this share. Although the result of this is good and I was pretty shocked about it as well.
Of course, nothing is perfect, I am still sitting on three red zones (unrealized loss) which are M1, OCBC and Capitalcommercial Trust. But these are not capital gain shares as I will be keeping them for dividends for at least 5 years. (Unless I need the money urgently hahaha)
For newbies like me, I felt that when we start off in investment/trading, it is better to invest /trade something that you familiar with rather than something that you do not know. These are the key points that I felt it is good to share with all newbies:
- Tips are good, but you will need to do your own research before jumping in.
- Go for steady blue chips if you are looking for long term investment. (At least if got bull, also wont die until that jia lat)
- Understand the company background (business nature, future growth, news and etc.)
- Learn the fundamental of investment/trading (dividends, types of period, and etc.)
- Don't gamble, invest or trade within your limits. (VERY IMPORTANT)
Number 5 is super important, the reason because got burned is because they exceed their limit when do trading aka playing contra/shorting. If you are not sure what is contra/shorting, do read up a bit but better don't do it (Especially for newbie). I understand that profits is tempting, but still invest/trade within your limits.
Ok that's all for my 5 months experience. Enjoy investing/trading!