Consistency in stock market.
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Just sharing the true experience to everyone. Please share it out to those who wish to grow capital from small. Creating wealth from stock market requires lots of effort.
1. In fact not many can achieve that. Why consistency is important for everyone? Most of the retailers have small capital. As a result, they will not to have patience to get wait for a stock for 10 or 20years.
2. 90% of retailers aiming to gain a huge return in a short period of time. Moreover, don't forget our malaysia companies are not consistent with their growth only. Basically out of 900 companies, companies that can grow without fail for 5 to 10 years are very rare.
3. This is will result that if a company cannot perform in future we have to switch stocks to other one that have more potential and stronger one. In stock market you need to be flexible. Don't fall in love with stocks. Malaysia companies are not that you should fall in love. You can ride and gain from it but don't expect you will have a Public Bank stock 10years. In fact, you have keep up with the growth of the stocks.
4. Consistency in stock market. You rather win more or less in many stocks but don't win once big and loss one bigger. You will loss in term of timing and capital too. Discipline is the key of success in stock market. Not many can have discipline. In fact they feel very hurt to ask them cut stocks that didn't perform. They will hold for life in the end causing them more loss.
5. Aim for winning rate high, minimum loss thats the best to grow your wealth. There are plenty of stocks in market. If you have large capital like Fong Si Ling, he will put in many stocks. If you notice him well, you can see he hold some stocks that run more than 100% to 200% and the next year after the rally he will not in the company any more. He know well that the rally for that stock is done. Perfect example like KRONO. He sold it within a year. Be flexible in stock market. You have plenty of choices.
6. When the upside of the stock is limited, switch to other one. Don't be greedy in stock market. Nothing will be forever up and never come down. When the stock come down to a price you feel cheap, revisit it. Growing your wealth from small capital is hard. You often listen people said grow wealth requires time. It's true for big capital. However, growing wealth from small capital is requires different set of skill. Only those who experience it know well. If you have 10,000, gain 100% in 5 to 10years. Its not a good return.
7. As conclusion, be flexible and consistent on your winning road. Minimize your loss and focus on stocks that have greater potential. Be discipline and grow your mindset with millionaire mindset
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