FA / TA : Uncle to Teen , Your Questions , My Answer!
Hi peeps , boring Ken is back with another entry .
Background Story: Uncle Rich on Facebook aka investopenly in the blogworld :p :
Background Story: Uncle Rich on Facebook aka investopenly in the blogworld :p :
" Ken why not share about why u personally like FA over TA? It is not that either one is better, just want to see a young mind's view on this, eh sai boh?"
Ken's reply is as follow , i'll ask you this qn first :
" you want to follow the mother hen and be protected or learn on your own? "
I put the 2 pics below for illustration lar , which one would you pick?
"Bloody heck , i'll take number 2 man, look how stylo this kid looks! #SWAG "
Now , no one is accusing anyone of being a mommy's boy / daddy's girl here . Point in case being , experience being in the market lar , if you don't take that first step , you'll probably hurt yourself even more . To be awfully honest , my style is chapalang , anyhow hantam style . I rely on my gut feel more than others for my picks , my trades , even my investments.
GET YOUR OWN STYLE!
HOWEVER , to do that , before you even wanna try that , i quote a convo i had with a BB a while back :
"You better know your sh**"
My 4 steps to getting your style right is this :
1) Wake up your ideas! The right ones arh!
To be an investor / trader / player / BB , you need to learn FA AKA FUNDAMENTAL ANALYSIS , you better dust out your old finance books or hit the books or internet on ways on how to read a financial statement , analyze data and to get a sense of the industry and general market wave .
(This one is especially important for TECH / Oil & Gas related counters, because they are so darn volatile!)
2) Always make sure you LOOK at the REAR-VIEW MIRROR!
Hello , after getting the FA foundation , take on TA as a new perspective of looking at things , another pair of eyes . READ UP on terms like moving average , moving average convergence divergence (MACD) , Exponential Moving Average etc. Don't know , ASK! We have so many people you can ask , a lot of TA Zai Kia out there , you have UNCLE RICH , UNCLE RUSSIAN Gun, Uncle Japan etc etc lar , look at the financial blogs and ASK! I'm sure they are more than willing to share , if not worst come to worst , there is the National Library!
Don't come and ask me ah , about TA lar , i know how to see charts and stuff , but not interested , because it is boring and seems darn tedious to me , i do a cursory glance and yar , that's about it.
"Take note arh , he is an oracle , but he is also berry berry staedy for 180 degree kebalakang puseng one!"
NOW, let's take a moment and listen to this song and reflect on the points mentioned above , btw fyi , i pro-govt one! Don't suka suka sabo me ah!
3) Summary judgement! AFTER step 1 and 2 completed arh!
You need to make your first buy in already! Don't try , you never know, 不试不知道,试过才知道, tak try tak boleh la , try already then tau lah! REMEMBER , don't be DWA POW SIAN ah! 大炮仙.
4) Don't be SWAYED !
Remember this : YOU and YOU ALONE are
responsible for your own choices , people may provide their
opinions but remember , it is free , TALK IS CHEAP , you'll
pay the price , so instill in yourself the determination , the
thought , to repeat steps 1-3 and look for the finest detail
that the counter might not make it ! Whether you're a trader ,
investor , player , operator , Big Boy , it doesn't matter , what
matters is that when you've made a call , a choice , you
better stick to your guns and set a STOP LOSS too ! You will
have found that by then your instincts would have been
sharpened , remember , the road ahead is long , don't ruin it
because of one lazy judgement.
Ps. listen to the songs , might have some unexpected results
while reading this post for the second time :)
Till next time :)
Ken
Oh , last song (if you understand , take a moment to enjoy!
Have a great year ahead! Happy 2015!)
Pics from google and vids are courtesy of youtube
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