Could you share your biggest mistake in your investment journey thus far and how long you took to get back up?

I'll share what changed my results to be consistently profitable.

1) Don't listen to / read the media.

Once I stopped scrolling through the newspaper section on finance, CNBC, and stocks related media etc, I started to focus on the Fundamentals and Technical Charts of the company and that's all that is needed to determine the decision to invest in a particular stock and became profitable. More often that not, the opinions/articles are lagging or causes you to purchase a certain stock when you shouldn't be and it falls swiftly shortly after your purchase.

2) Always Go In With A Plan

Have a consistent strategy of how you do your research, your purchase and your exit. Importantly, what you will do if the investment goes against your intention.

3) Approach Every Investment Risk First

Most of the time, people purchase because they look at the huge potential of how much they can earn. In fact, once u have done the due diligence mentioned in (2), look at how much you are willing to risk and at what percentage of loss will you get out.

Ultimately, after you purchase a stock, you can't control which direction it will go, how high it will go, how long it will take.

But the ONLY thing you can control, is the amount of money you are willing to risk to take on that position and get out if the investment goes against your intended direction.

Wishing you a safe investment journey ahead:)

Listening to opinions too easily. Instead, I should have spent more time to understand the fundamentals on what I intend to invest my money into. At the end of the day, it is my money and my loss.

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