Tuesday, January 27, 2009

I shall control it myself

I did pretty bad for my Forex these few days, lose quite some money but I am not going to it let go. I shall earn it back. Right now, I have in sufficient knowledge to handle this, I am going a 'school' to study Forex like my past academic subjects. Forex and Stocks are not gambling, is something require good judgement skills and money management skills and a little luck to earn. But people might think it superficially.

Now I feel I am kind of impatient. That's why I end up losing.

Is gambling = put in money without thinking (emotional)
or = put in money with considerations (with analysis) ?

For me, I will agree with the first.

Most investments requires probability, analysis skills, good judgement and money management skills too. In fact, is a stragey that counts when combining everything together. I shall stop trading right now. Get my stuff right, at finger tips before I start to trade again.

Why? Why will I think it this way? This is because....

I have this friend who teach me how to gamble.. Hahahahahha. He's Jeffrey. But he don't gamble blindly. He taught how to use formula and theory to play roulette. It works as in I did earn little money but I am not really that interested in roulette. But he did changed my perceptions towards gambling.

Which means investing money with risk with thinking IS NOT gambling.

investing money with risk without thinking(not using brains) = gamblings.

I did use my brain to invest, but I think I use the wrong side. Lolx.. This remind me of something.

When I were young, I have a tutor who taught me for around 7 years, said this to me.

"Meiqin, you know, I realised you learn like a " diao 头虾"?
ps prawns that swim upside down.

Me: why?

My tutor: You know how the formula works but you apply it in the other way round! Like the
prawn, can't see the way in front AND you keep banging into if there is a wall still.
Funny right?

Me: hahahahha.. really? then how? what should I do?

My tutor: Practise lor~ Practise makes perfect. nonono.. It should be prastise make permanent.
Permanent because you will remember it forever. FOR YOU, must look up and watch
you way.

Since then, I always work hard, till the extend that I can remember the page of the textbook. Lane even called me "Walking Textbook". hahahaha.

This is where I am going to. Here

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