I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Sunday 17 April 2011

Can My Stupid Charting Works? It is 3M's that really matters

KY asked: "Erm Uncle, how do you use the chart to determine your entry, exit and price target if any? There were quite a number of indicators in your chart, do you actually use them? If so how?"

Read? Gohsip's comment

Two Types of Ancient Chinese Sword fighting Master Swordmen

These types of ancient Chinese sword fighting movies were popular during Createwealth8888 younger days and he realized that there were two types of ancient sword fighting Master Swordmen.

Type One, they have very powerful weapons and superior skills to defeat all other swordmen to become Master Swordmen.

Type Two, they use simple weapons with their superior skills and greater wisdom to defeat others to become Master Swordmen.

The moral of the story: You don't always need to have the most powerful weapons to become Master Swordman.

"In Active Investing, there is no holy grail and stop looking for one. You should seriously and diligently  track and measure your portfolio performance against your higher investing goals. Keep reviewing and revising your 3M's until your portfolio performance starts moving towards your investing goals; probably you may have your 3M's correctly in place." - Createwealth8888

Chart A: To confuse people charting by Createwealth8888. This chart looks a bit professional and more technical. Do you agree?


Chart B: This is the real chart seen in the mind of Createwealth8888. It looks really STUPID right? You agree?
 

Someone already said that Chart A is "dumb" without any commentary.
But, I thought: "A picture is worth a thousand words."
This is an Art of Appreciation and only few can see; appreciate it and
then make money out of it.

Question: Should I continue to confuse people with Chart A? Any suggestion?

3M's that really matters


Now, back to the moral of the story of Master Swordmen.

Powerful Weapons: You are true discipline who was handed the powerful weapon by the Grand Master e.g. Dr. X, S4C, ChartMake200%Profit,W4Stop, an etc. all the Grand Masters of Powerful Weapons.

You are the TRUE DISCIPLINE following the powerful Method religiously. You can afford to use simple Money and Mind like cut losses at 2%, 6% or 8% etc and having trailing stop according to the rules set by the Grand Masters. What you need to do it is to strictly obey the rules of the systems e.g. when you see this and you do this. You are Type One Master Swordman

Simple Weapons: You are Type Two Master Swordman when you don't have any superior weapon passed down from the Grand Master. You have to beat all other swordmen by having Stronger Mind and Superior Money. It is simply Money and Mind over Method.

Okay, Choose your weapon and fight in the stock market. LOL!

3 comments:

  1. Ah! It brings back lots of fond memories of the HK black and white martial arts movies of the 60s.

    The heroes and heroines just throw their "power" weapons into the sky and the weapons will fight in the sky. LOL!

    ReplyDelete
  2. Uncle88, keep your Chart A. They are colourful and professional looking. We should all appreciate beautiful art pieces. :D

    ReplyDelete
  3. Cheng, you are suggesting that I continue to "CONFUSE" people? LOL

    Point noted. Tks

    ReplyDelete

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