Kittybaby's LG fox97 said trading/investing is all about Mind, Method, and Money Management.
Let me reflect upon these three M's with my 7 months experience in the market.
As a beginner investor, I believe I have a long way to go to develop a calm and strong mind in investing. It did not take me long to figure out that I am a moderately aggressive investor. This means I am ready to tolerate the 3-5% loss for a large-cap value stock and 8%-10% downside risk for a mid-cap growth stock. And I am prepared for the 15%-20% down to my overall portfolio, which already happened last month. Although I felt very sad about the loss, I made my choice to stay invested because I believe in the long term benefit of investing in stocks and I believe winners never quit.
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