chowyonghan Author

Buy as much as you can when the market crashes 30-50%

(Excerpt from Just Keep Buying by Nick Maggiulli) The next chart illustrates this. It shows the distribution of your annualized returns if you were to buy during any month when U.S. stocks were down by 30% (or more)...

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The wheel of fortune in investing

There is no one strategy that always outperforms. Be it growth, value or any other strategies you have used or have heard of, do not outperform all the time. Growth has done very well for a handful of years, probably...

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3 Elements in a Strategy Kernel

(Excerpt from Good Strategy / Bad Strategy by Richard Rumelt) A good strategy may consist of more than the kernel, but if the kernel is absent or misshapen, then there is a serious problem. The kernel of a strategy...

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Strategy is the bridge between goals and objectives

(Excerpt from Good Strategy / Bad Strategy by Richard Rumelt) Bad strategy is long on goals and short on policy or action. It assumes that goals are all you need. It puts forward strategic objectives that are incoherent...

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Buy low sell high vs buy high sell higher vs buy and hold

We don’t trade the markets, we trade our beliefs about the markets. A good quote from Van Tharp. It is very true as we know there are many different investing or trading strategies out there. Some believe buying...

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Do you focus on returns or risks?

Returns-focused + High Interest. This is the group of investors who are lured by the promise of life-changing returns in the markets (it could be any market – stocks, options, cryptos). They don’t mind...

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Motivator-Motivation Matrix

I came out with this matrix after observing others and reflecting on my behaviour. It has some resemblance to Peter Thiel’s matrix. Lure of Success + High Motivation. Some people are more motivated by success than...

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Ukrainians proved the ultimate utility of cryptocurrency

1. Crypto crashed during inflation and in anticipation of rising interest rate. People lost confidence that crypto could be an inflation hedge. 2. But crypto proved to have a crucial use for Ukrainians to receive...

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Keep losses small to tolerate poor accuracy

(Excerpt from Think & Trade Like a Champion by Mark Minervini) Most people are surprised when I tell them I would rather be able to maintain profitability at a 25 percent batting average than a 75 percent batting...

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We all have an Emotional Stop-Loss

(Excerpt from Think & Trade Like a Champion by Mark Minervini) Everyone has an “emotional stop-loss” whether they like it or not. The point at which you can’t take it anymore is your emotional stop. For most...

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