by Aspellian » Mon Oct 11, 2010 5:42 pm
haha! The landlord is always coming over to inspect the gardens to see whether the farmer is working hard!
Have to admit that last one month been slack - some famous quotes to remind myself:
"He who works his land will have abundant food, but he who chases fantasies lacks judgment."
"The sluggard's craving will be the death of him, because his hands refuse to work."
"He who works his land will have abundant food, but the one who chases fantasies will have his fill of poverty"I am practising CANSLIM in SG market. Market Direction, yes - this time round I got it. But of the 4 stocks I buy, only 1 rose >10%, 3 slightly under water and probably being held up only because of the buoyant market.
So what went wrong? Why is it that even though I planted at the right season but certain seeds didnt blossom?
AAR:
1. I didnt plant immediately when the season changed. I am skeptical whether the season has really changed even though I subscribed to a proprietary weather forecast. I should not have doubt.
2. I didnt prepare the grounds hard enough when drought or flood was still dominant. I didnt put in much efforts to study the type of seeds that could benefit the most in the upcoming planting season. I still stick to the seeds that worked in previous seasons but is not appropriate for this coming season. The seeds did blossom into fruits but there is no demand for these fruits as its no longer in vogue. When there's no demand, prices become stagnant or even drop. I am to scan the market harder for new ideas on what fruits are coming into popularity.
3. Fruits I missed
- Noble - noticed it breaked its long resistance of $1.70 on high volume but i didnt react
- YZJ - always on my radar but i didnt react when prices keep on going up
How can I be a better farmer?
Be more consistent - spend regular hours reading and researching.
Do not jump into planting when i am not sure of the particular seed.
Be more patient.
PROMISE, PASSION, PEACE, POWER, PURPOSE, PLAN, PATIENCE, PERSEVERANCE, PROTECTION
DELIGHT, DISCIPLINE, DILIGENT, DETERMINATION, DESIRE
"Its not whether you're right or wrong thats important, but how much money you make when you're right and how much you lose when you're wrong." - Warren Buffet