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Wednesday, May 17, 2006

So our GDP Data did Help our Stock Market!

Singapore economy expanded by 10.6% in 1Q06, better than the median estimate of 10.1%. The Ministry of Trade and Industry has raised the 2006 GDP growth to between 5% and 7%, from the previous forecast of between 4% and 6%.

The stock market responded slightly positive to this economy report. I guess the stock market has been too volatile for the past two days. Investors have become very cautious, and the stock price did not move up much. Sigh, I went in too early last Friday and Monday, so my stocks have not reached my buying price...

What is the moral of the story? It is something that I all along knew, and I just could not get over it. That is, when the stock market is in the downtrend, we should not be buying, as we do not know where is the bottom! We should only buy when the trend turn up! And why is it that I always could not resist the temptation to buy when the stock price went down, especially in such a drastical manner! Guess what? I am just afraid of losing opportunities! But like someone ever said, it is always better to lose opportunities than to lose money!

So, what is most important in stock trading?

Discipline! Discipline! Discipline! Discipline! Discipline! .........................


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