I remembered the day I started this blog and i have always wanted to update it... but my bad friend, Mr. Procrastination, kept me from doing it. Finally after 9 months, this is my second entry. So what have I done, in these 9 months, to work towards my financial freedom??
1. I opened an account with Malacca Securities
I started small by depositing 2k (read about someone starting with a capital of rm500... so, I guess I can try out with 2k, the amount that I can afford to lose it all - Guess what? I already did. and I deposited another 2k and another 4k so far. So the total will be around 8k?? Not really sure if this is a correct decision - to "dump" real money when I lack knowledge in trading...
2. I joined CP's Stock-Watch group (but quit early this year)
In fact, I joined before my first blog entry. CP is an inspiring man. He was a teacher - I am a teacher. If he can do what he is doing now, why cant I?? And I have a few advantages over him - I started earlier than he did and I am single which means no burden! His SW group was good as I learned a lot from his weekly meeting and analysis of stocks. However, it can be confusing and distracting sometimes as too many stocks were mentioned by other members and as a newbie, I do not know how to choose. Many of his members make money but I did not. And CP's trading period is too short for me. As I only buy small, I need to wait for the price to go up more to be able to sell for profit. So I quit SW group but instead, I joined his e-learning!
3. E-learning
So from a blind follower, I become one of CP's students. I like learning especially about things I am interested in. I do read books about reading charts but they are just knowledge on paper. I need experience and CP generously share with them with his students. I have joined a couple lessons and so far I learned a couple of things:
a) How to reduce risk (prolong trading period, buy only fundamentally strong stocks, calculate the downside that I can afford to lose)
b) Price-volume divergent (when a stock goes up, so should its volume or else when no volume supports the price, it will come down soon; when a stock comes down, its volume should go up as it means someone is absorbing the selldown or else the price will move sideway)
c) Moving averages (for overall trend - above 20MA, short term uptrend, above 200MA, long term uptrend; as support and resistance)
I am glad that I write this as I am having difficulties remembering what I have done and I begin to realise maybe this is all I have done in such a long period of time. My progress is way slower than I imagine!

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