Recently, I have read many of the Asian successful stock market investors through finance magazines. Each of them is good and impressive, it's just like the The Market Wizards for Asian. I would like to learn from them, so I found out that they have some common traits and experience, which I would like to share with you here.
Trait #1 - Daring
None of them are play safe by starting from small amount of investment. Play safe won't get you far just like fixed deposit. Most of them invested 100% of the wealth into it. They are daring and taking risk once an opportunity is discovered. Besides, they also daring to invest during great uncertainty. That's why their return is very high compared to others when it is succeeded.
Apparently none of them can win and grab money from the stock market from the beginning till the end. Because they are daring and take risk, they encountered big failure as well. Most of them encountered more than one time. But that's not the big deal, they review why they fail, come out with alternative solution, wake up and try again. This is how they success.
Trait #3 - Hardworking
To stand out from the crowd, they have to do something different than others. Most of them spend a lot of time to study and understand what they are doing as well as relentlessly discover their winning method. If only based on basic fundamental and technical analysis, or understand what others have also understood, everyone should have already make it.
Trait #4 - A Leader
They are not followers, because they have their own strategy and insight. Once they discovered the opportunity or threat, they will dare to take action.
From what I noticed, luck is at most only contains 10% of our success. 90% is rely on our hard work, insight discovery and daring. If we can possess these 3 traits and a few % of luck, we may become one of them. Of course, I'm still learning from them.
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