Investing in Bursa

6 months ago, I decided to use part of my saving to invest in stock market. My initial investment capital was around 10k, just like many other newbie noob investors, I use the capital to buy stocks based on rumours and recommendation from blog/forum without doing any homework. Fortunately, my first few selection gave me a good return. Much better than the unit trust I bought since early of 2009. Confident with my strategy in stock investment, I transfered all my unit trust fund into stock market. During the first 2 months, I was able to make some decent profit from stocks recommended by others. However, not every stocks give me a good return. Some I have to cut lost in order to minimize the damage. At the end of the day, I lost almost all the profit I gain previously.

Well, 2 months of "hard work" without gaining anything. I start to analyze and found out few thing that I need to avoid or improve,

1) Buy on rumour/goreng stock - people can alway rumour about how good this company gona be and when big shark gona goreng . But how many percent are true. Most of the time you just see the stock price going down into drain. Even if you are lucky to strike one that the price shooting up, but u never know when is the peak. Cause this kind of goreng stock will only hike for few days then drop bk to your buying price very fast.

2) Patience - This is something I am lack of. I alway lost my patience and sell the stock if it didnt move for few days. By the time I sell the stock and switch to other counter, the price shoot up to no where and what I can do is just blaming myself. Even though I tell myself not to repeat the same thing, but everytime I see other counter shooting up like rocket while my counter still stagnant, I will lost my patience and do something irrational: like buying speculative stocks(hoping to earn big profit within days just to compensate the "lost" for not buying the sky-rocket stock i "suppose" to buy)

3) Greed - Biggest enemy for all investor. When greed come, it can kill my patience and convince me on the reliability of the rumour. End up doing something stupid.

Beside this, I also start reading investment books and stocks analysis by bloggers to improve my knowledge on stock investing. Between TA and FA, I have choose FA as my primary analysis for stock selection. Since then , I have did fundamental analysis for some stocks listed in Bursa. Hope to find Gem Stone that could bring me a great fortune.