My NO.1 Trading Rule

Always Dollar Cost Average your positions.

Back in 2019 I was new to trading, and opened my first stock account. Did minimal research and just dumped one lump sum into a bluechip. Got really lucky on one of my trades ( $HongkongLand USD (H78.SG)$ ), and managed to get 9% in a day. Seemed really easy money and I went ahead to just throw in money into stable companies (good cashflows + prospects etc).

My dad was very impressed and even gave me a sum of money to invest reminding me to be careful... however i was cery reckless and invested lumpsums at once.. then Covid struck and some of my investments ( $CHINA TAIPING (00966.HK)$ , $CHINA AOYUAN (03883.HK)$ , $CHINA LILANG (01234.HK)$ ) did not recover to their highs before covid. Still sitting at a loss of ~40% up till today. Had I learnt earlier, i would have DCA-ed into these investments and spend more on the dips.

I hope to be able to make it up to my dad one day. Thankfully I still have a rather long time horizon and more trades to practice. Very valuable lesson learnt. #My No.1 Trading Rule