Learn from failures, so you can win.

As traders and investors focus on the Fed's inflation rate forecasts, the market continues to stay in the red. Just last week, due to the sentiment about the bustling job market, the stock market fell, indicating that inflation may continue to rise after reaching a peak of 8.6%. With the latest price data showing inflation still soaring, everyone is questioning whether monetary policy will ease.

At times like these, the market is worried, and the obvious answer seems to be selling stocks, especially in the face of an impending recession.

What can you do?

There are many factions. Some believe that an economic recession has arrived and now is the golden opportunity to select winning stocks. This also means focusing on the long term, as the stock market is already at its lowest level and therefore appears very attractive.

More people believe that the worst is yet to come and that cash is king. All bets are off and people are staying away from the stock market.

What do you believe?

Many people are looking for often quoted... quotes. When others are afraid or cash is king, be greedy. Whatever you believe, now is the time to test your faith.

Choose my own path.

In the first 6 months since I entered the stock market, I chose to invest for the long term. I hold my bank stocks. $DBS Group Holdings (D05.SG)$ Gradually accumulate in growth stocks, such as $Grab Holdings (GRAB.US)$Although it is recommended to diversify investments and avoid concentrating investments, I prefer to focus on a few instead of having too many holes in my water bag.

Many people suggest...

Many people have offered wise advice, now is the time to sell, but sigh, I cannot time the market, I choose to stick to this belief. I will let you know the result in a year, because I don't think the stock market is as straightforward as it is now. Am I worried? Of course. But I choose not to worry too much. I think the financial loss is something I can afford. What can't I bear? Not learning any value from investing. If I lose, then I have learned what not to do. It's an expensive lesson. If I win? Then I better continue on my path.

I learned this from Jesse Livermore, one of the greatest traders who learned from losses. Although... his life story is not ideal, I think I can choose to learn selectively.