Wado, that is a very complicated question. The underlying point here is discipline.
Give you a little back ground: in 2008/9 is was skinned for $350K. Due to my inexperience I sold all my share holdings in February 2009, the lowest point of the GFC, naturally.
I want my money back. It's that simple.
I've spent the time since then trading markets (not interested in shares etc), studying the reasons for the GFC and familiarizing myself with economics, both domestic and international.
So in hindsight could I, knowing what I know now, have picked a problem early 2007? No I couldn't exactly but possibly around January 2008 I could have if I'd been watching. Back then there was some scary news about the US subprime fiasco and US property prices but it was, of course, played down.
Lesson one....make your own decisions and don't listen to the back ground noise.
Lesson two.....don't go for an big kill
Lesson three.... think ahead eg. after you've reached your short term goal
Lesson four....Warren Buffett's adage "the secret to investing success is: lesson one...don't lose money and lesson two is 'refer to lesson one'"
