For a novice, you are able to aim for goal number (1), that is to record what you want to learn, slowly building up the contents, and mastering what you post in the blog. But in the process, you can slowly get to part of number (2), that is passive income with the assistance of the people who visit your blog and click to the advertisement. But to have passive income, your blog must be attractive and compelling for visitors to bookmark and return continuously to give you the "hits" and that will attract advertisers to contact you to put advertisement in your blog. Your knowledge and skills would automatically improved as you blog along. For example, when I started my blog 2010 November, I was merely a TA novice, knowing little but thinking that I knew a lot, but gradually I learnt to find out many things I did not know before. I achieved what I learnt today applying some effective learning models that I posted in my blog to share, and it needs focus on the essentials. If you do not know the importance of focus, google with the key word "Pareto Principle". Pareto principle is a very useful principle to apply in learning and in work, and basically it says that we should focus on the significant few. So in trading tools like TA, we may have 100+ over tools, but what we need is to focus only on a few, and master those few will do well, rather than trying to learn all and master of none.
Leong's suggestion is an ideal case, but you can do some research to put all those in the links, for example, instead of posting oil/gold/silver charts daily, you put those resources as links. As a start, visit Christine's Blog of Bursa Trade Statistics. She had done some good work that attracted visitors, but she had not done enough. You can absorb lessons from her site, and improve on it. Note, as a start make sure you FOCUS, and not be too ambitious to try to put everything to confuse yourself. First put an analysis of the Trade Statistics Table to analyse the data in relation to the KLCI, and that should be an ideal beginning. Even in analysis, you do not try to look from many perspectives, as you do not have the knowledge and skills to do that. Focus on one perspective - like foreign funds. Continuous analysis would sharpen your mind to improve your analytical skill to look from multiple perspectives.
Yes, ROME IS NOT BUILT IN A DAY, it takes years to hone your analytical skills. From hindsight, I would admit that I only started to develop my analytical skills after my graduation with an engineering degree. Engineers are considered analytical, but from hindsight, I would admit that my analytical skill as a fresh graduate was not good. But now I can claim I have already mastered this skill. I really started to learn and mastered the skills through years of working and practising the skills. Analytical skill is something that you have to take time to learn and it will take years. But once you mastered the skills, you will be able to learn a lot of things easily.
Words from : Mr Lee TG ( http://fundamentalwithtechnicalanalysis.blogspot.com/)
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After reading the above comment, Sifu Lee motivated me to learn and do thng in a correct way. So, today I had changed all the statistic and focus on the market which I am more experienced.
In the same time I did a google search on "Pareto Principle" .
Definition of 'Pareto Principle'
A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The principle states that, for many phenomena, 20% of invested input is responsible for 80% of the results obtained. Put another way, 80% of consequences stem from 20% of the causes. Also referred to as the "Pareto rule" or the "80/20 rule".
I found out this is a very useful tool in stock trading, business, working, etc. So I hope to mark this down for my future reference. The lesser effort we pay, the more efficient stuff we gain. Actually I did more research on this tool and read a lot of case studies on this tool.
I am sincerely giving respect on those who given me comment and ideas on archiving into a better stage.
