"Cursed of Buying Low" - when you buy a stock at low price, sell it at higher price, and make some handsome profit. After that, your old buying price would haunting you, so you would not, or would hesistate to buy back the stock at the higher price than your first low buy price, despite you are confident it would rise and chance of get back the old price is very slim.
for example, i brought wct at 1.30, then sold it at 1.50, then i bought it again at 1.30 when market correction, then sold it again 1.50. after that i went over 1.70. Then market correction, it went down again, my calculation was to buy it at 1.49 and sell it at 1.70. But bcos of the original 1.30 cursed, it prevented me to buy it at 1.49, so i missed a chance to TP again when it did down below 1.49 then up again above 1.70.
i bought tekseng at 0.40, gadang 1.30, wct 1.30, mmcorp 1.80, bjauto 1.80, cimb 1.80, ioipg 1.85 .........., The same cursed happend, but anyway, lucky that i have plenty of other stocks in watchlist, not short of stocks to buy at the moment.
- " Cursed of Buying Low "
Created by Hiu Chee Keong | Jul 12, 2017
Created by Hiu Chee Keong | May 10, 2017
Created by Hiu Chee Keong | Jan 10, 2017
ckwan11d, it is not about enough or not enough, it is just about the common symptoms that face by some investors.
2016-05-17 08:05
Not curse of buying low. More like curse of not holding long term. However, if short term works for you, by all means keep it up.
2016-05-17 11:06
ckwan11d
To a cobra, a huge porcupine would never be enough.
But to an industrious bee, floral pollen would just be suffice.
Do not curse if you are still making handsome capital gain.
'The World Is Not Enough' and it will never be enough.
2016-05-17 07:52