Cut loss is a painful act but sometimes having small pain to escape bigger pain . .......... can our market improve next week , will there be a mini cny rally this round or the market will get even worst , so to cut loss now or to expect for better next week , this is the game of share market .
Although it pain but always work. Early of this month i loor rm200 hn Perisai but i luckycoz if i not cut loss may be today (30 jan 13) i will lost more than rm1k. During i decide to cut loss- i feel frurtrated,useless,sad and depress. But i need to take it. May be next week if 'good feel factor' come in our market- i have money to buy it again at lower price..
I read one article & it says "dont fall in love with any counters, After playing or being played, just dump it & look for new one",,hahaha,, all investors here are playboys,,
I made a huge lost in Takaso, 38% bcos i was deeply inlove consequently i got to pay heavy price. Now i m a cold blooded guy who gets used to cut loss ...
Last time it took me about 6mths to practice real trade and do cut loss to change my mindset! Now cut loss to me is like drinking water.. fast and furious one... no feeling one... :D
I know those still incur losses has very hard to key in sell cos sth sth there stuck at ur heart and mind that won't let you do it... cos why? maybe u sayang the stock or you still cannot admit you already loss the game and maybe you hope the day will come again.... hehehehe
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Ram Cheong
450 posts
Posted by Ram Cheong > 2013-01-31 14:40 | Report Abuse
Cut loss is a painful act but sometimes having small pain to escape bigger pain . .......... can our market improve next week , will there be a mini cny rally this round or the market will get even worst , so to cut loss now or to expect for better next week , this is the game of share market .