I think the most important factor we sell our share "too early" is because we are scared that correction of share price will happen and we lose out the "seemingly" satisfactory profit margin..I think as long as the share price is still undervalued, eg PE is still low, growth potential is great etc we should hold on to the share. Of course in some circumstances it's easy to say than done.
fishbone, u r right. we hv to fight with ourself to overcome negative influnces. our emotion affect our decision making which sometimes went wrong. hold while it is still hv potential
patience is important, but in your example your biggest biggest biggest biggest biggest biggest mistake is '那时看是连森美兰皇室成员持股的公司,应该会上的' <- what is this? even if you hold and make 100% profit, that doesn't make you a better investor because you have no idea what/why are you buying. You will just be lucky (in this case you are unlucky). Your luck can run out really fast, your skills will not. Practice your picking skills, read more books, think and improve your knowledge. Don't buy because you HOPE it will go up.
I bought SKPRES last year at average $0.339, I sold it recently at $0.615. 81% gain in 10 months. You know why I sell it? I realized I made a mistake, i shouldn't have bought SKPRES. Except having plenty of cash and no debts, I have no idea how the business will perform in the future, because SKPES never talks about their business in their annual report, besides reporting revenue/profit going up or down. I am just lucky. But I feel embarrassing, it is a bad mistake.
dragonfruits, yes. must use cash to buy n hold. dont contra. even want to contra also must use cash account. margin account do help me earn some while contra, but it will take back at a later time.
In my opinion, either trading, speculating, technical investing or value/ fundamental investing, all need Luck besides special skills, knowhow, experience and patient. In order to be an outstanding player, Luck is still the most important factor.
JT Yeo,during that time, i didnt realise about d importance of fundamental, just with a hope that it will get china project n price will go up. i learn from my mistakes. thanks for your precious advices.
I know some players in Hong Kong, they really take advice from FengShui master as one of the factor before making decision. What a brilliant idea, I would consider, thks Dragon.
FA helps u to choose the right stocks for investment n TA assist u to time your trades. Forget about the stock market for good if u failed to score gains in the bull run market.
sometime,just follow old uncle style buy share,,buy what we see,know&use daily..i stay at kajang,everyday see muda paper mill,mkh&shl property,silk highway..look at mkh,silk hld,muda hld,shl,since early this year til now,how many% increase.
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....
fishbone
120 posts
Posted by fishbone > 2014-07-27 00:50 | Report Abuse
I think the most important factor we sell our share "too early" is because we are scared that correction of share price will happen and we lose out the "seemingly" satisfactory profit margin..I think as long as the share price is still undervalued, eg PE is still low, growth potential is great etc we should hold on to the share. Of course in some circumstances it's easy to say than done.