Furthermore in my investing experience I learned a lesson - NEVER sell a stock that is still uptrending. Sell only when it is starting to downtrend and 1. You have made enough profit from it 2. You are not very optimistic on the ability of its future profits to inspire further uptrend 3. When you sell, you have other investment ideas to deploy your money. Sell off and place the money in FD/bank? No. If profit outlook is still good, just stay put and wait it out and enjoy the dividends in the meantime
You can never catch the bottom. Just be happy to buy NEAR the bottom.
You can never maximise your profit by trying to sell off at the peak, you won't know where is the peak until it starts to reverse. Let your profit run!
my only regret is i didn't liquidate my FD to buy more. If it drops back to 0.80 , I actually will be happier than if it hit 1.40 ... i know many will curse me here... But hey, we all know trading stocks is a selfish & arrogant game. :P
I recall the mood here was like really depressed, worried and concerned about MMC and thinking of cutting loss before 0.8. Wow big contrast now........
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Posted by Pinky > 2021-03-04 09:10 | Report Abuse
Just to add one more, no. 3:
Furthermore in my investing experience I learned a lesson - NEVER sell a stock that is still uptrending. Sell only when it is starting to downtrend and
1. You have made enough profit from it
2. You are not very optimistic on the ability of its future profits to inspire further uptrend
3. When you sell, you have other investment ideas to deploy your money. Sell off and place the money in FD/bank? No. If profit outlook is still good, just stay put and wait it out and enjoy the dividends in the meantime