KLSE (MYR): GTRONIC (7022)
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Last Price
1.28
Today's Change
+0.03 (2.40%)
Day's Change
1.25 - 1.28
Trading Volume
2,899,800
2024-05-15
2024-05-14
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2024-05-14
2024-05-10
2024-05-10
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2024-05-10
DividendGuy67
859 posts
Posted by DividendGuy67 > 2023-07-18 11:52 | Report Abuse
The question of whether to sell or not sell is a very interesting and very important topic.
My best advice is keep track of your own sales performance. Note the date and price of selling and monitor what would happen for at least 1 year after sale, to see if overall, you are better off not selling or selling.
My own past observations points to me these strong personal conclusions:
1. If markets remain in a sideways range / bearish mode, then, almost always, my sale generates value i.e. I am typically able to buy back at a lower price, i.e. trading adds a little bit/some value.
2. If markets shoots up strongly, then, my sale creates negative value, because the opportunity cost is typically greater, as price can shoot up higher than what anyone can expect - some cases are like this.
My experience is that 1. happens more often in recent years and 2. occurs rarely. Nevertheless, when 2 occurs, the opportunity cost, when measured against peak price can be quite large. The problem for me though is that I could never pick the peak price.
But the benefit of 1. is that it gives me a more stable result. Given my modest objective, which is to beat EPF returns, selling a bit too early meets my objective.
However, some of you may have more aggressive objective, in which case, you may consider to look for the big win later.