My trading

My 'Cursed of Buying Low'

Hiu Chee Keong
Publish date: Tue, 17 May 2016, 06:27 AM
Some of my trading

"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 "

Discussions
1 person likes this. Showing 4 of 4 comments

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

Hiu Chee Keong

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

ckwan11d

I am sorry. I miscomprehended you.

2016-05-17 08:09

shinado

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

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