| 16:XX:XX | 0.0150 | XX,XXX | Sold To Buyer |
3 hours ago
Thursday, 2 June 2011
Final sold the rights for healthway and use it to buy toto
The feeling to cut a bit of tumor is good....but the rest of tumor I still NATOing...which is bad.
7 comments:
Hi OT,
I dun see why you have such a big problem cutting losses, especially when you see the good of it. Perhaps internally, you haven't register that the paper losses are really losses and there's always a sliver of hope that it can turn around.
Cutting losses is like training muscles - the more you do so, the better you'll be able to do it next time.
Hey OT,
I hope you'll find a resolution to this healthway thing of yours. jia you! :)
Hi LP,
The XXXX loss is reaching XX,XXX soon. Perhaps this is first time that I am seeing such loss. Hence I hesitated. Maybe you are right, I still waiting for that silver hope.
Hi Issac,
Thanks. I hope that I can find it soon.
Hi OT,
This is the last time I'm going to talk about this topic with you. The problem with you is not about lack of knowledge but lack of action on cutting losses.
Well, I think what you should really do is to figure out first of all if you want to sell it out. Check the fundamentals again, is it going to do well? I can tell you the TA isn't looking fantastic at all. Figure out what exactly you want to do with this. Cut it totally? Reduce? Hold? What exactly do you want to do?
Next, figure out a course of action. If you want to reduce or cut, where are you gng to do it at? Perhaps when it retrace?
Once you've figured out already, then act on it and don't look back. I told you in the cbox that not doing anything is also an action. Don't be like me and lose a big fortune on longcheer, keep on delaying my cut losses until it becomes so big that I got depressed for a few months due to the huge amt of losses chalked up.
The good thing is that after I sold, I switched to other counters and recovered a fair bit back. I'm still losing money because of a few silly mistakes that I did in the past. Why? Inaction or rather indecision to act.
I'm not the only one telling you to act. No matter what, you're still the one to make the decision. You're the one who's gng to pull the trigger, so you better decide fast. Hold or cut or reduce? If you have no plans, then the market will plan it for you, which may not turn out to be in your best interest.
Gd luck!
Hi LP,
Thanks for pushing me to do decision. After one night of pondering, I decided to sell half if rebound but need to see how it goes before I know what price to sell.
Few reasons which prompt me to sell.
(1) poor fundamental etc -ve cashflow from ops
(2) downtrend chart
(3) over heavy in my portfolio
(4) cause me lose sleep in night
Hi OT83,
How did you decide to buy Healthway in the first place? You must examine if the criteria are still sound. If not, then you should beat a hasty retreat. If you bought it for trading, then my advice is that you should have a very strict cut loss.
Was quite shocked to know your losses are reaching 5-digit. It will definitely make you lose sleep at night. Perhaps you can learn a lot from this mistake to see how you can improve your investing or trading in future. Don't see it as a totally bad thing (though yes you will feel dreadful for a while); be positive and gain some knowledge from it!
All the best!
Regards,
Musicwhiz
Hi mw,
When i bought hw, i was blindly following peter and analyst with no undetstanding of fa or ta. when the losses started to grow, i lack the discipline to cut loss.
it was a mistake and i learn a lot from it. Will not make suchmistakes again.
:)
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