Monday, November 1, 2010

2 successful picks

I picked 2 stocks, i.e. KimLun (last Friday) & Tasco (today) and both have appreciated by 10% & more. The most important lessons in share trading is ability to cut-loss & desire to take-profit. I learnt my lessons too well & got burnt heavily 7 months ago. The arrogant of not cutting-lost resulted in heavier losses. No strategies are really workable in these situations as shares start to go downhill. If average down strategy is taken, we would have to fork out more funds to hold onto the particular share. This is not desirable especially in time of these economic uncertainties. Failure to take profit is also no-no as whatever you have gain in the share advancement is only in our fantasy or our dream only. And if any untoward incidents should occur, causing shares to go south, then it is really chialak.

No comments:

Post a Comment