5/8/2014
Another lesson I learned in trading is learning how to get over with the previously sold stock and move on…
The very first stock that i sold was NIKL. I bought it at 25.2 and it continuously went down for the next couple of days. After a week, it finally went up to 25.5 and I hurriedly sold it because I was afraid that it might go down again. Upon checking my ledger, I was happy to find out that I did not lose on that trade. But I didn’t earn big either.. In fact I only earned P27 net. And this is what I considered as my first ever salary in my ‘stock market job’. Not bad right? But not so good either…
After selling it for 25.5, the price of NIKL went higher in the next couple of hours and even up to this day. It’s now averaging at 25.8
And this is when greed makes me feel guilty of being excited to sell early. it makes me feel bad of course because when i compute, my earnings would have been much higher if i sold it later. greeeeeeeed again…
Lesson learned: It’s ok to check for the current price of a previously sold stock but make sure you won’t feel any regret or disappointment. It’s ok to compute for the difference in profits had you sold it with the higher price. But try not to compute for it more than twice because it’s gonna drive you crazy… (sayang, sayang, sayang… ) If u do, again.. greed will come into place.. Remember, that’s our number one enemy.. And that’s what we’re trying to stay away from…
UPDATE:
As of July 24 this year, NIKL’s current price is 35.7
I bet you guessed what I’m thinking right now… SAYANG! 🙂