A lot more to learn
Despite reading up on the topic of stocks for the past 2 years, I realise I am not any better than the average man on the street.
I've read up topics relating to both fundamental and technical analysis. I must say that my approach is a pretty common one - research everything I can find about the company and when the time comes for me to buy, I attempt to be a part-time technician.
My first buy into the stock market took me 3 months before I sold off at a profit of about $200. That was when I learnt what a "laggard" was.
Subsequent tries saw some profits as well but it was also over a relatively long time span. It hardly qualifies as speculation!
Just two days ago, I had the chance to let go of a stock at a premium price. However, I stopped short of executing the trade. Now the stock is down by 6% with a possibility of slipping lower when the SGX opens in the morning. I lost the chance of locking in the returns yet again.
Simply put, I have no idea when is the optimism overflowing and what should be the right price to let go. I don't think I should set myself some arbitrary targets since it's groundless and I may be cutting the flowers prematurely.
Has anyone a good idea on how to tackle the problem?
I've read up topics relating to both fundamental and technical analysis. I must say that my approach is a pretty common one - research everything I can find about the company and when the time comes for me to buy, I attempt to be a part-time technician.
My first buy into the stock market took me 3 months before I sold off at a profit of about $200. That was when I learnt what a "laggard" was.
Subsequent tries saw some profits as well but it was also over a relatively long time span. It hardly qualifies as speculation!
Just two days ago, I had the chance to let go of a stock at a premium price. However, I stopped short of executing the trade. Now the stock is down by 6% with a possibility of slipping lower when the SGX opens in the morning. I lost the chance of locking in the returns yet again.
Simply put, I have no idea when is the optimism overflowing and what should be the right price to let go. I don't think I should set myself some arbitrary targets since it's groundless and I may be cutting the flowers prematurely.
Has anyone a good idea on how to tackle the problem?
Labels: Self Analysis, Stocks
posted by thelonetraveller at
1:40 am
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