Checking in.

I've sold all my stocks today, except for some free warrants which I'll keep.

Now I can rest .... started having difficulty sleeping a couple of nights back, with all the side effects. That's when I realise it's time to cut loss.

This is the first time I made substantial losses in investment of any kind. Hope it'll be the last time.

It's a good time to be in cash. Bring on the Global Recession!

The stock that I dumped just now .... it's a favourite of at least 3 forumers here, and at least 3 others in investlah.

I've a nagging suspicion that at least one of them bought from me

In which case, congrats to you bro. You made considerable $ from me. But you bought a "value trap" from me .... I'm surprised that 6 seasoned investors and traders fail to realise that the company has an Achilles' Heel that could prove very painful in a prolonged recession or even just slowdown.

But its long term prospects is excellent, which is why I still keep the warrants.

Nope. Can't name the stock lah, after I criticise it. As I still hold the warrants

Bursa is considered expensive compared to other stock exchanges .... that's one reason.

And there's uncertainty about GE13 results.

Rebound or not, I'm glad I sold.

I will

This post has been edited by Veda: Sep 26 2011, 07:12 PM

Since I'm the only one so far who posted about cutting loss in this new thread, are you saying I'm a newbie and not steady?


Haha, just joking. I'm not offended

But FYI, cutting loss can be a smart thing. Even before August, I'm already more cash than stocks. Cutting loss my remaining stocks, painfully though it is, is a strategic move to free up money to buy better stocks at cheaper prices later on. Nothing panicky about it, although I do lose sleep last 2 days. Of course, the market could rebound tomorrow and go up non-stop until 2000..... who knows? I made a calculated move and it could either back-fire or reap me great rewards.

Other people have their own strategy. There is no right or wrong - there are many ways to make money.

Yup, I'm still learning too.

Well, I'm considerably younger than 40, so I'll refine my strategy as I learn from experience and mistakes.

As for "that" share, it's in your target list ....... so you might have bought it

But I started to appreciate TA more and more as this "crisis" unfolded. Until early this year, I'm 100% FA only.

I'm glad I sold earlier. My disposed stock didn't rebound much this couple of days.

I know a senior office mate who is sitting on RM100k in paper losses ..... he still can't decide whether to sell into rally or hold on


Lastly, this video has been making the rounds in the internet. I liked the guy's statement so much I put it in my siggy.
http://www.youtube.com/watch?v=7v9L-t3gxzQ

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Added on September 28, 2011, 10:20 pmEverybody who's been in the market for a while would have experienced missed opportunities (ok, maybe except Sam ). What for cry? Move on.

This post has been edited by Veda: Sep 28 2011, 10:20 PM

I'm not at all fearful. As I've sold all my stocks, I now share that trader's sentiments

But thanks for the song recommendation.

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Added on September 29, 2011, 7:04 amYou may be right since Dow closed - 179 pts. The folks at another stock forum already screaming : "Dieeeeeeeeeeeeee!"

This post has been edited by Veda: Sep 29 2011, 07:09 AM