QUOTE(buddy @ Mar 3 2021, 02:52 PM)
Dear gurus, i think i m in trouble..need some advice
I m holding
TG 6.14
Supermx 6.06
Kossan 4.16
Comfort 2.73
Each counter 2000unit
What should i do? I dont need to cash out urgently..but is there still hope in gloves?
Tqtq
Me not guru. But I can give suggestions for you, as a fellow retail investor.I m holding
TG 6.14
Supermx 6.06
Kossan 4.16
Comfort 2.73
Each counter 2000unit
What should i do? I dont need to cash out urgently..but is there still hope in gloves?
Tqtq
1. How long do you think you can hold? Some people can hold long term, like years without being triggered by share price to buy or sell. My aunt held Parkson from RM4 until now. She also held DutchLady from RM10+ until now. Real diamond hands. Some prefer short-term trading like most of us here. If you don't urgently need the money, you can hold for years without cut loss until it hopefully recovers. eg. KESM few years ago RM15 now almost recover.
2. Can you switch to other stocks that you are very, very confident will give you a higher return? eg if think other stocks can give you 40% but your current stocks only may give 20%, then consider cut loss & switch.
3. Diversification. Holding 4 stocks from same sector is a double-edged sword. Perhaps reduce your exposure to gloves? But finding the perfect price to sell is hard.
Which will you regret more?
If gloves up 10% nxt week, will you regret selling now?
Or gloves down 10%, will you regret more for not cutting loss?
It really depends on your preference & risk tolerance.
Mar 3 2021, 03:10 PM

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