QUOTE(watabakiu @ Nov 18 2024, 09:48 PM)
I am curious, how very determined are you in holding stocks in a particular counter? Made a mistake of buying into a stock, priced at 0.04 It's been months and it never moved up a tick! It hovers around at 0.04 or moved down to 0.035
I don't need the money, but I do feel it is wasteful to hold on to it, but at the same time I will lose money if I sell it at the buying price. At least, I'll be losing on the buy/sell fees.
QUOTE(statikinetic @ Nov 23 2024, 09:42 AM)
If it is a bad investment, my principle is to cut.
If you are waiting for a bad investment to become good, this short term feels good because you never recognize the loss but long term unlikely to yield profits.
Unless you want to make it through your investment life never losing money on any investment.
It is also about opportunity cost. If you wait another year hoping it'll go up, might as well go for at least bonds and get a year's interest.
But of course, KLSE rules apply when you sell.
When you sell, stock always goes up up up.
I should've heed your advice. Now my investment has gone from bad to worse, as the company is now listed in PN17

Let me just continue parking it there, and see if the company can get itself out of it. Else I'll take it as my learning cost lor