This is why the market is hard , the % down on the investment is affecting your emotions and you simply can't make a rational decision , happened plenty of times myself but I've learnt along the way.
Story telling time:
I've been in the markets ~3 years now figuring it all out on my own. This was one of the first specs I had bought and was very fresh into the game.
That company was RAP, did my research , saw the potential among other things and My price target was 50 cents. I had an average entry of 6.6 cents ( bought from 2.8 cents to 9 cents )
I was ecstatic, it had run to 13.5 cents within a week or so of my lucky timing.
I was up 50 k within a week.
The following week people obviously started taking profits and it was on a heavy decline, my 50k profit went down to 40k , then 30 k, then 20k and then when I was only up roughly 15k I sold , I was terrified.
In that moment I sold with a slight profit( relative to what could of had )
I had forgotten all my research , notes , and price targets , my emotions got control and I felt doomed , I had to sell!!!
once I had sold the stock ran 50 cents and I felt stupid .
I learnt an important lesson that day , detach my ego from my investment and back my research and convictions.
I see this as no different from KPO , solid fundamentals and I'm not selling until the true value is realised , delays suck but I couldn't really care !
Stay strong gentlemen.
- Forums
- ASX - By Stock
- KPO
- Start your engines
Start your engines, page-18
-
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KPO (ASX) to my watchlist
|
|||||
Last
1.0¢ |
Change
0.001(5.56%) |
Mkt cap ! $23.62M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $3.547K | 373.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 8513270 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 647959 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 8513270 | 0.009 |
9 | 6312386 | 0.008 |
3 | 1475000 | 0.007 |
5 | 3900000 | 0.006 |
4 | 1759000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 647959 | 4 |
0.011 | 3524595 | 2 |
0.012 | 98588 | 1 |
0.013 | 20500 | 1 |
0.014 | 150000 | 1 |
Last trade - 15.18pm 11/09/2024 (20 minute delay) ? |
Featured News
KPO (ASX) Chart |