Warning: I am a beginner. So this may sound trivial.
On Tue 16 Sept 14, I brought 196 shares @ $10.18. It was my 6th share I have ever brought. I was caught up in the hype that Internet stocks like CAR, REA and SEK were the hot stocks but unfortunately they was 2012/2013 stories. So I waited for a dip in CAR because it "looked" the cheapest.
For much of 2015, CAR hovered below my purchase price and I didn't top up due to lack of funds. I thought CAR would be a long term hold. I watched a Roger Montgomery video blog early 2014 where he said that he thinks that CAR will be around $30 in about 10 years. (Sorry, I can't find it.) Why I listened?? I guessed I was uneducated. I guessed I suffered from FOMO. There were many very favourable reports of CAR by various commentors.
What made me changed my mind about CAR is that I realised I missed the boat. I brought at the wrong time when I should have brought in 2012/2013 (I wasn't looking at shares back then). I felt very impatient with CAR sideward movements. Then I realised that I did not studied its financial report properly. Its debt level is too high for my liking. Now I want some money for other shares I want to buy in the near future.
So today I sold 196 shares @ $11.75. Only a 15% profit but the actual amount of money I made is even more embarrassing. I have a very low income, so I am grateful for any profit.
As this is my first sale, CAR could obviously rocket up the day after I sell. I could be kicking myself for changing my mind into thinking that CAR isn't a long term hold. Obviously all of the experienced investor could tell me that I made a big mistake.
I feel relieved that I sold a stock that I change my mind about at a very small profit instead of a loss.
Please provide constructive feedback as I am learning.
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Last
$37.58 |
Change
0.130(0.35%) |
Mkt cap ! $14.18B |
Open | High | Low | Value | Volume |
$37.40 | $37.77 | $37.19 | $19.47M | 518.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3790 | $37.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$37.65 | 2014 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3790 | 37.570 |
3 | 3386 | 37.560 |
1 | 809 | 37.550 |
1 | 2799 | 37.530 |
2 | 1943 | 37.520 |
Price($) | Vol. | No. |
---|---|---|
37.650 | 2014 | 1 |
37.750 | 2799 | 2 |
37.770 | 587 | 2 |
37.790 | 2799 | 1 |
37.820 | 2799 | 1 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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