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.
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Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $14.91M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $33.42K | 5.571M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 8921168 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 350000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 8921168 | 0.005 |
6 | 8100000 | 0.004 |
9 | 9803637 | 0.003 |
10 | 11311167 | 0.002 |
5 | 2428115 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 350000 | 2 |
0.007 | 3723936 | 8 |
0.008 | 4000000 | 1 |
0.009 | 180000 | 2 |
0.010 | 30000 | 1 |
Last trade - 11.29am 16/08/2024 (20 minute delay) ? |
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