My money woe is back again!! Sigh!! Always more bill to pay and etc. I’m pissed off at myself for not listening to my own voice when I made the decision not to sell the shares. My guts feeling was telling me that I should catch out to earn the profit 1st, but instead I listened to my private banker suggestion to hold on to it. She said the analysts report said the stock will goes up further. Actually, it wasn’t the 1st time she tried to convince me to hold on to the stock. She kept telling me that it is my last batch hence I should maximise my profit. But the stock had been on a bull run for 4-5 weeks and I felt that the moment would have to take a break soon. But she kept convincing me that I should. She kept arguing that if I sold off now I might not be able to buy it back at a lower price. I listened to her and that was the most wrong decision I had made because now the stock has dropped more than 20% from the last high and instead of making money, I’m losing money on paper. Plus I couldn’t buy it back at a cheaper price so double losses.
If I had sold it earlier, I would had made at least RM17k, which is good money for me as I need the cash to pay bills without having to use my own saving. But because I didn’t listen to myself hence I lost the opportunity. I’m not blaming my private banker as that wouldn’t be fair as it was my decision not to sell. But I did wished she didn’t kept insisting I hold on to the stock longer. Ultimately it was my decision, but it was because of her constant reminder not to sell that partially influenced my final decision not to sell. I regretted it because I could really used the money and also had the opportunity to make a 2nd round or 3rd round. Anyway, an expensive lesson learned. I will not listen to her anymore, but rather to myself. Then I have no one to point the finger too, but myself. Now I can still assigned partial blame to her if I wanted to, but of course I didn’t. I was just being upset and frustrated with myself especially when there are so many things I have to pay!!! 😢😢😢
I also regretted selling another stock in US that I bought about 3 weeks ago at 1 of the lower end of the stock price and I sold it at a decent profit, at least what I thought. I had monitored the stock price for awhile and saw the pattern there. But on the night when I sold it, there was a big surged in the stock price and I read the news that the company had a bumpy performance. Hence the price surged so much – 12% to 13%. My gut feeling told me the price will continue to surge and I should hold on to it. But because the past pattern showed the trading price between the range of $10.10 to $11, I told myself don’t be greedy. It could just be a knee-jerk reaction to the good results the company just announced. I was happy to cash out and made about 10% profit within 2 weeks of holding the stock.
And boy of boy….big mistake again!! The stock is trading at $14.26 as of closing yesterday! I placed order to buy in at 13.80, but didn’t get it. I’m thinking of trying my luck again, but this time I can’t buy the same number of shares as the purchase price is almost 40% more. If I hold on to it, I would had made another 30% more. Another big mistake!! I really should had listened to my guts feeling! Haha 😄😄
If both time I had listened to my guts feeling I would had made RM30k this month from the stocks and it would have provided me a good relief in my cash flow!! Yesterday I queued to buy back the stock but didn’t match. Again, I regretted not buying at market price because if I did today I would have made some profit. I’m very scared to buy at a high price as I don’t want to be stuck again. 2x this month I missed the opportunities to make good profit. I did made some profit, but it was too little. Anyway, little profit is definitely better than zero!! So I should stop complaining!! Haha.