I cut loss on Capitaland and CapMallsAsia this week. Capitaland at 2.82, CMA at 1.53.
I am not disappointed with myself for losing money; what really irked me was my lack of a cut loss plan.
Trading with limited capital; you have to take losses quickly and enter trades only when risk reward ratio is good. (i.e., buying at support, cutting immediately when it's breached, having a reasonable profit target).
I learnt two important lessons from these two trades.
Start off with CMA.
CMA was a short term trade. I bought it, hoping to make a quick profit in the short run.
Bought close to support, 1.71, and support was at 1.68 at that time. Didn't cut until all the way till CMA breached it's 52-week low.
My earlier (losing) trades on Wilmar and NOL this yr, I cut loss 10c off and 2c ......