This afternoon, I spent quite some time looking at stock prices “live” on my brokerage website. In particular, I was looking at the prices of the counters which I have invested. So why was I looking at the stock prices of these counters “live”? Well, it was due to the fact that quite a number of these stock counters were now trading above my cost, hence I was really looking at these stock prices, taking information into my head and deciding whether it is time to book out my profits.
I could tell you that it was not an easy decision to make, looking at these spot stock prices on one hand and on the other hand, considering whether to book profits before these stock prices go south. One needs to balance wisdom, judgement with emotions. I mean in today’s stock markets, stock prices go up and down, hence one ......