Sometime early this year, I exited on a business trust at $0.715.
Yup, after my sale, that share promptly went up to $0.74 before its slow meander down to near it's all time low of $0.55 today.
I remember being quite angry with myself. Giving myself a B- rating for this exit. I've left too much money on the table...
I don't set consequential goals like X% returns for the year - things I've very little control over. But I do set qualitative goals (fuzzy fuzzy kind) for my entries and exits - these are within my control.
I am into speculation craftsmanship - if I improve on my entries and exits, the returns will take care of themselves.
Guess what?
Upon reviewing the recent price drop, I think I might have been a tad too harsh on myself...
I now re-rate that B- rating to A- for that "lucky" divestment.
Something to share for those who have yet to experienced a 20% bear market in the STI; or a 50% hair-cut on their individual stock holdings to ponder upon.
Especially when you review your "SMART" investment/trading goals for 2015.
Regular readers will know I don't baby-sit readers. But I can give you 2 hints:
1) What's your definition of a competent investor/trader?
2) Describe your edge - you must have one for you to engage in DIY investing/trading!?
Singapore Man of Leisure (welcome to my blog; just google it!