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I give myself a re-rating on an exit
By Singapore Man of Leisure  •  August 20, 2015
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!
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By Singapore Man of Leisure
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