My biggest Weakness - selling too early

hunter · 1 My biggest Weakness - selling too early Fri Jul 29, 2011 11:11 am

hunter

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I have a big weakness that I sell shares too early.
Mostly my shares are sold just before that steep hike comes. I've been trying may ways but no satisfied results yet.

Do you guys have the same problem ? How would you overcome this ?

wallstreetguy · 2 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 11:35 am

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you are not alone Smile

ashlee · 3 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 11:45 am

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All of us experience it.. Sometimes we think 'Damn, why did I sell it?' when we see the share going up after we sell.. But if you manage to sell a share before it dips, the feeling is totally contrastive to the former.. What we need to learn is that we can not determine the exact exit point or the entry point of a share... Buying or selling in small quantities can be a solution depending on the market condition..

UKboy · 4 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 11:46 am

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hunter wrote:I have a big weakness that I sell shares too early.
Mostly my shares are sold just before that steep hike comes. I've been trying may ways but no satisfied results yet.

Do you guys have the same problem ? How would you overcome this ?

no one in this world can constantly sell shares right at top. As long as you get what you needed from a counter, you should just sell and temporarily forget it.

san1985 · 5 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 11:53 am

san1985

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Same with me buddy....

Exactly the same problem...

Had a big chunk of PAP at 3.80s..Sold at 4.2 just before big bull run..

This is only the most recent one to mention, had so many scenarios like that..

Aamiable · 6 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 11:59 am

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hunter wrote:I have a big weakness that I sell shares too early.
Mostly my shares are sold just before that steep hike comes. I've been trying may ways but no satisfied results yet.

Do you guys have the same problem ? How would you overcome this ?

anyway it is too early, still they are red in PF... having passed previous levels and when they start declining for the second time ....

FXX · 7 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 12:28 pm

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same here :S sold TAFL for 120

kiwi · 8 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 12:34 pm

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The best way I have to avoid regrets is to decide what my profit expectation is and how long I plan to hold the shares, before I buy them. I also decide what is the maximum loss I am prepared to take on them. That way both by stop loss number and exit is decided before I start. That takes away the emotion of both hope and despair out of the equation. Its a bit like a robotic approach, but it certainly eliminates feeling of "I sold too early" or "I am holding on to a falling rock". This is for those shares that I buy to trade over a 3 to 12 month time frame.

Gaja · 9 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 12:38 pm

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UKboy wrote:

hunter wrote:I have a big weakness that I sell shares too early.
Mostly my shares are sold just before that steep hike comes. I've been trying may ways but no satisfied results yet.

Do you guys have the same problem ? How would you overcome this ?

no one in this world can constantly sell shares right at top. As long as you get what you needed from a counter, you should just sell and temporarily forget it.

I agree with you, i always used to buy with the predetermine exist price ( expected returns or maximum loss ), once it touched i execute the transactions and never worry about after that, because of you think about it then you can't concentrate on others. I bought 1,000 CDIC at 165/= with the intention of getting 225/= with in a year, and with in 6 moths it touched 225/= and disposed and with in 2 weeks after that it even touched 707/=

ha_na · 10 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 12:48 pm

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hunter wrote:I have a big weakness that I sell shares too early.
Mostly my shares are sold just before that steep hike comes. I've been trying may ways but no satisfied results yet.

Do you guys have the same problem ? How would you overcome this ?

I'll tell you a secret if you follow,

always have a profit target. If that fulfilled that's all. You have to know what you are expecting from the market BEFORE enter in to it. If that target fulfilled you have to be happy go to another trade. you know your salary end of the month like that you have to know your target at end of the month. Even today I don't have massive profit but my target covered even on dose gloomy month. professionals are people who consistently profiting from the market unlike armature who jump into runaway move and wash away from it.

i think most will burn there fingers in coming days. How comes such a massive market surge sustain after immediately after sever depression.

MarketResearch · 11 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 1:02 pm

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In medicine It called "Early Motion" Before get the treatment before marriage.

hunter · 12 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 1:46 pm

hunter

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Thanks everyone for your helpful comments.

'UKboy', You're correct. Worrying about past won't help. As 'Gaja' says it can distract and lead to more mistakes and loose other opportunities.

'ashlee', I am also trying to buy and sell in small quantities which sometimes work.

Damn it! 'kiwi' , 'Gaja' , 'ha_na' , I always wanted to have a predetermined exit price; it's a shame I always forget it. Thanks a lot for reminding me this.

I'd like to put down my 3-tier strategy based on your valuable comments below.

1. Always have predetermined exit and stop loss range before buying.
2. Buy and sell in multiple - small quantities.
3. After selling, forget the past and start afresh.

and last but not least, 'MarketResearch', I choose your one as the worst comment. Laughing

MarketResearch · 13 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 1:53 pm

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hunter wrote:Thanks everyone for your helpful comments.

'UKboy', You're correct. Worrying about past won't help. As 'Gaja' says it can distract and lead to more mistakes and loose other opportunities.

'ashlee', I am also trying to buy and sell in small quantities which sometimes work.

Damn it! 'kiwi' , 'Gaja' , 'ha_na' , I always wanted to have a predetermined exit price; it's a shame I always forget it. Thanks a lot for reminding me this.

I'd like to put down my 3-tier strategy based on your valuable comments below.

1. Always have predetermined exit and stop loss range before buying.
2. Buy and sell in multiple small quantities.
3. After selling forget the past and start afresh.

and last but not least, 'MarketResearch', I choose your one as the worst comment.

Hunter, It a joke.
Machan, I believe that you have had bad experience keeping the stocks without selling at the peak.Therefore you always try to sell them out at a small margin of profit.
It is not a weakness but you must identify the exit point.At the present market condition even expert can not identify the correct exit point.My strategy is buy in middle and sell them middle.We can not buy at the bottom and sell them at the peak.(Medin Gahala Medin Paninna)

RDS · 14 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 3:29 pm

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If u have insider information or if u are the main manipulator of these shares, you can get exact entry & exit point. it also depend on market behavior.
Ex:
GRAN/TAFL 80~146 = 66 82% price gain.
Who the hell not satisfy with that kind of profit.
don't worry if u have sold around 120 levels, its massive profit.

Do not continuously monitor share trading, more mistake you do while watching that, you can't control yr feelings.
better to have prior plan & don't do any other thing what happened in trading session.

Chinwi · 15 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 4:04 pm

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Hunter,

I do not know "exit point' method. ( I m not telling it is wrong)
With the experience, you will develop 6th sense. What I am explaining is is somewhat similar to Exit Point. It has no pre-determined price but have a pre-determined value.

When you buy a share - in considerable quantities - you have to have confidence about its value. Not the market value, but the real value as the owner of that company.

For that, you have to know its inside information !
Not by illegal means but by studying its business, competitors and going through the financial reports. You buy the share because you found it is worth due to its current activities and future potential. You can have rough idea about its future earnings for next few qtrs. and general understanding about the future pricing possibilities.

Then even it goes up or down in day to day trading you do not get much influence (to trigger selling/buying) until it reach towards the valuation in your mind or in your subconscious mind.

I may give you an example.
CFVF was trading around 9/- in 2009. When I went through its report I saw they have heavily invested in TBs at high return rate prevailed at that time 20% . Then it was easy to get an idea about near future earnings. No much buying , I decided to collect it , gradually.

Suddenly in few weeks it rose to 20 - 23. people were selling in huge quantities. With over 100% gain, now you should get the profit. Instead of selling I was buying @ even 23/-. After 3-4 months it reached 60 -70 . Then I started selling. Because that was its real value formed in my mind. If I did not know the real value by studying the business I wd'hv loss millions of profit I got. Weeks after selling, one of my friends teased me that a name similar to mine was in the 20 holders list in their last qtr report. Smile

. I didn't tell anyone, that was me!.

Note: 1. CFVF made a split 1 to 3 thereafter.
2. having said all above , I should say it is really difficult to decide anything in the current market.
3. when I buy few number of shares I do not care much about these valuations.
4. Now we can think about the people who dumped some gems like gadol keta last few days.

udeni · 16 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 4:14 pm

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We always remember when we have sold too early but we hardly remember or think how lucky we were when we have sold before a dip.

Rocky · 17 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 5:12 pm

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Chinwi wrote:Hunter,

Note: 1. CFVF made a split 1 to 3 thereafter.
2. having said all above , I should say it is really difficult to decide anything in the current market.
3. when I buy few number of shares I do not care much about these valuations.
4. Now we can think about the people who dumped some gems like gadol keta last few days.

Agree with Chinwi all the way + he missed that not all investors have the waiting ability quality!

a_randy · 18 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 5:57 pm

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MarketResearch wrote:In medicine It called "Early Motion" Before get the treatment before marriage.

econ · 19 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 6:00 pm

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I do not think anyone can 100% identify the so called exit point. even if you exit in one share you might stuck with other share. so it is very difficult

Rocky · 20 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 6:12 pm

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econ wrote:I do not think anyone can 100% identify the so called exit point. even if you exit in one share you might stuck with other share. so it is very difficult

Agree wholly, Econ. That's why so many times experienced investors on this Forum mentioned that one must have few (10-15) shares only so the exit can be less painful.

Last edited by Rocky on Fri Jul 29, 2011 6:13 pm; edited 1 time in total (Reason for editing : missed a word.)

xhora · 21 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 7:46 pm

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san1985 wrote:Same with me buddy....

Exactly the same problem...

Had a big chunk of PAP at 3.80s..Sold at 4.2 just before big bull run..

Monawa? I did the same thing :O

san1985 · 22 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 7:48 pm

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xhora wrote:

san1985 wrote:Same with me buddy....

Exactly the same problem...

Had a big chunk of PAP at 3.80s..Sold at 4.2 just before big bull run..

Monawa? I did the same thing :O

sorry dot com....

rijayasooriya · 23 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 8:52 pm

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MarketResearch wrote:(Medin Gahala Medin Paninna)

Macho Medin gahala Udin paninna bari weida? Wink

RDS · 24 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 9:31 pm

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econ wrote:I do not think anyone can 100% identify the so called exit point. even if you exit in one share you might stuck with other share. so it is very difficult

Dead right, i too had same experience, once exit it is difficult to away from buying another. sometime exit for buy another share. but it had ate the massive profit of previous share.

ShareShares · 25 Re: My biggest Weakness - selling too early Sat Jul 30, 2011 5:15 am

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Still in the recovering mood, upward trend may go on for some time.

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My biggest Weakness - selling too early

1 My biggest Weakness - selling too early Fri Jul 29, 2011 11:11 am

hunter

2 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 11:35 am

wallstreetguy

3 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 11:45 am

ashlee

4 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 11:46 am

UKboy

5 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 11:53 am

san1985

6 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 11:59 am

Aamiable

7 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 12:28 pm

FXX

8 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 12:34 pm

kiwi

9 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 12:38 pm

Gaja

10 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 12:48 pm

ha_na

11 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 1:02 pm

MarketResearch

12 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 1:46 pm

hunter

13 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 1:53 pm

MarketResearch

14 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 3:29 pm

RDS

15 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 4:04 pm

Chinwi

16 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 4:14 pm

udeni

17 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 5:12 pm

Rocky

18 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 5:57 pm

a_randy

19 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 6:00 pm

econ

20 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 6:12 pm

Rocky

21 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 7:46 pm

xhora

22 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 7:48 pm

san1985

23 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 8:52 pm

rijayasooriya

24 Re: My biggest Weakness - selling too early Fri Jul 29, 2011 9:31 pm

RDS

25 Re: My biggest Weakness - selling too early Sat Jul 30, 2011 5:15 am

ShareShares

26 Re: My biggest Weakness - selling too early

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