I sold REEF N half of quantity (2800 Shares) @ 21 price for reduce d risk like as u mentioned but its loss, actually i need to sell my all my shares in minimizing loss and say bye to share market,like dis place not suitable for me i had profit 2011-2012 but current situation is so sad any way thanx for ur support brother
As I said before, Reef will go up and may break 25 even, but it needs months or perhaps a year. So you can sell the rest in profit. You know sometimes, to save a patient who had sever risky life threatening wounds, doctors cut away some parts of the body to save the life of the patient.
As same as here, we have to accept a minimum loose to protect our majority money. Everyone, make losses in stock market time to time, even most experienced veteran traders too. Bcz, anything can be possible at stock market, that's its nature, we have to adapt to it, unless we cannot survive.
So, don't worry bro... be patience and wait.
Sometimes in our lives it doesn't work as our dedication and commitment, perhaps it need a time. Once, Abdul Kalm says, "the meaning of the word FAIL, its F
earning". I also, had losses when I was fresh at CSE. After, that sever losses, I didn't get out of CSE, instead I stop trading and I started to study from my own mistakes about stocks and other financial market, how to evaluate, in fundamentally and technically etc.
And, I studied more than two years, and I still studying. And it was so hard, I had no one to ask, no one to clarify... but I didn't give up. I studied continuously many hours per day, though it was so stressful. On those days, the technical analysis were totally greek for me.
You know the most important weapon of a hunter, is the patience
. First, you need to select a worth animal. And we keep looking at them for months. And we hunt them, when they are weak as same as hunters. So we can, hunt them easily with less effort. We sell those when they're strong.
The wrong of your stocks was not the animal, but the time you hunt, the entry. Once, Warren Buffet says, If we pick stocks at right time, no matter if we sell at a average high, since its profitable.
And CSE is having a good future, so you can recover all your losses and earn decent profit within couple of years.
That's my view, I haven't to say anything more. Decision is yours.
"Every dark cloud has a silver line. Take your failure as a silver line and learn from your failures, they teach us a life long lesson..."
- GL (NC)" If market beats me I'll accept the loose and I say to my self, one day I'll be strong and beat you, is not for revenge but to see whether I am enough strong, to beat them all..." - NC