SMRT

[natnavi]

One of the first few stocks that I owned was Citigroup. I bought it at $19 after my friend was bragging to others that he bought it cheap at $25. Being naive, and inexperience, I went ahead and bought it, thinking that my friend is such a sucker for buying it so "high". Little did I know, I was catching a falling knife. the price just kept going lower and lower. Day and night I was thinking about whether I should sell or hold. At the end I sold it at $4, even though in my head I was like, man, I am sure the price will go up eventually. And boy was i right. The price went back up a few months later only after it dropped to a low of $1, and it only went back up to $4. The price went up to $40 but that is because they did a reverse stock split (10 to 1). Effectively, their stock was still worth $4, the last I checked.

IMO, and what I have learned from the master is to sell the stock if you are losing sleep over it.

Nowadays, although I do check my stocks once in while, I do so to see if I can buy it at a lower cost.

The only time I would sell my stocks, is when there is a change in the company's story.

I think I am considered one of the lucky few in this forum. After a few months of learning from the school of hard knocks, I learned to do my homework diligently before I decide to invest my money. So much so, I am a proud partially owner of a few companies. An example would be if I noticed that my friend has a Vicom sticker at their car, I will my friend that he/she made a right choice. If I see a competitor's sticker, I would ask why the hell would you go such a lousy service provider.

For companies that I had done my homework but I had divested from, I still remember what sort of businesses they are in, and once in a blue moon, I do take a look at them.

Dude, learn to let go if you cannot sleep over the losses. If you can stomach it, and the company's story is still good, get more of it when the price goes down further. I think the other members in this forum can give you advise on whether to buy/sell/hold. At the end of the day, you need to learn to do your due diligence, and make the right call for yourself. The money belongs to you and yours alone. The other members can give you advise but if you sell it, and lose the chance to make money, will they give you back the profit that could have been yours? If you buy more or hold, will they give you back the loses?

One thing I am glad to say is that it seems that you do know that you did not do much research on the company before investing in it. Lesson learned so move on to the next chapter and start being a proud (partial) owner of companies.

(not vested)