12-07-2012, 12:45 PM
(This post was last modified: 12-07-2012, 12:51 PM by Jared Seah.)
If my position has doubled, by selling 50% I would have recovered my capital.
1) Great for sleeping in the night as if market goes up, I still have skin in the game. If market corrects, it's "just" less profit. To lose my unrealised profit, the stock has to go to zero
2) When opportunity appears, no dry powder, no chips - cannot play (Psst! You interested in a margin account?)
3) For big ego alpha male peacocking, the % return on a position with no money down is infinity returns right? (I hope I got my math right) Hey! You beat those with 10 baggers liao! Or-yi-or! Tarzan no wear pants! You win liao lor! (Benchmarking gone wild!)
Jokes aside, I buy because I speculate I can make money selling at a higher price sometime in the future.
I sell because I speculate (ok, more in fear) that my paper profits may vanish if I wait too long or too greedy.
The problem is I often get it wrong...
P.S. You need to get a 2 bagger FIRST
1) Great for sleeping in the night as if market goes up, I still have skin in the game. If market corrects, it's "just" less profit. To lose my unrealised profit, the stock has to go to zero
2) When opportunity appears, no dry powder, no chips - cannot play (Psst! You interested in a margin account?)
3) For big ego alpha male peacocking, the % return on a position with no money down is infinity returns right? (I hope I got my math right) Hey! You beat those with 10 baggers liao! Or-yi-or! Tarzan no wear pants! You win liao lor! (Benchmarking gone wild!)
Jokes aside, I buy because I speculate I can make money selling at a higher price sometime in the future.
I sell because I speculate (ok, more in fear) that my paper profits may vanish if I wait too long or too greedy.
The problem is I often get it wrong...
P.S. You need to get a 2 bagger FIRST
Just google singapore man of leisure