As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Tuesday, 17 September 2013

Cut loss or Write it off???



Just For Thinking ...



Are you struggling with yourself constantly whether to cut loss or not?


One way to overcome your emotion and stop struggling any more.


Do you still have plenty of cash rotting in the bank as War Chest?

If yes, write it down to one cent per share and move on.

Now when you look at that stock again. It is a winning stock. Right?

Only when you run short of money, then start thinking about this "winning" stock. Cut loss for capital!

It is all in the Mind!






5 comments:

  1. Agree that if you have picked a "winning stock" then no need to sell when you are not short of money. Anyhow cut loss a "winning stock" is a losing strategy as the sales proceeds is of a lesser amount than the original amount invested; and by doing so, the war chest will be reduced without knowing it. You are not doing justice to yourself as you have undermine your own capability to select this winning stock in the first place. Cut loss for capital? Surely not so desperate right? Unless really in need of money.

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  2. I would say a good time to buy gold bullion as a store of wealth. Check out my blog, SG Web Reviews (www.sgwebreviews.blogspot.com).

    ReplyDelete

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