Puregold Price Club Inc. (PGOLD) , the nation’s second- biggest operator of hypermarkets and supermarkets, increased 3.6 percent to 22.75 pesos, the highest close since May 14. The company has acquired Gant Group of Companies Inc., operator of 19 Parco Supermarket branches, a stock-exchange filing showed. - BLOOMBERG REPORT ON MAY 28, 2012.
I started my journey of trading online at PSE since March 2012. I am not surprise of nearly losing 20% of my investment, but the good news is, today i regain the 5% and hopefully to recover the remain 15% in few days time.
The reasons why i have lost part of my investment.
1. Experience is the best teacher, and it teaches hard. I have read blog, news and stories about identifying yourself as a player in the stock market. I have identified myself as a long term investor. Yet, i was curious. curious selling my stock at a gain of 3,000 pesos down to 500 pesos. First i was furious, because those warnings i have read was true like you'll pay more when you buy and sell often, often as in everyday and also you'll get tempted to sell your stock at a losing state because you are afraid to lose even more - now that's an active trader, active-losing-trader rather.
2. Refusing to pause after a lose. I got more impatient. i keep searching and looking for active traded stock with the price range from 15 - 30 pesos. I know it's not gonna be easy but i still continue to buy and sell. The result was still the same - i was an active-losing trader.
3. Daily Sentiments. My greatest fault was looking at the market daily price range. This surely bring disaster on my money. When the price goes up i am smiling, but when the price goes down, aaahhh there i am even losing i do sell my stocks.
It's been two months now since i started putting money on stock market. As of now, i feel better. regaining the 5% loss is enough for me to believe my stock position as of today. I have disregarded other shares and retain PGOLD. Only PGOLD for now, and soon i will ad more shares.
by: bodengdeng
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