My first investment was on 21 August 2006. That day I bought Bank of Communications (3328.HK). Afterwards, I bought many other stocks. I earned before mid-August 2007 but I lost after November 2007.
I tried to figure out why I could continue to gain. However, I don't know why. I just know that I was over-sold on 17 August 2007 and I was over-bought during 31 October and 1 November 2007. These days made me changed from the heaven to the hell. Why I did that? I don't know still. One reason may be my insufficient experience on the stock market. Another reason is that I can't stay calm down during the exciting moments. Thus I failed on the stock market.
Starting loss but I don't cut loss so my money is escaping me very soon. On 31 October 2007, I'd +15.14% gain but I buy more shares that day. Unfortunately, my decision was wrong. My portfolio was recorded -5.11% at the end of November 2007. Continually, my NAV was squeezed to -11.44%, -26.17% and -22.73% in December 2007, January and February 2008. The worst thing is now – I'm losing -29.44% now (07 March 2008)! Why I didn't stop earn and cut loss? Horrible!
I've to figure out my failures and search a key to succeed; otherwise, I'll be dry out! This is the reason why I write here.
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