El Fondo del Devengos (EFD) was estimated NAV at the close of the day on 31st March was HK$0.715 per share, bringing the YTD returns to -19.31%.
The HSI was down from 27,812.65 to 22,849.19, which was translating into -17.85%.
Obviously, my performance was worse than HSI, which was 1.46% better mine. I've no actions after 1st November, 2007. During this period, I read books to gain more knowledge. I really want to beat the benchmark! I really want to earn money! I really want to be successful in speculation and investment!
What're books have I read? I've read three books totally: Pit Bull by Martin Schwartz, Reminiscence of a Stock Operator by Edwin Lefèvre and Kostolanys beste Geldgeschichten by André Kostolany. These are great books. I learn some speculation mindsets from the authors. However, I haven't apply the skills yet. Why? This is because I lack self-confidence. There is something missing inside my heart. I've to overcome it and God is helping me.
Futher readings:
1. Martin Schwartz: Pit Bull
2. Edwin Lefèvre: Reminiscence of a Stock Operator
3. André Kostolany: Kostolanys beste Geldgeschichten
Showing posts with label Inversión. Show all posts
Showing posts with label Inversión. Show all posts
Monday, April 14, 2008
Tuesday, March 4, 2008
La Introducción
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.
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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