I Made 7 Consecutive Wrong Decisions in Stock Market

Recently I made 7 consecutive wrong decisions in stock market.

 

This is how it happened:

I normally follow a fixed set of rules in my investment (normally gain).
And I will allocate some money to play or do trading (normally loss).


1st
Bought Rights entitlement and subscribe for the rights issue.
Before the shares were credited, the price keeps dropping.
Sold at a loss.

2nd
I bought a stock in July 2011.
Then due to US debt ceiling issue, the price drop.


3rd
I was thinking better play safe. I then sold at a loss.
But the price then recovered.


4th
Market has stabilized. I then went in at higher price.
Then due to the cut in US debt rating, market then tumbled.


5th
Market is very uncertain. Bad news everywhere.
So I decided to sell at a loss and hopefully can buy back cheaper later.


6th
The market then recovered. Decided not to buy so that not be cheated again.
But then the stock went much higher.


7th
Sold a stock that has went up, but it then went higher.

On the above examples, on average, the losses or "made less" is about 15%. I think the above wrong decisions cost me 100%.

 

 

Anyway as I have mentioned many times in my blog, I am not good in trading. But for long term investment, I think I'm doing quite ok. That is why I only allocate a small sum of my money into trading. I hope I can improve.