Yay, I heave a sigh of relief. I finally sold my share, with profit too. Not much, but at least I did not lose! Phew** It really is not easy to make a profit when the market sentiment is so weak and volatile.
The tide can turn so quickly. I actually wanted to wait for it to go higher a little more but it dropped a bit due to profit taking, and I thought, I better sell it too as I do not have time to keep tabs of it.
I would have held on to it if It had reached the safe zone but I did not want to risk it.
It is of course like gambling. It may go up the next morning, or it may drop like no body's business. A problem in a neighouring country may trigger a regional downtrend. I have experienced these two scenarios. What happened overnight may affect the market the next day. I thought with this market conditions, I am better off keeping cash for now.
The tide can turn so quickly. I actually wanted to wait for it to go higher a little more but it dropped a bit due to profit taking, and I thought, I better sell it too as I do not have time to keep tabs of it.
I would have held on to it if It had reached the safe zone but I did not want to risk it.
It is of course like gambling. It may go up the next morning, or it may drop like no body's business. A problem in a neighouring country may trigger a regional downtrend. I have experienced these two scenarios. What happened overnight may affect the market the next day. I thought with this market conditions, I am better off keeping cash for now.
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