For me, to buy shares is easy, but it's always difficult to sell. Those who follow my blog long enough may notice this.
Gtronic is another one I can remember well where its share price rose to almost RM7 before I finally sold at RM4.27 (my cost RM2.43). After selling, the share price went up back to RM7... I sold when the price was so much below the peak. Same thing goes to Latitude & KESM as well.
I admit that I am somehow falling in love with the stocks I own because I feel like I own a great company and proud to be part of it. So I'm always reluctant to sell.
The first stock I bought was WCT. When I went to The Curve Mall I told my wife that I built this mall. When I watched Abu Dhabi F1 I felt like I built the track for those drivers to race.
This is a trap in stock market investment which I'm well aware of, and I tried to rectify it. One strategy I'm using is sell part of my shares until all remaining shares are "free".
I used this method in KESM and it backfired. I sold part of my holding at RM20 and already took home handsome realized gain much more than my cost at RM4.24.
I waited until the share price dropped to RM8.50 to sell the remaining shares. The RM11.50 "loss" on each share was quite enormous for me!
No one can always sell at the highest price, but something like my Hevea or LeonFB is just unacceptable.
However, if I sell earlier, there may not be any stocks with 100% gain...