Nevertheless, I manage to resist myself from speculating, even though there are a few occasions which I nearly do so.
If I continue to speculate in the past 2 years, may be I will earn less by owning less shares in Latitude, or may be I will earn more by selling Tambun earlier above RM2.40 to take more cash. So it's hard to know whether I'm better off by not speculating in stock market.
- past records (how was the performance of its business & management team)
- future prospect (the demand of its products or services in the future)
- stock price (is it worth to pay that kind of price to be part of the business)
Bad decision does not only mean buying the wrong stocks, but also missing the good opportunity.