Thursday, February 28, 2008

An unsuccessful sale

Suddenly I felt compelled to sell all of my shares for one counter seeing that it is gaining strength. I made a call and placed instructions to sell all of my holdings at a specific price. I was told that it'll be going to the Sell queue, but if I could place it at 0.005 lower, it can be done immediately.

I thought to myself then, the Buy queue is only 0.005 in difference, which means there is buying strength. Hence, I opted to wait by placing a Sell queue based on my initial price.

An hour later, I had a check again. To my dismay, the last done price has gone down quite a bit. The total difference for a successful transaction would have been only less RM 100 in profit.

I have succumbed to holding due to greed yet again.