As a process of my complete paradigm shift, from long term investor to stock trading, I cut one of my losing positions. These losing positions were a product of uninformed buying decision.
I began cutting my losses starting with TKC Metals. I bought this stock, I think in early 2016 in anticipation of the "Build, Build, Build" program of the Philippine government. My conviction is that the construction sector, especially the Construction, Infra. & Allied Services subsector will boom. It was entirely my opinion.
Well, your personal opinion with the market will really cost you money in the long run as per Mark Minervini, author of the book "Think & Trade Like a Champion"
Okay then, enough is enough. It's time to put ego aside. I made a mistake. I admit it. Cut my losses and then move on.
One mistake cleared. Let's move on to the next one soon.
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