This was a perfect example on why we should never be complacent in trading basuras. Even if it hit the ceiling price. Or maybe ESPECIALLY if it hits the ceiling price. Things could go wrong. I can recall a certain book character who always preaches
CONSTANT VIGILANCE!
That description says it all. There should be no loyalties to a stock. Always keep your guard up since everyone is just looking out for themselves. Protecting your profit or capital should be the number one priority.
Part II
Again reminded of the power of cutting losses. Though painful it was very very necessary. I do not want to be waiting at the high for prices to come back. Imagine holding the stock when it went to 3 or 4 pesos last year. And still waiting for it to go back to those levels since you do not want to cut your losses. So many missed opportunities. So much lost time practicing and honing your trading skills.
Here is something that I found on the internet. It was for human relationships but I think it is also appropriate for cutting losses. The same principle seems to apply.
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