Few months ago I bought 1600 shares of BOC Aviation (HK) at 45.5, and bought another 300 shares of it at 42.5.
Few days ago it announced an outstanding report, and the dividend also increase! I was quite happy, and I use the 4% dividend yield valuation method (created by myself lol), the share should worth at least 50 dollars. So I planned to sleep on the profit and wait for the share price hit my tp.
The share price rose from 43 dollars to 47 dollars in just few days! So now I am sitting on a 800 dollars profit.. and due to profit taking (or other reasons) the share price retrace 1% from their highest point..
Ok I know that 1% is nothing, but I just feel bad and I must admit that I am abit regret why I didn't sell the shares at 47 dollars.. I noticed that my trader mind wants to take part in the decision making process again.
So what should I do? Well.. I am going to turn off my computer and go read books so I won't check the share price every 5 minutes, and I believe this will lower the chance I make stupid mistakes as usual.
I just finish my ACCA F1-F3 exams.. Gonna take F4 soon!
Oh I realised that DBS treasures and Standard Chartered Bank Priority Trading Account got no minimum trading cost! If I don't have to pay at least 25 dollars for every trade (or for cash advance account is minimum 10 dollars) I might be able to average down my shares in a more flexible way.
But the sad thing is the minimum requirement of those premium account is 200k AUM lol. Still so far away... Hope I can reach that minimum requirement asap lol.
What do you do when you see your profits are evaporating?
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