In the first month, i made many bad decisions which resulted in quite a high unrealised loss.
First, DO NOT ACT ON IMPULSE!
I remember the day when Mapletree Industrial Trust started trading on the SGX, i went straight in to buy at a high price of 1.19 a few minutes when trading began thinking that it will do as well as GLP on the first few days. After those few minutes, people started taking profit and the price has yet to reach back to that price.
Second, DO NOT FOLLOW THE TREND! (unless you are early!)
I bought my current S-chips at close to their peaks. Since they are the first shares i bought, i bought them without doing much homework, but bought them based on reading forums and articles by others. Looking back, when i checked the graph for JES international, I got a rude shock that i bought it after the big jump in price where the company was queried by SGX. Lucky for me, the share seemed to have gained momentum the past week and hopefully it can soar further!
Lastly, DO NOT BE GREEDY!
Riding on the IPO fever, i bought Mapletree Industrial Trust at a high price of 1.19. Best of all, i bought 7 lots, which cost quite a lot considering my current income only comes from my NSF allowance. When i queued for 7 lots, i thought i could make a quick buck. Thinking back, if i weren't that greedy in the first place, i would have a better positioned portfolio than now.
However, one should not whine and harp on what has happened. Instead, one should learn from their mistakes and do better in the future! Hopefully the week ahead will be as good or even better than the last considering DOW did pretty well on Thursday.
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