Greed and Fear Can Kill Your Profit

Posted by Oskar Syahbana
12/21/2006

Every good trader knows a sentence “Don’t be too greedy”. So I guess I’m not a good trader then. The day before yesterday, PGAS sank to 11300 level. Many investors and traders alike are trying to bail out of their position due to unfortunate regional investment climate due to Thailand’s new monetary policy (although they revised it a day later). I’m one of little fortunate traders that are able to snatch PGAS at its lowest price at that day.

And when the market opened with a higher gap yesterday, I know that the plunge made by many indexes in the Asia region is just a panic sell. However, greed takes me over. As you may know, I currently need money to buy a new laptop and I can’t loose any more money or else I won’t but to scrap pretty much anything.

Here, fears and greed took control. When PGAS touched 11600 yesterday I panically bailed out not knowing that it could go as high as 11750 as for today. Rp150 difference is quite significant. Remember guys, never let fear and greed take control of your senses.

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Information: December 21st, 2006; 2 Responses

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Categories: Learning Material; Market Commentaries; Trade Review

Related Posts: Lesson Learned; Trading Review Up to December 5th 2006; Foreign Exchange Is NOT a Zero Sum Game; Profit in Your PALM?; Accute Migrain

Reader Comments

Comment Number:: 1
Written by:: harry
Posted on:: 12/22/2006 at 5:04 am

Sorry OOT - cuma mau kasih tahu kalau domain name teknopreneur dijual oleh orang ini.

Sudah daftar nama teknoprenneur di HAKI ?

Comment Number:: 2
Written by:: Oskar Syahbana
Posted on:: 12/22/2006 at 7:45 am

@Harry: ya ga papa mas, dijual saja dulu. Nanti kalau sudah terjual baru deh tim hukum kita bergerak masuk. Kan lumayan bisa dapet domain gratis nantinya hehehe.

Dan sudah didaftarkan ke HAKI kok sebagai merk dagang. Saya engga tahu cover kemana saja tapi nanti coba saya tanyakan ;)

Thanks for the info!

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