Emotions get to me again…

Emotions get to me again… The same thing that happen before happen again yesterday. And I really have to note this down to truly remind myself that this is the 2nd time I have made this mistake.

On Thursday, As the time draws near to 4pm. I received an sms from my friend, He wrote, “so how have you bid in yet”

I said, “wat”

He wrote, “xxx lah, xxx IPO closing at 6pm”

In fact, I did have intention to get xxx, but I was thinking of my cashflow. Because my friend had actually bid in for the IPO, it made me feel that if I had not bid in, I would lose out in any gain. Furthermore this was a good friend and I trusted his views on the IPO. Just as I was about to click the summit bid button, I feel “bad” I feel I have really check out the IPO, do I really know what I am getting? but my greed emotion got in front of me and I summit the bid.

Well, I felt bad and I wished I was not allocated. But I was. The next day, market open. The IPO opened below market price and the words came” I knew it, I never should bid since I felt uncomfortable with it”

Sometime investing we do need to rely a bit on “gut feeling” but most important of all is to have all the information on hand on what you are buying. Furthermore there is a was going on, how can the market be receptive?

Lucky this IPO have a high yield and this should be the last time I post a blog on emotions getting on top of me.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.