IFCA - a stock that I have traded a few times since it was as low as 0.40. My mum bought when it was 0.125! I sold with a profit at 0.8 after it shot up and broke 1.00 last year. I remember i3 forum was so "happening" and noisy as people were "celebrating" IFCA leaving penny stock and some even predicted that it might go to RM2 just like Inari. Now thinking back, I was really ignorant as I was hopeful that what those "sifu" said would really come true. I hung on tight to my IFCA. But as we all know now, my sweet dream did not come true - the price came down sharply and I had to sell to lock my profit.
Early this year, I bought IFCA again... emotions... I know I should not ... but I guess I was hoping to "revenge" on this stock and prove that I can earn more from it. I entered at support 0.85 - it broke my support, I failed to cutloss and of course, it went on to break 0.7 and gave me mini heart attack a few times. I have been stuck in IFCA for a few months now, waiting for chance to sell... seems like a long way to go for me to break even...
So, lesson I learnt from trading IFCA?
- Do not listen to rumours, look at charts.
- Cutloss by following your own plan.
- Do not carry emotions - dont fall in love or search "revenge" on a stock.
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