I have been away for about five weeks on my other passion which is trading in medicaments (am a Pharmacist). I usually take short breaks from shares trading to ensure that am not totally consumed by the adrenaline rush that characterises speculation.
I believe that as a speculator, it is important to periodically take your eyes from the ball (NSE). This affords one an opportunity to return to the market and view it with some degree of freshness. It buffers me from the dangerous habit of being too attached to the game (some at Wazua call it being married to shares).
A thin line exists between speculation and gambling. Too much focus/attachment to the market and a speculator easily becomes a gambler.
Now, back to my Portfolio:
CURRENT POSITION:
120,000 SAFCOM SHARES @ KSH 5.50 = KSH 660,000
Less 2% (Transaction cost on disposal)=KSH 13,200
Recoverable Value of Safcom shares = KSH 646,800ADD Cash in Hand = KSH 122,430
Total Value of cash & shares = Ksh 769,230From my initial investment of Ksh 527,850 ; I am still up about 46%.
I will be evaluating the market this weekend for a possible activity next week.
Although Safaricom has not appreciated in the six to seven weeks I have held it, am happy it has preserved my capital (We seem to forget that a share can swing in either direction).
Happy hunting.
x handle: @stocksmaster79