Life lesson - selling too soon!22 Sep 2021 13:40
You are all experienced enough I imagine to have read this lesson multiple times, but it always helps to be reminded of it!
I sold SQZ too soon. I only have myself to blame - I have been a LTH (can't remember exactly when I first bought in but around five or so years ago) I held throughout all the rises and drops, but my frustration with the lack of significant movement prompted me to take the decision over the last few months of cashing in my significant holding around the 130-145p range. I have seen us go up to 140p a couple of times before, only to then see us dwindle back down towards 110p-ish. I was sure it would happen again.
If I would have simply held for a few more weeks/months, I would be sitting on such a bigger pile of cash. Worse still, I invested my profits into Chinese funds which for those who don't pay much attention have gone significant lower in recent times (although hopefully in the long term they will sort themselves out, but as you all know it's never nice to buy into something to only then see it drop 15-20% straight away).
So congratulations to all of you who continue to hold - you are better investors than me. I still hold approx. £25k worth but rather than being delighted to surge through 200p, I now feel slight disappointment thanks to what could have been!
I'm sure in time the feeling will pass, after all I have earned great money in SQZ and best of all most of it has been in my ISA. You never turn your nose up at profit. But if I had paid more attention to the experts and held my nerve, I could have enjoyed even greater rewards.
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