For some reason, markets have not been favourable to me in the past 6 months or so during which I did not make any trades. Not enough profit for some, and failed to execute in time for others. However i did have to take profit on my BYD holdings this morning. Here is the chart below. It was just right timing for me to sell before it goes down further.
Holding period: 1 year approx.
Profit: 74%
Actually the sell position is slightly wrong on the image above, i didnt manage to sell at the top. I was late slightly, sold it at HKD48.25
We can never expect to sell at the top anyway, always remember not to be greedy and wait for too long. Take profit as you see fit. I am happy with the returns, so i wanted to share with fellow bloggers. Perhaps i will pick this stock up again after its correction, because i still believe that rechargeable lithium batteries for portable devices and automobiles will be huge in the future.Long journey awaits for BYD in the near future pre 2020.
