First sell at a loss. COSCO CAPITAL, INC. (COSCO)

I bought 700 shares of COSCO CAPITAL, INC. (COSCO) back on June 30, 2014 for ₱9.71/share not knowing I will foolishly sell it at ₱7.47/share.

Yes, that is around 24.056% loss including broker commissions and taxes.

You also might want to look at the trading confirmation below.

COL Financial sends one via email every time you successfully purchase or sell a stock.

.
Account Name:	SPARKS, ESCUDO
Account Code:	XXXX-XX00
Type:		Unsolicited

.

Security Description

COSCO CAPITAL, INC.

Action:	BOUGHT	Trade Date:	June 30, 2014
Symbol:	COSCO

Quantity	Price	Gross Amt	Comm + VAT	Other Charges		Net Amount
700	9.7100	6,797.00	20.00	1.02	0.00
Totals
700		6,797.00	20.00	1.02	0.00	6,820.42
			2.40VAT

WE HAVE ACTED AS YOUR BROKER Note: It is the responsibility of the client to review the data and amount appearing herein. COL Financial Group, Inc. (COL) shall consider the above data accurate and binding on the client if no objection in writing is received by COL not later than 12:00 noon of the next business day. COL reserves the right to determine the validity of the objections of the client to the transaction. Should there be any discrepancies in the details above, please call (632)6-515-888 from 8:30am to 5:00pm, Mondays to Fridays or email us at helpdesk@colfinancial.com __________.

Important: Please do not send any account instructions, confidential and sensitive financial data through this and other regular emails. It is not COL Financial's policy to request for customer's confidential information via regular emails. Or if you are on the COL Financial website, you will see something like this: SELL TRADING CONFIRMATIONS # Stock Trade Date Order No. Quantity Price Gross Amount Commission VAT PSE SCCP Sales Tax Total Charges Total Amount 1 COSCO 10/22/2014 11:37:23 AM 20141022015615 700 7.47 5,229.00 20141022015615 700 5,229.00 20.00 2.40 0.26 0.52 26.15 49.33 5,179.67 COSCO TOTAL 700 5,229.00 49.33 5,179.67 SELLING TOTAL P5,229.00 P49.33 P5,179.67         Password  PLEASE REVIEW YOUR PREVIOUS TRANSACTIONS  AND ACKNOWLEDGE RECEIPT OF  CONFIRMATION.   FOR ANY DISCREPANCIES NOTED, PLEASE NOTIFY US NOT LATER THAN 12:00 NOON OF THE NEXT BUSINESS DAY. TO PRINT THIS PAGE, PLEASE CLICK HERE    Using my ever useful buying and selling preview on Microsoft Excel you can easily see that ₱1,640.75 just went out of my portfolio.   Oh COSCO, I should have known that you are going to COST me. The table below is from a website when to sell a stock Amount Stock Drops Gain Needed to Break Even 5% 5.26% 10% 11.1% 20% 25.0% 30% 42.86% 40% 66.67% 50% 100% 60% 150% 70% 233.33% 80% 400% 90% 900% The table above indicates that I should have to gain somewhere in the middle of 25.0%  or  42.86% to breakeven. I didn't have a reason to sell it other than to preserve my capital. Looking at hindsight, I shouldn't have sold it. I think this will go down as one of my worst newbie blunders.

Hindsight is better than foresight!

Nearly in every aspect, hindsight is always better than foresight.

Remember when I first sold a stock?

See it here: Sold a stock for the first time!

Well to give you a brief recollection on that, it was March 3, 2014 when I bought 700 shares of BLOOM at ₱9/share and on March 7, 2014 I sold it for only  ₱9.66/share giving me a net profit of around ₱259.

₱259. Really?

This day, October 22, 2014, BLOOM is the 2nd hottest I mean 2nd most active (2nd most traded) stock in Philippine Stock Exchange (PSE). Look below.

Behind TEL, BLOOM is the most traded stock in PSE in terms of value for the day of October 22, 2014.

 Have I waited for the price of BLOOM to be as high as today, I would have amassed around 59% in profit.

I made a buying and selling preview on Microsoft Excel which I use to tinker on stocks, like experimenting and speculating.

 As compared to when I sold it on March 7, 2014.

 I should wear a sad face now right?

But wait, being a positive person that I am.

I see this is not a failure.

This is growth.