I made another trading mistake few days ago by buying Hastie Ltd (HST.AX). I am not sure why I did it, other than a prove that my emotion still get in the mids of my trading. I started watching Hastie few weeks ago, when I searched for a high dividend yield stocks. Hastie caught my attention as it supposedly yields 7.5% fully franked, with payout ratio of 54%. When I checked on the stock, it was in a state of trading halt/suspension. You guess it right, debt, without the mean to service it.The watching continued, and fast forward, it dropped to 24.5 cents just after the suspension. I thought it worth a punt, I mean how much more can you loose? So I bought a small amount of Hasty at the (dead cat) bounce, and the minutes after the transaction went through, I had these feelings of (uneasy and guilty) for not following my trading principal. NO RUSH, the stock market will still be there tomorrow!! And I didn't do a proper check of the company before I bought, to realise that most assets are in the form of goodwill. Nothing much real except the debt.
Ok, that's a mistake, but worse than that, when the price started to go down, I ignore it and did not follow my stop. I basically let the lose running. It was just a pure bad trading.