The past few months had been a roller coaster ride especially for holders of Keppel Corp (KC) stocks.
The oil prices had been going up and down. I find the behavior of oil prices similar to Mr Market (a term that Warren Buffett had used to describe the stock market).
It is quite an excruciating experience to see the rises and falls of KC price along with the oil prices. Where possible, I would try not to look at the stock market prices but I find myself checking the stock price almost twice a day.
It is quite difficult to detach your emotions especially if you see red (red color meant the stock prices have fallen compared to the day before).
How i cope with the roller coaster ride is by treating the stock market as Mr Market. From the perspective of a seller, on days where the stock counter shows red, I would imagine that Mr Market is in a foul mood and is offering you low prices for the stock that you hold and he will return again with a quote the next day regardless you reject his offer today or not.
On days where the stock counter shows green (price has risen compared to the day before) I would imagine that Mr Market is in a euphoric state and is offering you higher prices for the stock that you hold. Once again he will return you with a quote the next day regardless whether you have accepted his offer.
Warren Buffett would tell you not to buy stocks if you could not stop checking the price of your stocks. Yes, this is true but with many phone application that allows one to view the sg stock price at a simple touch . It is a bit tad hard to put this into practice. Nonetheless I personally use the stocks app to monitor the prices of stocks that I held or am interested in, NOT because I want to sell my stocks but to make a decision to BUY MORE.
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