I sold China Minzhong at 0.85 with about 40% profit (entry price 0.585) on 05.12.2012, but as of today (23.01.2013) the price went up to 1.03 (76% profit). Based on the trend the price may go up further and there are no fundamental reasons to sell this counter at this moment.
To correct my mistake and moving forward I would like to make below correction for my future trades:
1) To invest with focus for profitable counters (at least SGD3,000 and above).
2) Always set cut loss point to 10% if pick a wrong counter to protect investable capital.
3) To let the profit run unless there are fundamental reasons or TA indication to sell it.
