Aug 6 2023, 10:09 AM
QUOTE(Davidtcf @ Aug 3 2023, 11:15 AM)
I invest long term, once go in that's it leave it there till I need the money or old later.
Even paper loss also just leave it. Unless if the stock in question really need to sell due to the company being in deep shit.
So far my Amazon, Apple, Tesla stocks showing good results due to this. After 1 year+ can see they go up so much.
Then continue DCA once every few mths. Gave up on timing the market.. like yesterday news suddenly out of nowhere Fitch downgrades US' credit rating causing market to fall. Out of nowhere pops up.
Only news we can time somewhat is Fed's decision to raise interest rates (impact already over somewhere last year), or if company have many bad news and in decline (time to cut loss). Or if something really bad happens to US and time to sell our stocks.
I think the universal rules and also a fact is we can do directional prediction but timing is near to impossible.Even paper loss also just leave it. Unless if the stock in question really need to sell due to the company being in deep shit.
So far my Amazon, Apple, Tesla stocks showing good results due to this. After 1 year+ can see they go up so much.
Then continue DCA once every few mths. Gave up on timing the market.. like yesterday news suddenly out of nowhere Fitch downgrades US' credit rating causing market to fall. Out of nowhere pops up.
Only news we can time somewhat is Fed's decision to raise interest rates (impact already over somewhere last year), or if company have many bad news and in decline (time to cut loss). Or if something really bad happens to US and time to sell our stocks.
But even knowing that fact, it has never stop myself from thinking im omnipotence and can predict directional movement and time the movement with high accuracy, everytime i did that i lose money. That is a fact hahaha, almost like a natural law now.
I think the biggest bane when come to investing is our emotions, not just fear and greed but also others like ego and pride.
Rules and principle based investing so far yield best result but its boring and lack the excitement compare to a quick 10x returns that specuculative bets provided.
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