Last few weeks were really excited one, watching one of my counter growing toward 50% profit and yet, bounced back to 30% profit.
The feeling was frustrated ……and yet satisfying.
I’m sure that everyone will be very frustrated, when you waited for months, watch closely every news of the counter, waiting for its turn to shot.
Its revenue has been increasing steadily quarter to quarter and now finally under investor’s radar and start reflecting its actual value. Climbing slowly…towards 50% of profit, step by step ….and, guess what, with DJ’s & HSI’s correction….it fall back to 30% profit within 3 days. This called frustration!!!
Even though i got to accept the fact that, as a long term investor, this is very common, got to used to it; no counter will keep on shooting without any consolidation. I think this is so called “three steps forward two steps backward”…at least, i still got one step forward.
Satisfying was due to our knowledge in investment has been improved greatly. During last few round of the consolidation, I either buy in counter which without/poor fundamental, or worrying how far the counter will drop as it dropped below 10% of by buy in price…
I will not say that we are clever, but it’s really a milestone to me, at least, we are able to make decision to abandon those poor fundamental counter, switch to counter with good fundamental and great prospective to ensure a better return and also better risk management.
Adventure is out there!!!