Jo's Lesson learnt this month of Jan 23

Jo Tan
2023-01-31

I felt a bit foolish this month, having fallen into some of the traps I told myself to look out for last year. Of course, as what Jesse Livingston, the legendary trader would say, we must all learn from our mistakes just as much as we learn from our successes. 

Anyway, I think you guys know about how $DBS GROUP HOLDINGS LTD(D05.SI)$  hit $36 this month right? I also wrote that I sold too early. Well, somehow, the FOMO gnawed at me through the weekend. I honestly knew it had hit a peak and would fall but it did fall a bit and I jumped on the bandwagon, only for it to fall further.[Facepalm] The problem wasn't so much the drop. The problem was I knew, but I wanted so much to get in on DBS's rise. I was beating myself up because... What am I doing riding on fluctuations! I've written so much about getting in only when it's really down at a low price only to fall to temptation to "ride the wave". Well, I lost some money but gained a painful lesson.

In my other trades, I held on to Grab. Grab is showing the same kind of resilience last year at $3 and me holding on to it has been somewhat rewarding. I'm hoping it will do much better (beat expectations) this time. I think Grab is honestly conquering the food delivery market in Singapore and I hope it pays off. There are rumours it may buy Gojek but... I'm not buying it. I'm not sure whether it's a good idea given the economic climate. Anyway, it's been on the rise since 2 months ago from $3 to $3.70 so I'm quite happy with that.

Lastly, I would like to thank Tiger Brokers for the free$Manchester United PLC(MANU)$  share. It has helped offset my loss and it's much appreciated. I really like the incentive system Tiger has, which allows me to redeem vouchers with coins. Thanks guys!

Anyway, thank you all for also reading and joining me on my investment journey this Jan. As much as I would like to say I've learnt something, ive also come to realise I'm still susceptible to falling to old habits. Sigh...


@TigerStars  @Daily_Discussion  

# 💰 Stocks to watch today?(25 Apr)

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Comment（26）

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  • LMSunshine
    ·2023-02-01
    TOP
    🤔 DBS won’t be a loss if you hold on and keep averaging down unless you sold it? DBS is a stock that can average down so no worries😉 Buddy you should consider my idea of accountability to your wife/close friend to help you with your FOMO😅 Force then to stop you from buying when it’s not the agreed 🎯 price Jiayou💪💪💪
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    • AgxmReplying toLMSunshine: 
      Yes hk share price is high too. That why i dont go into hk market. Good idea for fractional share. But no idea if there will be extra fee like custodian fee etc. if there is, then not really worth buying the fractional share.
      2023-02-01
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    • LMSunshineReplying toAgxm: 
      Ya😅 That’s why I don’t buy SG banks😬 I rather buy 🇺🇸 stocks where we can keep buying a few shares to average down as and when the stock drops. Maybe we can suggest to 🐯Broker to let us do fractional shares for SG and HK. I’m very interested to go into HK but their 1 lot is also mostly 100 shares which I’m not keen as the risk is too big🙁
      2023-02-01
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    • LMSunshineReplying toJo Tan: 
      Oh😅 SG banks can just keep for dividends then wait for next bear then average down.
      2023-02-01
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  • LMSunshine
    ·2023-02-09
    TOP
    Buddy, DBS closed above $36 yesterday, so if you have held on, you wouldn’t have made a loss of $19😅 Next time if buy DBS at wrong price, just hold for dividends, dont average down also ok, just have to wait longer to sell at break-even.
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    • Jo Tan: 
      yes I very much agree with you
      2023-02-09
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  • Fly High
    ·2023-01-31
    BT report on SGX research shows massive SELL for banks last week. DBS shows a deficit SELL of $100mil while OCBC and UOB shows both retail and instituition net SELL. Who is buying then??
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    • Agxm: 
      Sgx can do shorting?
      2023-01-31
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  • Jo Tan
    ·2023-02-01
    actually, does it matter? Institutions can be wrong too. at the end of the day, if the stock goes up, that's the most important thing
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  • JQC
    ·2023-02-01
    💪
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  • AhSong
    ·2023-01-31
    好
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  • boo1234
    ·2023-01-31
    go
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  • BenWong78
    ·2023-01-31
    😀
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  • NEL
    ·2023-01-31
    Ок
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  • osjusti
    ·2023-01-31
    [smile]
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  • IamHL
    ·2023-01-31
    power la
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  • River69
    ·2023-01-31
    ok
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  • hjmac85
    ·2023-01-31
    Ok
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  • TxChris
    ·2023-01-31
    [Smile]
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  • hjmac85
    ·2023-01-31
    Ok
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  • VAN ADZ
    ·2023-01-31
    Ok
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  • cassan
    ·2023-01-31
    Ok
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  • Philipoo
    ·2023-01-31
    Nice
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  • 月亮湾湾照狮城
    ·2023-01-31
    great
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  • AbbyOng
    ·2023-01-31
    Ok
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