Moved from trading to investing. Question about losing positions.

Years ago I spent half a decade attempting to be a swing trader. Over time I realized that buy and hold was superior. I decided to take a long term approach. Not checking the tickers daily. This Buffet quote resonated with me: "If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes." So I began to accumulate stocks that I thought had potential to be big winners in a decade. However, a lot of these were Cathie Wood type stocks (i.e. SQ, COIN, DKNG, CRSP). I was also influenced a bit by hype and bought some stocks at elevated levels (ASTS, RIOT, SOFI). I liked the thetagang strategy of selling puts at a price where I thought I'd be happy to buy the stock at a discount - but this is part of what put me into some positions at elevated levels ($Z, DKNG, CRSP, $F).

Is this normal experience for a lot of investors? $AST SpaceMobile, Inc.(ASTS)$ $Riot Blockchain, Inc.(RIOT)$ $SoFi Technologies Inc.(SOFI)$ $Coinbase Global, Inc.(COIN)$ $DraftKings Inc.(DKNG)$ $CRISPR Therapeutics AG(CRSP)$

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Comments

Diadem
2023-07-21
Diadem
AI, EV n crypto are irrefutable eventualities of our future world (won't be wrong to say immediate future). So that gives u a fair idea of the 3 long race horses to bet on 😉
Diadem
2023-07-21
Diadem
Indeed I go long on stocks whose biz models/values make sense to me (real value investing). however a decade is too long of a period. You need to hedge your portfolio for long term investments and short terms/ immediate goals. Based on these categorizations you can allicate funds, again based on ur risk appetite.
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what i have said above isn't anything new. The crux is yes value investing is indeed superior in all sense + Don't copy someone's portfolio (ex Cathie) or follow their footsteps. that can be blunder for you as well. Example Cathie gravely n still undermining the massive future potential of AI sector. She isn't placing her bets on the hydra (Nvidia) whose roots support this segment, instead she is hunting around cheap alternatives, some of them even least/remotely resonates with AI ( ex $UiPath (PATH)$ ).
She dumped Nvidia at the peak ground breaking moment.
Bulltrader
2023-07-29
Bulltrader
Agreed. u need to split your portfolio fund into dividend, growth, trading stock and bond, coin