Back To Square One

When I first entered $Histogenics(OCGN)$ it was $2 which further dropped to $1.95 and after holding it for a few months it rocketed and have been high ever since the FDA approval.

Good days.. where the market was really exciting. Bullish days.

Let's talk bout how everything start to go back to it's starting price.

I had some friends which are still holding. They told me, oh you better don't sell man it's gonna break $6 and then when it touches $7.. they said " you better wait for $10! " And so on... They never sold it. Because... DIAMOND HANDS! 💎🤲🏻😅 And now they are whining on not taking profit.

Small profit or big profits are still profits.

Small losses or big losses are still losses.

Is all about your mindset. How greedy you are, can you afford to take small losses knowing that a bigger loss might occur if you don't cut losses, instead of gambling and taking chances blindly.

Cutting losses is not always bad thing and some people need to know that.

Diamonds hands is not a secret formula to making money. When it is time to cut losses.. you have to cut.. and you BETTER CUT. Don't be stubborn..

Don't be a hero and end up ZERO!

Well.. i sold it at a profit i deem reasonable and continue trading it on its high and lows. While my friends conviction was so strong. Greed really can blind people sometimes.

Especially $Luokung Technology Corp(LKCO)$, I remember how there was a lawsuit ongoing and it was a damn good buy and i knew it's gonna work out. End up i was right and the stock spiked.

I wasn't greedy, i took profit.

Fact is it's not bout my greed that i make a profit

It's because i did my due diligence, and i knew this are all short spikes. I took my profit and left. It wasn't a spike that will go long. It wasn't part of the potential. It was just a temporary spike and I knew that.

Knowledge is power. 

To trade or invest smartly, you must know very well what you are doing. When you can enter, how much can you afford to lose and how to exit without burning your hands.

It was never blind faith.

Let me share with you guys, some of the most ridiculous things i heard.

" Just hold because it's all paper losses and the price will go back, just a matter of time "

This sentence is not untrue but it's ridiculous.

Because not all stock prices will go back to prices you bought. No one knows when. It might never go back one day too.

You need to do alot of homework and know the risk and what you are dabbling with. This is not a gambling den. You don't just buy and when you lose , you start living in denial and say things like.. oh it's fine it will go back one day just hold. And some people just hold blindly to the day it delist.

STOP and LOOK! ⚠️

This is not the way to invest nor trade. You gonna do your homework!

Now here comes the most important question.

Will all these stocks ever go back to the price we once deem low? When it's actually a high.

When a price stay stagnant for a long time it doesn't mean that is the average nor does it means that is the new low just because it did spike higher once in awhile.

Time can change alot of things. We cannot predict what will happen tomorrow or years from today. Just like the EV industry, everyone was shouting, $NIO Inc.(NIO)$! 5 years later sure break $60! 

The question is how sure are you?

In the stock market there is no 100%.

You can never truly time it perfectly but you can do your due diligence, use your experience and wisdom to execute the right move for yourself. There is no one right move for everybody. Because everyone lives differently, everyone have different financial capabilities, and also different level of greed, fear and courage.

MY ADVICE ⚠️

You execute an enter and exit plan towards your goal.

Just know that if you ever fall, it will be a fall you can handle because you already visualized it and prepared for the worst.

If the plan you execute works out, then you are in for a windfall! 🚀🍻