JLSE
2022-10-08
👍👍👍//@koolgal: //@koolgal: I must confess that "Not Willing to Sell Loss Making Stocks" is most relevant to me.  This is due to my aversion to losses which is a common investing mindset.  A good example is DIDI which I bought at 14.00 and held on until it was delisted.  On hindsight I should have sold it much earlier.  The valuable lesson I learn is that it is important to cut loss when a stock dropped to a predetermined level say 20% or when the fundamentals of the stock have changed. Investing is a life long journey and with my goal of FIRE - Financial Independence Retire Early, Patience and Discipline will help me achieve my ultimate goal.  Losses are just part of my investing journey. It is just as  important to let go of negative feelings and stay optimistic for the long term. @Tiger_chat
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Comments

  • melson
    2022-10-08
    melson
    there is no right or wrong, it is a matter of risk missing out a rebound and a risk of the stock bankrupting. at the end of the day, the important thing is managing the risk you are willing to take, whether you can stomach it.
  • liewtc60
    2022-10-08
    liewtc60
    Yes. Investing is a life long learning journey - learn from mistakes, practise risk management, diversification and rebalancing with long term horizon in reaching investment goal.
  • Novem678
    2022-10-08
    Novem678
    Thank you for sharing
  • Patmos
    2022-10-08
    Patmos
    E xcellent Art icle
  • bluesea520
    2022-10-08
    bluesea520
    thanks for sharing
  • Patmos
    2022-10-08
    Patmos
    E xcellent Art icle
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