Jo's outlook and report card for 26 Jan (Bad...C grade)

Jo Tan
2023-01-26

I was right about the market yesterday that it would be flat. Was it due to my experience orknowledge? Haha, only a fool would attribute those to him being right.

Nope, I was not right because of this. While I don't believe in luck, I know I do not have sufficient experience, much less knowledge given that I've only been investing for a year. But I would like to share that I was not right for the first few hours when the $S&P 500(.SPX)$  fell during the first few hours to $3900 from $4016. Even $Grab Holdings(GRAB)$  fell to a low of $3.50. As much as I wanted to overcome my emotions and average down, I was scared and didn't manage to buy at $3.50. Instead, I went to sleep [Facepalm] . When I woke up, the stock was at $3.69.

Similarly for$DBS GROUP HOLDINGS LTD(D05.SI)$  while I was right that it would go up, I got cold feet yesterday because I thought it was too high. I sold all my holdings yesterday.

Apparently, all this is called "Swing trading". I didn't have the nerve to hold on longer because I wanted to lock in my profits. Was I wrong? Well, if I wanted to hold on for the long term, certainly wrong but today (26 Jan) will tell whether I was wrong to sell near the close. It will confirm my strategy that if I were to sell, sell when it's green and buy when it's red (argh, Grab. I was too scared...)

Outlook for today, I think I made a mistake to sell DBS too early on fluctuations. I don't think I'll get a chance to buy it back because I didn't stick to my positions. The term "Right but wrong" applies since I did make a profit but I think I left money on the table by selling too early. Let me update again...

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Comments

  • LMSunshine
    2023-01-26
    LMSunshine
    Congrats on your profits🥳🥳🥳 Always good to secure profits buddy❣️ Any profit not secured is not real profits😉 Read my lastest post on 1 last market crash🤓 Swing trading is also a means of making $. With cash, you can wait for the next dip in other SG banks or US stocks to buy💪💪💪
  • Ah_Meng
    2023-01-26
    Ah_Meng
    Are you doing swing trading? Are you using technical indicators for your swing trades? Be careful though, create a stop-loss plan and protect your downside. A market crash could happen in one day! Remember Warren Buffett rules, 1) don't lose money, 2) don't forget the first rule. Keep safe.
    • Ah_MengReplyJo Tan: 
      [Allin]
    • Jo Tan: 
      thank you for the tip. I will include this in our reminder
  • Dollydolly
    2023-01-26
    Dollydolly
    I make a lot of mistakes but no mistake no learning no progress
  • Juliaaa11
    2023-01-26
    Juliaaa11
    Profits Locked! When I'm also not sure what will happen next, I would sell a certain percentage of my position, leaving a small percentage for an attempted gamble. Cause am not sure, but there is good sentiment & chance
    • Juliaaa11ReplyJo Tan: 
      But profits have already made you a winner🥹. Congrats🔥
    • Jo Tan: 
      that's a good point
  • Lionel8383
    2023-01-26
    Lionel8383
    Dont worry about it, as i think D05 has or starting to form a bull trap to trap retail who bought in $34-35. If the US economy craters, or over hikes there will be some impact. Looking for $28 prices before considering to submit a bid
  • Kelvin_Qiu
    2023-01-26
    Kelvin_Qiu
    money in pocket is yours, on paper is temporary yours [LOL]
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