[Overcoming Fear and Greed]
Buying a stock is easy. It is the selling that is hard.
I bought Nvidia at $119 after averaging down. I held on when it fell below $100.
Yesterday it rebounded to $124. I sold off. Profit is tiny but I'm happy.
I could have sold when it fell below $100. However the company's fundamental gave me the conviction to hold on.
When it rebounded yesterday, I could have waited for the price to go higher before selling. As I am writing this post, the price is $125.
As the company's earnings call is just days ahead, anything can happen as evident in so many post earnings call.
The price could have been priced for the growth.
Instead of letting greed overcome me, I stick to my exit plan.
Like what Warren Buffet said, we make profit when we buy not sell.
Awaiting for opportunity.
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Waiting for the right moment can be tough, but it’s all about sticking to your strategy. Nicely played with Nvidia
Great move holding through the dip and selling at a rebound. Sometimes sticking to fundamentals is the best strategy!