I bought at the peak, experienced big gains on paper but now it is red.
The lesson I learnt is when I sit at unrealised gains of 30%, it is a paper illusion. It teaches me the most critical discipline in wealth building:
The stock market does not pay you for being right. It only pays when you hit sell.
The reason I got trapped is the toxic belief that a skyrocketing stock will go up forever. When DRAM ETF was flying high at USD 81, I did not lock in gains.
I did not implement a trailing stop loss or a profit taking blueprint.
An unrealised loss is a failure of risk management.
As Paul Tudor Jones said:
"Don't focus on making money, focus on protecting what you have."
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
