All Well that Ends Well
If trading were to be graded for their dramatic values, with a zero for a boring trading day and ten akin to a catharsis in a Shakespearean tragedy, then the landmark decline of $Alibaba (BABA.US)$ shares that swept throughout Q4 of 2021, would probably be rated as an 8. In the beginning, nobody could have believed that this catastrophe could have fallen on the Evergreen favourite $Alibaba (BABA.US)$ and worst of all it has to be a prolonged tumble of 52 weeks low.
Much of that had to do with the Chinese Government's tapering pressures. There was a certain level of anxiety, when Charlie Munger's initial attempt to rally this Chinese e-commerce giant has failed. I was devastated because I had a large chunk of $Alibaba (BABA.US)$ stocks. I kept asking myself "Why was I so greedy and did not sell the stock while it was at its peak at $171 early last October? Fortunately, my mental anguish has only lasted for a week. Instead, I have just say "YIKES" and moved on. In hindsight, my implicit trust in $Alibaba (BABA.US)$ and in myself, has won the day. I have decided to "park" those stocks in "Cold Storage", instead of selling them in a frenzy to avoid further losses. I tell myself to have patience and to focus on some other attractive opportunities ahead.
For this decision, I have to say "all well that ends well", and I can give myself a pat on my back for being positive and patient enough to trust in my own decision and judgement for a quality buy. Well, interesting enough, with Charlie Munger's recent purchase of $ALIBABA GROUP HOLDING LTD (BABAF.US)$, this tech stock is climbing. It has elicited a big "WOW", not to mention a sigh of relief from me.
From this, I have learnt a valuable lesson of being patient and having an unshaken faith in my own decision during this volatile market upheavals. Most importantly, I must have a mind of my own and not to listen to market noises. I have instead, formulated four golden principles to focus on. They may eventually help to enhance my investment journey:
To spend more time in upgrading my investment knowledge from the weekly Moomoo Courses.
To do a thorough research of the company's fiancials and empirical history in order to have a clear understanding of the stock and how much risk I can prudently risk.
To gain experience from the mistakes I have made and to learn not to repeat them again irrationally. I believe that Oprah Winfey is very wise in saying "Turn your own wounds into wisdom".
To trade/invest not only Hard but Smart. Having a core passion in trading/ investment is a good start, but I need perseverance, determination, patience and wisdom to get through the long haul. Remember Nothing can Stop a Determined Heart.
Moving forward, I am now clear on my vision and strategy to embrace consistently the market volatility, and to look forward to a promising future in my investment journey. The rest I will leave them to God.🙏🙏. In life sometimes "Man Proposes, but God Disposes".
Much of that had to do with the Chinese Government's tapering pressures. There was a certain level of anxiety, when Charlie Munger's initial attempt to rally this Chinese e-commerce giant has failed. I was devastated because I had a large chunk of $Alibaba (BABA.US)$ stocks. I kept asking myself "Why was I so greedy and did not sell the stock while it was at its peak at $171 early last October? Fortunately, my mental anguish has only lasted for a week. Instead, I have just say "YIKES" and moved on. In hindsight, my implicit trust in $Alibaba (BABA.US)$ and in myself, has won the day. I have decided to "park" those stocks in "Cold Storage", instead of selling them in a frenzy to avoid further losses. I tell myself to have patience and to focus on some other attractive opportunities ahead.
For this decision, I have to say "all well that ends well", and I can give myself a pat on my back for being positive and patient enough to trust in my own decision and judgement for a quality buy. Well, interesting enough, with Charlie Munger's recent purchase of $ALIBABA GROUP HOLDING LTD (BABAF.US)$, this tech stock is climbing. It has elicited a big "WOW", not to mention a sigh of relief from me.
From this, I have learnt a valuable lesson of being patient and having an unshaken faith in my own decision during this volatile market upheavals. Most importantly, I must have a mind of my own and not to listen to market noises. I have instead, formulated four golden principles to focus on. They may eventually help to enhance my investment journey:
To spend more time in upgrading my investment knowledge from the weekly Moomoo Courses.
To do a thorough research of the company's fiancials and empirical history in order to have a clear understanding of the stock and how much risk I can prudently risk.
To gain experience from the mistakes I have made and to learn not to repeat them again irrationally. I believe that Oprah Winfey is very wise in saying "Turn your own wounds into wisdom".
To trade/invest not only Hard but Smart. Having a core passion in trading/ investment is a good start, but I need perseverance, determination, patience and wisdom to get through the long haul. Remember Nothing can Stop a Determined Heart.
Moving forward, I am now clear on my vision and strategy to embrace consistently the market volatility, and to look forward to a promising future in my investment journey. The rest I will leave them to God.🙏🙏. In life sometimes "Man Proposes, but God Disposes".
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
HelloMooMoo : You should invest, not trading
HopeAlways : Wishing you great success with your four golden principles to attain a smoother investment journey.
HuatLady OP HopeAlways : Thanks for your warm wishes.
ProfitTogether : Love your write up. From its content tells you are a person who keeps on learning and improving oneself. Let us learn from each other experience and huat togerher! Cheers!
Syuee : Patience enables us to analyze things and situations beyond their face value. Inaction and patience are almost always the wisest options for investors.
HuatLady OP ProfitTogether : Your compliments and encouragement have indeed warmed my heart. Thank you! Oh yes we will certainly learn and "huat" together in our beloved Moomoo community.
HuatLady OP Syuee : Wholeheartedly agree.
HuatLady OP HelloMooMoo : Thank you for your concern and advice. I do both, pending on whether I am aiming on a short term gain or a long term reward.
momomoomoo : errr, it is still below the $171 value you are kicking yourself for not selling then...
HuatLady OP momomoomoo : Thank you for your feedback. It is perfectly fine for stocks prices to fluctuate as long as they are not prolonging their downward trend, as I am adopting a long term approach to investment. Though $Alibaba (BABA.US)$ prices have not reached $171, as previously but at least the prices do not deteriorate further from their 52 weeks low. I always believe that if one cannot stomach any short term changes one is not Ready to Invest At All.
View more comments...