Be afraid, be very afraid!
Spookiness can happen any time, not just on Halloween. Spookiness in my stock market journey is aplenty since I entered this house of terror in June 2024. Here are my list of trips and traps, that still send chills down my spine and have me freeze in fear whenever I think back about it.
Do you dare to walk with me down this eerie dark memory lane? Don't say I didn't warn you...
1) Manual (t)errors
Careless mistakes or being controlled by a malevolent force? I still can't be sure. On a few occasions, zombiefied, I mixed up the buy and sell buttons. This is one stock I intended to buy and keep, but the eerie thing happened.
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2) Down the abyss with my biggest holdings
I was still in the euphoria of my early trading days, stocking up my portfolio in high spirits. Then came the haunting and stayed for a long time.
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3) USD devaluation horror
This came right before my 'practice period' was over, and I confidently put in more capital. All of a sudden, darkness fell, and it stayed.
4) Gapping up, the vengeful spirit rises the next day
I felt pessimistic about this trade, I was struggling to where hold or let go. I said my prayer and let go, then went to bed in peace. The next morning, this happened:
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5) Papertrade midnight horror
Remember we used to have papertrade as our daily challenge to win points? Most of the time, I do it at midnight to get it over and done with. By nature, I'm a morning person, so by midnight, I'm usually super sleepy, but I often force myself to stay awake to do some things. Collect Moo points is one of them. So, one time, in my extreme sleepiness, I accidentally bought real stocks while doing the papertrade challenge. Those were 2 mag7 stocks and are not stocks I wanted to hold. Inciddentally, it was in a volatile period, and I didn't want to risk i, so I sold it off immediately.
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6) Spellbound by rumours
I read some random chatters in the comment section predicting some underdog will rise soon, and a fog came over me.
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7) Dividend death trap
Before I knew how to evaluate and analyse, I thought high dividend stocks were safe bets. They turned out to be anything but.
8) Possesed by a malevolent addiction spirit
I have been draining my life force away, sacrificing to this vampire that captivated me. I'm trying to break free and get back to normalcy.
What is your dark and horrifying tale? And what do you think of mine?
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A casual investor from MY, learning about the world of equity investment and setting up my retirement portfolio.
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6686 : hmm.. looking at your buy and sell point.. I guess you don't have a buy and sell system that you stick firmly to it. I buy based on TA, using stock screener to help me identify good potential stock setting some criteria such as 52week low, more than $1 less than $10, buy or strong buy recommendation, at least 15% dividend and market cap of more than $1B, daily volume more than 1mil. this should help u screen down to just a few stock to buy, part 2 of your tasking is to analyse the history to determine to buy or not, usually there will be the most 2 or maybe none suitable for investment. part 3 is your strategy, what if it falls? when to DCA? when to stop loss? when to buy? when is the best time to buy? etc. if it move up, when to sell? how much to sell? and such.. hopefully u develop your own trading strategy and win some money in future. and don't sell on fear, if u are confident that it will bounce back after u done all your research just stick to it. my longest wait for a recovery is 1 year and it had cut my capital hard but I continue to DCA until I got everything back.
10baggerbamm : everybody who is an Intel shareholder I hope you love president Trump and I hope that he wins for your sake. because there will not be a buyout under the harris administration the doj will make sure of that.
CNNT OP 6686 : Hey, sincere thanks for the concerns and for sharing your approach (i will find time to digest it as it is a lot to take in). These were records from my early days of investing and was just sandboxing, so the Halloween campaign was a good opportunity to turn these bits of info into something entertaining:) Nov will be my 6th month so I'm very cautious now and have learned up TA, FA and paying attention to market info (boy it's almost like a full time job). Less sandboxing, more deliberate decision making. All the best to us in this journey!!
CNNT OP 10baggerbamm : Dude, I'm from the other side of the world, lol, but US stock market is fascinating to play in.
Dude, love is a big word to use on another human being, it should be reserved for people in our life who love us and care about us,, and people who are truly worthy, not some lifelong conman and womaniser who is only manipulating your emotions to get his way. Just an observation from afar. Yes, the system is broken, but it's up to us individually and collectively to do something about it and not let Machiavellians (from any political party, or even civic leaders, business lesders, religious leaders for that matter) gaslight and brainwash you. Look at DJT stock's financials, it's a mess; it's a testimony of the CEO's ability in managing finance, aka the mini economy. Dubious people are everywhere in the corridors of power and money, and he is a clearcut example.
Prayers to you and your country from afar, and for a better tomorrow.
6686 : I took a good look at Nestlé and HEIM, both are at the peak, I won't really recommend them, EC can keep for long term, it's at the valley and may rebounce hard, just awaiting for the right timing, estimated march 2025 when they announce dividend for FY2024. Goodluck!
6686 : here is my halloween story as a new investor in US market. I was attracted by the high dividend of 25% from this ZIM shipping, bought at about $25 and it start a crazy fall but I realised that it have a trend, the circles were drawn when it fell to $6+, i was scared when my 25 dollars is just worth 6 dollars, but can see that i keep on DCA until 18+ and in the end it rebounded back and even went higher. I did sold some in fear. lesson i learned was to be patient if the foundation of the company is strong
CNNT OP 6686 : When I bought Nestle at 120+, I wasn't paying attention to FA or TA as I was new to the game. I overlooked that it had a PE of 50+, very high for MY stocks' norm. It was clearly way overpriced and bound to head for an adjustment. Also the timing, TA wise, MACD wise, it was experiencing a downward momentum. I didn't know better back then. Even now, the PE is still high.
HEIM I had better luck, even though I was also blindly going in. But if I know then what I know now, I would wait for a better price.
Live and learn another day. All the best to you too!
CNNT OP 6686 : Nice. Don't you find DCA-ing very costly? Are you using this platform to buy and sell or others?
I did notice the analysts' rating for this counter is poor, though. You might want to watch closely.
6686 CNNT OP : yes the rating is poor but the investors seems to have high hope, anyway most of fund in zim had been withdrawn. not worth buying zim now.
6686 : my other horror is due to lack of patience, hearsay too much and happened quite recently. believing that UNIT will hit 5.8 and I bought at 3.6 on avg and dca to 2.9 and it went to 5.9.. selling too early.. now I learn to wait. now unit also not worth going in anymore
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