retail never learns their lesson
$Super Micro Computer(SMCI.US$ the chart will tell you everything you need to know. don't panic. these are strong companies with good management. no stock ever goes up in a straight line, there will be many pullbacks, many consolidation periods. as a long term investor, you better ignore such temporary issues.
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aims to identify stocks with rock solid growth fundamentals with 10x potential. also dabbles a little bit in trading
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ma gon : especially on no information or any fact at all
103267893 : Imagine those who sold at 666
Goodjobguys : Well, we all know that… we all understand stock prices will not always go up and sometime it goes down… we all know that… but imagine you brought in a share and dropped 40% in a couple of weeks… people naturally will panic…
But just understand we are all in the same boat… Lets hold our breath together and do nothing and watch the stock goes back up!
104569723 : I like your positivity
MomentumPython1337 OP Goodjobguys : smci has higher beta than other semiconductor stocks, so it's to be expected. that's why I don't go full port at the start. i always buy either 1/2 or 1/3 at the start and wait first. then add on dips. that way it's very difficult to be down more than 30% unless you are so unlucky to buy at the exact top.
MomentumPython1337 OP : and i never have more than 10% of my entire portfolio on a single stock. it depends on your personal tolerance but 10% is the limit for me. that way even if the stock goes to shit and goes down 50% I only lose 5% of my entire portfolio, which is already quite a lot to be honest. most stocks i keep at 4-5% of my portfolio
102271872 103267893 : It's hard to imagine how they look now
Goodjobguys MomentumPython1337 OP : You are absolutely correct! I brought in at $888. when this stock was on the UP trend weeks ago!
MomentumPython1337 OP 104569723 : it's better to be a bull than a bear more than 90% of the time. the markets will always go up, you can't fight it