Hu8t C8t
commented on a stock · Nov 14, 2024 12:16
What’s your strategy for long term investment? Do you take profit and time your re-entry at a lower price or just park your money in your investment stocks?
Yolo Bull Trader
:
just buy whenever it retrace to support...if bullish, can buy at 20ema.. if not so bullish, can buy at 50ma but higher chance of missing out. then just hold...
if we look at this year performance, it goes up from Abt 140 to 180, 30% gain, similar/better performance than s&p500.
the problem with many people, they look at it on a shorter time frame..if you divide, alphabet share price on average will go up 3-4 a month, barely 1 a week. in reality, how often can you enjoy a 30% gain yoy?
Yolo Bull Trader
:
of course, that is if you believe alphabet is still undervalue and will go up in the long term which I believe so.. so probably by end of this year...if alphabet rise to 185, I will be celebrating
Yolo Bull Trader
:
human r funny in general. we don't celebrate our winner, instead we always feel bad for what we miss out...just always remind myself.. investment is like fishing in the sea, just because I miss fishing a good fish at this area, I know there will be other area(opportunity) to get a similar fish.. just keep looking and stop fomo. missing one good opportunity will not destroy your life but going all in into one might ..
Dashingoodlook : if it nvr go lower ?
Hu8t C8t OP Dashingoodlook : That’s my dilemma. So your strategy is to just hold since you can’t time the re-entry point?
Yolo Bull Trader : just buy whenever it retrace to support...if bullish, can buy at 20ema..
if not so bullish, can buy at 50ma but higher chance of missing out. then just hold...
if we look at this year performance, it goes up from Abt 140 to 180, 30% gain, similar/better performance than s&p500.
the problem with many people, they look at it on a shorter time frame..if you divide, alphabet share price on average will go up 3-4 a month, barely 1 a week. in reality, how often can you enjoy a 30% gain yoy?
Yolo Bull Trader : of course, that is if you believe alphabet is still undervalue and will go up in the long term which I believe so.. so probably by end of this year...if alphabet rise to 185, I will be celebrating
Yolo Bull Trader : human r funny in general. we don't celebrate our winner, instead we always feel bad for what we miss out...just always remind myself.. investment is like fishing in the sea, just because I miss fishing a good fish at this area, I know there will be other area(opportunity) to get a similar fish.. just keep looking and stop fomo. missing one good opportunity will not destroy your life but going all in into one might ..
Hu8t C8t OP Yolo Bull Trader : Tks for the advice
104574217 Hu8t C8t OP : Time in the market > Timing the market
It’s better to be in the market for a longer time than to choose the best time to enter the market brother