exactly, a lot of this is about being able to come to peace with yourself, no need to bash yourself for missing potential gains or should have have bought a bit later. The perfect entry and exit point only exists in dreamland.
To me, I have only invested in a few shares, A2M, DRO, FBR. My formula was rather simple:
- Do I believe it has a scalable market, not how fancy it is, it has to be a real solution for a real BIG problem.
- Do I have the patience and timeline, last thing you want to see is short term cash flow tighteness which impact your long term strategy.
- Do I feel the need to deversify some capital just case it didn't work out.
If I answered No to any of those 3 above, I wouldn't spent a cent at all.
Once exited, I don't look back, I guess this is psychologically the hardest part. I sold DRO at $1.93 knowing there is likely further upside, but I was very comfortably saying to myself, I'm happily walking away even it goes to $4 next week ($2.72), as I don't believe in that upside, and it doesn't justify my risk.
At the end of day, a win is a win, not losing money is winning already.
Have been correct and lucky with A2M and DRO, I comfortably belive I'm correct again on FBR.
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Last
4.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $197.8M |
Open | High | Low | Value | Volume |
4.1¢ | 4.3¢ | 4.1¢ | $253.4K | 6.024M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 1225791 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 513275 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 1103840 | 0.041 |
17 | 3975725 | 0.040 |
12 | 2441571 | 0.039 |
3 | 731578 | 0.038 |
7 | 1542347 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 513275 | 2 |
0.043 | 496357 | 1 |
0.044 | 1341567 | 4 |
0.045 | 903301 | 7 |
0.046 | 917410 | 3 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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