Australia's largest stock trading and investment forum Australia's #1 stock forum

IHL

Click for more information

0.00%

4.1¢ incannex healthcare limited

Short term pain for long term gain

First 53 Last

Share
Profile

Follow
Driver1

496 Posts.

73

09/11/21

12:47

Post #: 57426134
Share

Originally posted by malkazoid: ↑

Spot on.

If you are confident in the short and mid-term trajectory of the company, the only bad time to buy is 'never'.
And waiting for a retrace in a period of explosive growth can translate into never, because if the retrace doesn't come soon enough, there is an irrational tendency for us to turn away and consider we missed the boat.

Another version of this horrible psychological effect is when we sell to early, realize our mistake, and refuse to buy back at a higher price even though the stock has runway for continued growth. It is a form of madness: a completely irrational comparison with the past profile of one's position, to the exclusion of what really matters: what the stock can do for us in the days, weeks, months and years that follow.

Ego and impulse gratification lurk behind this effect. There's the desire for us to perceive ourselves as winners in the moment, and this can eclipse the decision-making that leads to being winners down the line.

Expand

Short term pain for long term gain

IHL Price at posting: 53.5¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 1 more message in this thread...

First 53 Last

Add IHL (ASX) to my watchlist