"Don't be so reckless"? Totally agree! DYOR! If you're freely...

First 47 Last

Share
Profile

Follow
glutenfree

1,728 Posts.

3793

17/08/20

23:40

Post #: 46607086
Share
Originally posted by SuperWealthy: ↑

Welcome. All relatively new buyers/investors (as well as some more experienced heads) need to beware of several very, very important lessons that many of us have learnt the hard way and the market will also teach you in time.

Apologies if I come across as lecturing as this is not my intention, I just don't mind sharing the lessons of my very, very expensive education in the markets over 25 years or so. I might be able to save you some of the coin that not understanding these things has cost me in the past.

Gather around the campfire kids, I have my guitar & I'll put these three lessons to the sound of 'Reckless' by Australian Crawl (acoustic version).

Once you are in a stock that has a bunta run (technical term for 5+ bags) it's exciting, and it's human nature to crave seek out any available banter, analysis and commentary we can find. We consume it all and it makes us think even more about the stock - this is a big mistake & a habit that needs to be broken. Disengage the brain, spend less time on the forums.
Research is only going to feed your bias - holders usually find every reason to hold/buy (e.g. FA posts by Glutenfree) and sellers find every reason for the stock to be overvalued and crash (e.g. our *** friend). If you are in a five bagger, stop researching - it's pointless and serves no purpose. What you need to do is make a plan for when (not if) you will/would sell some stock based on a price or a % drop in the share price. Make a plan & commit to it.
Once you've made your plan, you should feel some of the emotion & thoughts clear away from your brain and this is lesson #3 - try to stop thinking. Meditate with thoughts of Buddha or spend your time surfing porn - whatever it takes to stop overthinking a stock that just keeps defying even your own expectations. Stick to the plan - nothing ruins a plan like overthinking it.

Remember kids - don't be so reckless & enjoy the ride.

Expand

"Don't be so reckless"? Totally agree! DYOR! If you're freely given facts, check the source!

1) DYOR! Is the market craving and the recent share price adjustment justified? Please DYOR!
2) BE UNBIASED! But, facts/quotes/numbers with source citation are not inherently biased!
3) DYOR TRUST! What's your personal research (& personal perception) of the risk/reward?

For someone freely imparting wisdom, can you let us know (based on all known info) your:
- Buy price?
- Hold price?
- Sell price?

Share some mathematical calculations that actually concern stock valuation with us "kids"?

Oh, 3DP is always a hold, is it? Guess that'll do for me? 3DP is a never sell and always hold?
Last edited by glutenfree: 17/08/20

3DP Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
16 Upvote

9 Great analysis

Reply

Top Stories

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

What's causing the cost-of-living crisis, and how to navigate it

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war