Thursday, July 16, 2020

Take risk - July 2020

July 16, 2020

Introduction


I like to do a fully research how to prepare for a big investment for short term. I already let over $67,000 dollars cash sit in my TFSA account, but I was afraid to invest HSE.TO when the price was low near $4.06 / share. 

Fear and greedy


I have to look into the fear issue. I should stay confident, if I can invest $15,000 US dollars on SPX 3300 on June 5, 2020. Why should I still be afraid to invest when oil stock price is far below the price I purchase at HSE.TO 4.7/ share 1000 share, 4.5/ share 1000 share. I did sell all those 2000 share at price 4.2. But I had issue to get back in when the price was 4.15/ share. 

I have to look into how to understand the price went up in less than two hours with 10 cents. I should look into how market swings, and make some rules for me to follow. 

I will have to look into how to invest at least $30,000 Canadian dollars when the price drops over 10%, or over 20%.


No comments:

Post a Comment