Sept. 27, 2020
Introduction
As an investor, I lost over $600 dollars to purchase and hold on SABR stocks, but compared to SABR, INTC stock is much stronger one with good moat. I still lost more than $500 dollars. As a beginner, I like to write down what lessons I should learn from my experience. What should I do in the next few months as an investor.
Yahoo finance -> Portfolio
Lessons I should learn
Here are highlights:
- I should control the position size. I did purchase 170 shares of INTC on July 24, 2020. But it went down another 10% and lasted more than one month.
- More on step1, control on building INTC position, using pyramid strategy for example.
- After more than one month, the position recovered, and then I sold them with $50 dollar profit;
- On Sept. 2, 2020, I got in the position with highest price $52.566.
- I got brain washed since I read Intel buyback 20 billion stock plan; I purchase too many shares once and too high the price.
- On Sept. 8, 2020, I sold low which was too low, $49.23, more than $600 dollars.
- I have to control the timing. Do not sell the shares at too low price. Do not panic.
- Sept. 2 to Sept. 8, market swings - I need to study pullback and learn basics about pullbacks.
- Need to work on planning how to recover loss over months and years.
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