Oct. 6, 2020
I missed 10% increase from Oct. 2 to Oct. 6, 2020. I like to write about 10% increase.
I bet on MRO stock 1000 share, but I failed to get rebound and sold with $180 dollars loss. And MRO price went down last Friday. I thought about purchase back, actually it is time.
For gambling, it is bet to have a rebound. I tried so many times, and I thought about blackswan, and another 20% pullback, so I did not try to recover my loss.
Today I checked the following stocks all having 10% rebound:
SU, MRO, OXY, NCLH, AAL, SQ
I think that it is gambling which makes stock market always attractive. It is easy to get addicted. I did try to catch rebound so many times after August 31, 2020, but I failed all the time. I decided to quit, and then it has 10% rebound.
I was panic since the market will have another 20% to 30% pullback. In my Ameritrade.com account, all my gains of $3000 from May 2019 to June 8 2020 are gone. I am betting on my capital.
It takes some risk to make 10% profit.
I lost over $500 dollars on INTC stock, if I just hold another month, today it went back around $52.20 dollars. I should learn from the lesson to hold longer.
I did not make profit on 240 shares of NCLH, but if I hold until today at $17.78, then I will make profit $1.1 for each share. I sold too early. Even if it is short term investment, I also need to learn to take risk to hold longer. I should learn sentimental in the market, and take loss and hold longer those position. To be successful, I also need to learn more about renting out those shares if needed.