#GreedyLesson #StopLoss
Dec. 29, 2021
Introduction
It is the most important task to conduct a short performance review on my TFSA account on questrade.com. I like to summarize my performance, and my loss is less than $5,000 Canadian dollars, less than 10% up to Dec. 28, 2021.
My stock gains and loss
I wrote down on a paper on my performance.
- Nok stock gain $1407
- Gte.To $667
- Rig $600
- PFE $890
- BMY $220
- HON $220
- SABR $420
- CMCSA $166
- DIS (961)
- AZN $220
- ARDX $750
- GRAY (5443)
My gain is around $4490, and my loss from GRAY is (5443). I have to learn from my own experience. How to cut loss early on GRAY stock.
10 reasons GRAY stock is not good for a beginner
I like to put together 10 reasons GRAY stock is not good for a beginner.
- GRAY stock price went down from $30 to $6, and I was attracted to make first purchase.
- After that, I continued to make purchase to cover my loss.
- I did not learn how to cut loss, so that my loss was around $4000 dollars; My investment is more than $5000 dollars.
- After a few months, there was a short squeeze. The position went up more than $5000 dollars in one day; I did not sell with $1000 gain, I wanted more.
- After that, I held the position with $5000 dollars loss, and hopefully I will not miss any short squeeze.
- The stock price went up around $4.3 and went down $3.00 dollars. I got emotionally attached to the stock, especially after I spent hours studying AMD disease, eye disease, my late mom's eye problem in her late 50s.
- I did not review my portfolio since too many positions in crash in Nov. 2021, DIS, PSFE, SABR, AAL. All my funds are in equities. 100%. GRAY is a small equity, which is easy to manipulate.
- I decided to cut loss at $1.78/ share, I did add 1500 shares at 2.20/ share after drop from $3.0
There are so many lessons I learned from my own investment. Those are my 10 years savings from Canada. The road is tough for me to invest in by myself, I need to get more educated and learn from my own experience.
Office 365 Excel | My calculation of loss - 2021 performance TFSA
Follow up
Oct. 19, 2023
I should cut loss early. I should not invest in any stock like biotech stocks.
Nov. 10, 2023
Biggest problem is related to GRAY stock (5443).
1. I should invest GRAY stock at all. It went bankrupt.
2. The loss is bigger than all other gains in 2021.
3. I should spend US dollars $5000 to purchase morningstar.com and tipranks.com, but it was not clear that I did not take initiatives to purchase any professional service on equity investment.
#TFSA #Investor #Gambler #Investor #BadHabits #Lessons #TFSA2021 #MarketResearch #InvestingBooks