Jan. 28, 2021
EXPR share price went up above $13/ share. I have nothing to sell, since I sold all of them at the price of $2.1/ share.
Lessons learned:
- Never under any case to sell all shares I purchase - build a good habit - leave 20% - 30% room for mistakes: future growth of stock up to 10 times or 150 times (gme stock 30 shares in Oct. 2021)
- Consider take back original capital, consider market swing, and plan to buy low and sell high if possible
- Another is not to be panic, stay calm, understand why it is possible to go up to $10/ share by hedge fund manager - always investigate first, $2600 is profit, but my weakness is not to ask why, really understand the reason of short sale squeeze.
- If I like to sell stocks, then I should not consider the current day's market price, think about 3 months after.
- In another hand, try to set target for my purchase for short sale squeeze. Set a target for gains $10,000 dollars, set up goal first and then work on the goal. $10,000, or $20,000 dollars.
- Winnie still has 50 shares of EXPR - my lessons are learned from her project management.
- Consider market pullback, bear market; do not go for short term gains - like $2600 dollars, but miss $40,000 dollars gains on EXPR.
- How to develop an algorithm to sell and leave room for mistake to sell too low?
- I have to get all kinds of tips from friends, articles, and do not make judgement until things are clear. Check with CNBC youtube channel more often.
- Be careful of my time spent on wechat. Leave voice message.
- Argue that NOK stock should go up as BB stock does up to over $20/ share.
- Argue that NAKD stock will go up as EXPR stock does.
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