10 rights, 6 wrongs

Revisiting 6 rights, 2 wrongs a previous post that I have written in year 2016, this is an update 2+ years since.


What do we see?

That I have learnt my lesson!

Now 10 rights, 6 wrong. Overall gain for equity portfolio = 8.09%

It would have been 12 rights have I not sold my YZJ holdings a couple weeks ago (@ $1.25, ugh!) and M1 still on board (took up the offer to release at $2.06).


I have no multi-bagger. My overall gain is modest... so nothing to brag about here. No expert at stock picking.

I relent to the fact that I can only control what I can control, which are position sizing and stop losses.

In my early days when I bought stocks via recommendations from some bloggers, they all flopped. That is a painful and valuable lesson. Do your OWN due diligence, don't be lazy!


It is very difficult to build a strong portfolio that can weather the storm. (What we witnessed in December is probably just a small downpour.) It takes one decision at a time, one action at a time, consistency and discipline.

Final note with a quote:

"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." 
- George Soros


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Comments

  1. You are still young. You have plenty of time ahead to pick up multibaggers

    ReplyDelete
  2. Hi Temperament, thanks for your compliment. However, my returns here are not CAGR, they are just my current paper losses/ gains snapshot. I didn't really do the maths for CAGR.

    Now that everything's quite inflated in their share price (bull run has been for too long), it's not easy to get multi-baggers just like what you've said. Unless we witness another Lehmen lvl crash.

    ReplyDelete

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