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


***
Check out my Blog Archives here for previous posts

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

Post a Comment

Popular posts from this blog

Shit happens and I lost my low-hanging fruits

Letters of Administration / Probate - DIY application

Success in life

Time or Money? II

Insights from interviewing candidates

Disclaimer:

The contents of this blog are author's personal opinions and do not constitute advice to hold, buy or sell any securities, commodities or assets mentioned. I do not guarantee the accuracy and reliability of any information provided, and shall not be liable for any losses incurred from reading my posts or using the materials herein. This blog may contain affiliate links to external sites.