$IQ - IMPORTANT NOTE -
Added 2023-08-04 12:26:21 +0000 UTCThe unfortunate truth is, when a stock runs, we hope for a pull back, when the pull back comes, we don't buy.
This is true for 90% of people who invest.
The 10% that do buy are the ones who are making money.
$NIO is a brilliant case study here, we got everyone in this group to wait until the buy zone came before buying, in spite of 9 aggressive bounces before the buy zone happened and when the buy zone came, we wanted it to go even further down so we could get more value which was great to see.....as we trusted the analysis and now we are up over 120% in less than 2 months.
But for the vast majority of stocks, we do not buy like this, why is that?....especially stocks that I have uploaded as Charts of the Week, this is something we must consider going forward, stocks remarkably give you a second chance to buy. $IQ, $BABA, $TSLA, $NIO are all perfect examples.
The one way to change your mentality towards this is by shifting your view from short to long term......everyone wanted $NIO to go lower because we are all prepared to hold $NIO for long term or until we get the gains we expected, so it made waiting a lot easier....this same approach should be applied to everything we buy.
This is why I have added again $SQ and $PYPL, I am getting more value now and all I need to do is sit on them and wait for the market to realise their value, when their fundamentals improve but their price declines, this is an opportunity.
It's great to be making money on stocks but do not forget the lessons, we get a lot of lessons in downtrends and bear markets, we won't forget to improve in bull markets too.
