I think a few are getting impatient or are intrigued by another stock and selling down as a result... here’s a few things you can do and practice to help you personally and with your portfolio
1. Research
Yes the last few weeks on this stock have been rather boring as we await the news from the chest ward in the hospitals from India but I think now is the time if you haven’t done your research devote an hour a night and get yourself up to speed on this tech and it’s potential.
2. Stay in a positive mindset
Eat well, sleep well, learn and exercise! It’s very easy to get caught in a bad psychological state of mind and seeing a bit of red or lacking patience might tempt you to sell your stock down putting you in worrying state of mind in which if the stock goes up will create remorse! You may have a bad day or may not feel the best but that doesn’t mean your portfolio has to suffer!
3. Don’t spend money you don’t have
Don’t put yourself in a position where you buy too much and have to sell as a result to pay the bills and put food on the table, always buy conservatively allowing additional cash for unexpected expenses you don’t want to have to waste money on brokerages fees right?
4. Accumulate at a steady pace
Top up little by little as funds are available but be patient let the sellers sell down to you make a hard bargain, the sellers want you to buy up to their level be stronger than that and let them sell down to you
5. Don’t be tempted by a mistress
A stock can come in the form of a lady wanting to seduce and trying to persuade you from being faithful she will boast she will give you more returns and endless supplies of excitement! You may jump on but it will take you for a ride of excitement and you may have some good times but underlying the stock is a dud but looks amazing from the outside, always stick to your original plan and only sell when your reason for buying changes don’t sell yourself for the mistress because the impulsion to jump from one mistress to the other grows and will eventually leave you empty handed
6. Look at everything in the long term
When buying a stock look at the big picture instead of the day to day activity, keeping your eyes on the bigger picture will keep you level headed and in the game getting caught up in the day to day activities can lead you astray
Good luck to everyone, we should see news soon but for now there’s plenty we can do
PO3 Price at posting:
$4.50 Sentiment: Hold Disclosure: Held
(20min delay)
