Common Sense to Investing
Updated
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In the world of investing, I think common sense is also not commonly practised. When we see charts with red candles or trend sloping downwards, we become fearful and paralysed to take action. In our mind, we kept thinking how low will it go ? Should I wait some more ?
Yes, like the guy who jumped off the 3 storey building, buying when the price is depressed equally takes courage. But not this kind of risky courage of jumping from a 3 storey building where you could potentially harm yourself and/or others below.
If you have done your research, then you know that Mr Market is irrational and temporary price fluctuations is inevitable. This temporary drop in price action is welcome news to investors like us.
Buying now would be quite late imo as the 52 week is at around 36 dollars which it had surpassed that level sometimes back in Feb last year. So, I expect the price to hoover around this range for a while....
You see, I have been using Tradingview platform for more than 8 years and made hell lots of mistakes, lost money along the way, shed tears, banged tables, pull hairs and all. In the past, I will be mindful if anyone likes my post. As I matured in my investing journey, such "likes" become insignificant as I continue to share my 2cents worth of knowledge with like minded people.
It is meant to be taken as a reference point, an entertainment of sort if you will but one must always rely on themselves for their financial decision. Never allow others to cloud your mind and do things you are not sure of. Your money is hard earned so treat it well and it will reciprocate in kind.
In the world of investing, I think common sense is also not commonly practised. When we see charts with red candles or trend sloping downwards, we become fearful and paralysed to take action. In our mind, we kept thinking how low will it go ? Should I wait some more ?
Yes, like the guy who jumped off the 3 storey building, buying when the price is depressed equally takes courage. But not this kind of risky courage of jumping from a 3 storey building where you could potentially harm yourself and/or others below.
If you have done your research, then you know that Mr Market is irrational and temporary price fluctuations is inevitable. This temporary drop in price action is welcome news to investors like us.
Buying now would be quite late imo as the 52 week is at around 36 dollars which it had surpassed that level sometimes back in Feb last year. So, I expect the price to hoover around this range for a while....
You see, I have been using Tradingview platform for more than 8 years and made hell lots of mistakes, lost money along the way, shed tears, banged tables, pull hairs and all. In the past, I will be mindful if anyone likes my post. As I matured in my investing journey, such "likes" become insignificant as I continue to share my 2cents worth of knowledge with like minded people.
It is meant to be taken as a reference point, an entertainment of sort if you will but one must always rely on themselves for their financial decision. Never allow others to cloud your mind and do things you are not sure of. Your money is hard earned so treat it well and it will reciprocate in kind.
Note
wait for 31.60 support level. watch this level crucially.....
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