"...be fearful when others are greedy and greedy when others are fearful."
-Warren Buffet
Easier said than done I'd say. I started investing in stocks since end of November, and I should say that it has been an "interesting" experience.
I had some beginner's luck when I first opened my online trading account. I should say that buying low and selling high within days was an extremely satisfying experience. Making money suddenly seemed so easy, and I even wondered if I could sustain myself financially by just doing tradings.
Of course, as the Malaysian saying goes: "You think everyday Sunday meh??" Soon enough I was finding myself stuck when the market was going down as a whole. Seeing reds was an equally "un-satisfying" experience, and denial started to set in. "Ok one la, lose a bit now, by holiday seasons it should go up" "Nevermind one, Obama's gonna sworn in, bull ahead". BS. The unwillingness to admit that a mis-judgement has been done, combined with the insatiable greed when times were good, inevitably pushed me closer and closer to where I started.
So, right now I think I should re-evaluate my strategies. I should be more disciplined, and be more willing to sell even if I am already losing. Well, didn't I already know all that? I guess maybe my best bet is to hire a group of monkeys and let them throw the darts...
Back to the reason I am writing this. Today is the first day that my portfolio (bombastic sounding, but really, it's just a small sum of money) turned negative, and things don't look good in the short future. How bad? I bought AAPL at 84.74, didn't sell it at 97, and now that Steve Jobs has announced that he is stepping down, the after hours trading price is hovering at 79s...serves me right man. There's nothing much I can do now except being a long investor. Wait, what about 壮士断臂?? Haha screw that...
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