I got dealt a good set of cards this time
A month ago, I was in camp, bored and restless. I decided to take a look at the biggest loser list on the stock tracker I was using. At the very top of the list was the Noble Group stock which was down more than 10%. A curious me looked further into a longer timespan and realised that it had already fallen more than 80% since 2014. Lacking the tools and motivation to dig deeper into its core business or circumstance, I immediately bought it at $0.345, hoping that it would recover the next day simply through momentum.
It continued falling. Throughout early February, it went down to a low of $0.27. I debated with myself – one part of me was itching to double down and yet the conservative side of me held back. After thinking through, I decided not to do anything as I was clearly clueless about Noble Group’s core business and future prospects. During the past week, the stock rallied 25% and I sold my stock at $0.375 for a neat 8.7% profit. Not that I am unhappy to have made my first realized profit, but it left me puzzled as to whether what I did was right.
Should I have bought the stock in the first place?
Would one favor decisiveness over deliberation?
Should I have doubled down?
Or was it sheer luck I was able to have made it out with a profit?
hayfactory 
Hi
Do you mean you are unsure if what you are doing is the right move or not?
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Yeah, it’s like gambling after all. If you got lucky and won the 4D on your first try, does that make buying 4D a good move?
Sometimes you have to be decisive to get a stock at a good price and being hesitant may cost you a good opportunity.
So when an opportunity is presented to you, do you perform your due diligence and risk it slipping away? Or do you take your chances and jump right into it?
It seems that if you make a profit with a hasty trade, it’s called decisiveness and if you lose money, it’s called impatience.
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