The mistake I made in investing journey(IM#246)

I always start everything with my intuition and try to express them logically and create a mental map of what works me the best in the context. This is true in my investing journey too.

The mistake we all avoid is we expect the price of our stocks to go higher. But we don’t know that for stocks to go higher, it should first go down. For example, you expect the price of Snapchat(SNAP) to go to $20. Right now its price is $11. So for it to bump up to $20, it first should go down to $6. That’s what exactly happened to Snapchat. And my biggest weakness is I do not exactly know when to buy and when to sell. Then I realized timing is everything is investing.

 

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