09/09/2020 Wednesday, Cloudy
At last, Nasdaq bounces back! Tesla is up by 10%, Zoom 11%, Apple 4%, Amazon 3.8%, Microsoft 4%. As I used up my amunitions too early, I couldn't enjoy the ride from the bottom up. Still, most of my stocks break even. Given how big the crash is, it's still good news.
Lessons learnt:
1) Wait for the right moment to invest the big chunk of your money. This might mean you have to watch some stocks go up and up and you miss the chance to ride the tide.
2) Market corrections will come, big or small. Without corrections, profit can't be taken away. The higher it peaks, the further it falls. The up ride is slow and bumpy, the down ride is fast and short.
3) Be quick to take your profits before the fall. Sell all your stocks quickly. Wait for the bottom patiently and re-invest in several batchs depending on how big the fall is. A small fall could be just one day or two, a big one could take 3-4 days. The biggest meltdown this year lasts from 20/02 to 20/03!
Two great websites:
https://www.macrotrends.net
https://www.longtermtrends.net/price-earnings-ratio/
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