Back in 2021, my diverse investments gained more than 20% (unrealized) profit within a single year. I hoped it won’t stop there. Then in November, the same year, the bullish market for my investments was over. Again, I hoped it will be just a short downturn with a quick correction, so I kept holding (or hodling) the assets.
It wasn’t short – so I keep holding most of my investments ever since then. But what I’ve learnt is that setting a profit expectations in advance (take profit – and stick to that) before closing a position is useful. Applying trailing stop-loss is an even better idea.
And what has really changed since then: I’m doing even more research to become an informed and hopefully a better investor. On many occasions, however, when I think I made an informed and well-researched investment decision something happens and the outcome is not necessarily aligned to the expectations.
This blog is about these learning curves and adventures.