A stock I owned plunged a whopping US$64 recently (US$176 to US$112)!
So, I have been watching its price action like a hawk for the past few days.
When it dropped further to US$111 last evening, I thought I saw a support level that may cause the price to go back up.
I felt tempted to buy in more and “teach it a lesson” for dropping so much on me. But alas, I resisted and walked away from my computer because averaging-down is not my trading style.
However, throughout the night, the thought of “what happens if I am right?” kept coming back. I would have missed earning a handsome profit as this stock’s price movement can be as much as US$30 a day.
This gnawing, FOMO feeling refused to go away. I have to fight it by repeatedly reminding myself that I might be wrong.
You know the feeling of having the devil and the angel on each side of your ear trying to get your attention, right? That’s how I felt the entire night.
I went to bed with a war happening in my head!
Do you want to guess how much the stock price is this morning?
US$95! It came down by another US$17!
Yay!
Damn!
Yay, because I didn’t buy more.
Damn, because the value of my stock dropped by another $17! ?
I think I’m a difficult person to please.
