ParrotStock's avatar
$245.7m follower assets
Calm in the Storm
Everyone (except Twitter experts) is getting beat up in this market, and has been for most of the year. It's easy to get discouraged, use hindsight to kick yourself on what you should have seen coming, and panic/give up.

The reality is, no one really knows when the tide will change. Now more than ever the market is front running what it thinks will happen in a year or two or five. In example, the market historically does well at the start of a rate increase cycle... before it doesn't. We are front running the "doesn't" part. No one really knows what will happen next.

I've been mostly MIA from the market the last couple of weeks, and catching up yesterday I took some time to reflect. Man, I made some really good decisions over the last year. Both on trades, entries, and exits. Stand alone decisions that I'm really proud of.

The thing is, those decisions get clouded by a terrible market environment, especially for growth equities. Everyone is screaming that it will take years, and many of these companies will never make it back to ATH's. True. But one or two will make the rest insignificant.

There are plenty of mistakes along the way as well. Hindsight is a B*tch. But there is no use chasing what is gone, it's important that we focus on what's ahead.

This market is not likely to be done beating us up, but it will recover. Keep focused on company performance, make the best decisions you can at the time, and stay calm. Five years from now you will be glad you did.

Celebrate a win in the comments ๐Ÿ‘‡๐Ÿ‘‡ ... It might make you feel a bit better. At least it helps me remember I'm not always quite as dumb as I think I am. ๐Ÿ˜Š

๐Ÿฆœ
sam stribling's avatar
Nice! I crushed on $TELL and $MCD this year (felt all warm and fuzzy and smart lol) but definitely in the same camp as you @parrot. I think taking a step back is healthy especially if you are emotionally attached to your holdings. Iโ€™m fortunate (oddly enough I am saying this) that I have been beaten up before and will be beaten up again in the future. As always Iโ€™m ride or die. Things will recover, just a matter of when. So hang in there!!
ParrotStock's avatar
@strib ๐Ÿ’ฏ Not the first time we've been beaten up. Comes with the territory.
sam stribling's avatar
@parrot lol aaand the brutality continues I need to scrape together some more cash to deploy.. thatโ€™s the one part they leave out of the โ€œbe greedy when everyone else is fearfulโ€.. they are fearful bc they are out of cash!! lol ๐Ÿ˜†
ParrotStock's avatar
@strib Exactly... I'm adding in other accounts, but its doubly bad in the main account I share when I can't/don't add cash.
ParrotStock's avatar
Smarter than Elon!...

Bought $TWTR @ $48.50 & sold at $68 for a 40% gain in 3 weeks.
Joshua Simka's avatar
Not a win in terms of a return this year (ha!) but I have managed not to sell any shares of my biggest/highest conviction positions in response to all the volatility and in the case of a few like $TTD and $DDOG I have even added :)

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