Just wanted to share our recent investment fiasco to reinforce index investing and discourage individual stock trading. After a very long time, we tried trading stock of a company called Super Micro Computer SMCI
Timeline
1. June 26 - Bought @ 820. Immediately it went down to 808 and very slowly came up a little. Panicked- sold all at 825 the same day !!
2. June 27 - painfully saw stock shoot up to 890. Regretted our decision to sell.
3. June 28 - opened high to 900 but started going down. We bought at 860 - as it was going down more, we sold for loss at 840. Stock closed at 820
4. July 1 - if it shoots up, we will live through with regret yet another time.
Timeline
1. June 26 - Bought @ 820. Immediately it went down to 808 and very slowly came up a little. Panicked- sold all at 825 the same day !!
2. June 27 - painfully saw stock shoot up to 890. Regretted our decision to sell.
3. June 28 - opened high to 900 but started going down. We bought at 860 - as it was going down more, we sold for loss at 840. Stock closed at 820
4. July 1 - if it shoots up, we will live through with regret yet another time.
Statistics: Posted by prettybogle — Fri Jun 28, 2024 10:25 pm — Replies 2 — Views 303