ConsiderationOne5943

ConsiderationOne5943 OP t1_j155cjf wrote

Because you assume I bought this, hoping it would reach its previous peak (which is also invalid). I feel some hostility but in all honesty I just want to share my result of the past year even though it's been a very bumpy ride. Pointing out that it doesn't matter if at one point you are -40%> it's the storm you need to ride! Don't want to be rude. 👍

1

ConsiderationOne5943 OP t1_j14z0yy wrote

Thanks mate! Patience, really. If you zoom out and wait out the storm long enough, you really need to have bad luck to get a loss. Time in the market, not time the market!

Also, watching stocks that have crashed and buy these very low and sit out for like a year really helps!🙏

1

ConsiderationOne5943 OP t1_j12e1mj wrote

See my previous comment, I don't take short-term positions in a stock. I try to stick to one or max 2 tickers for at least a year. Like they say, it's not about timing the market but time in the market. Went in this ticker in July 2021 first, after getting to know about the educational policy changes in China. Been reading a lot of it to understand the impact and if it would support the drop from 150$ to 0,67$. And I guess you understand what my conclusion was. This will easily get to 10$ at least, next year.

9

ConsiderationOne5943 OP t1_j12a2hv wrote

Been in this ticker for more than a year, constantly selling and rebuking to increase share count. It finally started it's well-deserved move. It's one of the few for-profit EDU companies and compared to TAL they are in a much better position.

8