bpcw wrote: ↑Thu Feb 08, 2024 11:46 am
Interesting that Nvidia from it's previous high in Nov 2021 to it's low in Oct 2022 was down 69%, Palladium is currently 75% down.
Look where Nvidia is now and all the FOMO's will think it can never go down much!
It's challenging not to ponder, "What if I had just gone with the flow? Maybe I should sell now and join the bandwagon." However, I recall the dot.com boom when many experts ridiculed Buffett and Munger for not hopping on the dot.com express. But when the boom ended, this duo emerged as geniuses, while those experts disappeared into the annals of history.
I took modest profits on part of my investment when PALL traded in the 106 to 110 because I had over-invested in it( I exceeded two lots by mistake). When I say I made a profit, I mean it was profitable based on the last two entry points, even though overall, I was and still am in the red. However, I experienced something very similar, and probably worse, when I initially invested in Gold in 2003.
In the end, nothing changes. We still feel the urge to jump in and chase the next big thing. We are instinctively drawn to follow the crowd. The only thing that saves us is learning from past experiences and the knowledge that the party always ends with a shock.
