My thoughts & actions today:
- Be greedy when others are fearful. (- by Warren Buffett)
Easy to say but difficult to implement.
- Courage
It takes immense courage in the wake of extreme pessimism to fly against the wind.
- Conviction, Experience, Contrarian.
We need to get our hands dirty & study carefully, do the homework so we can build conviction. We should be able to differentiate if a company post fall will act like Kotak of 2008 or Unitech of 2008?
I have doubled my stake in THE N today in 120s. Exited all my trading positions & effectively active trading. My current positions are not for trading but to nurture & grow.
When placing the buy order today – Jan 23rd, 2023:
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My hands were literally shaking.
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My Apple Watch notified “You heart rate is high even when you are inactive”.
2 other examples were on my mind today, I will write them later.
Disclaimer: I want to see this post after few months/ 1 year & reflect my learnings of today’s actions. Fingers crossed. Nothing I write is construed as investment advice as I’m not RIA.
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