Slymeat
Move on, nothing to see.
I was an early investor in Afterpay, I actually bought into Touchcorp before the merger. At its peak, my best one day return was 7.2 times my initial outlay. That was an AMAZING feeling. I hope all longterm BrainChip holders will also have that feeling one day.Absolutely agree Quiltman.
I already have accustomed myself from my first intial $1000 buy in Brainchip in 2019 and the 'volatility' in everyday trading from there to a position in which I have accumulated many more shares and large swings in the price and my portfolio value in general.
Psychologically I am not bothered about the price going down which may sound strange. I know the forces at work doing this and I just see it as an opportunity to accumulate more. Brainchip is one of the very few companies I have held in which I haven't really found a flaw fundamentally which it comes to management and leadership, explosive potential, at the cusp of commercialisation, competitor risk (since the Renenas IP contract) and many other aspects I find important for an investment.
What I worry about and need to check is my greed. I have controlled it very well so far and sold a tiny amount only at the large $1's in the last spike to just know I took an opportunity more than anything. I like many here saw it come right down to these prices and felt regret a bit. But it is not really regret. It is my greed and I am being as diligent as I can because I know my time horizon is at least half a decade.
But seeing a large jump at 10% of your investment go up in a day and thinking I can just take that profit now and be happy is so tempting. But I don't. I cannot imagine 50 cent swings. It will be insane. I want to see that and still not bow down to temptation. Grow those balls! There are retail holders who held companies like BHP for decades and have never sold. Dividends is the dream. Hope is real. I wish I could get that wand thing in Men in Black, forget about my Brainchip investment and get all those memories again after 5 years (with password access to my trading account of course as well!)
Anyway, I think it is important for us to reflect on our psychological state when investing.
But on the flip side, there were also many days where I lost multiples of my initial outlay. But never as much as 7.2 times in the one day.
There’s no harm in scraping off a little cream when circumstances dictate. It’s actually a pleasant de-risking exercise.