Averaged Up on Silvercorp Again Today
Today I averaged up on Silvercorp for the fourth time.
Here are my entry prices:
$6.86
$14.85
$16.41
$19.60
Every single time I have bought, I have always had a few days of really thinking about my buy. Did I buy too early? Will it go up? But every single time that doubt has been erased with the stock nudging higher.
I think it is good to have that bit of doubt every time you buy or sell a stock because if you don't have it, that means you are getting cocky.
You think that everything you touch will turn to gold. You think you know it all.
Trust me, as soon as you get this approach, you will get slaughtered by Mr. Market. You will never know it all.
I consider the stock market to be slightly educated gambling. Why should a stock go up 50% one day on no news? Was it 50% undervalued the day before? Is it 50% overvalued today?
Stock market investing is a tough business because it is just like gambling. You have to watch your back and protect your capital. You have to take advantages of opportunities you see. You have to limit the influence of hype on your decisions.
It's a tough business also because you are your own worst enemy. Your emotions can mess up your portfolio in an instant.
So although it's tough, why do we do it? Well I myself love the challenge and when your stocks are going up and you see all the money you are making, it's the greatest feeling in the world!