<<<I’m far more disappointed over my poor decisions.>>>
Why? What decision have you made that is wrong other than going fully in cash, paying the taxes (if any) and buying back in at the bottom?
If NVDA turns out to be a has been, then yeah, there goes one. I do not see any signs of that, but yeah things are turning more negative. I have been concerned about the cryptocurrency issues. NVDA cannot meet demand because cryptocurrency miners are buying up all the supply at stores. If crypto crashes these GPUs may hit the market if alternative uses for them are not found (and there are some other alternative uses) but it could be ouch for a few quarters.
The autonomous driving issue…ouch.
This always happens. I have found that there is little in the way of coincidence in the world. I won’t go into full details of it, but one such instance is when things turn bad, they really turn. And when things turn good they really turn. Things go up, they go down.
MDB was up more than 15% yesterday, today down 7%. Hey, still up! May not be after tomorrow, may be so. Heck, it was up nearly 3% yesterday until probably the Zuckerburg news or something like that. Facebook has absolutely zilch to do with Mongo or AYX or most of these companies, but all go down.
Was it a poor decision to not trade in and out of all these events. Dang, you could have gone immediately short!!! Missed opportunity!
I don’t think so. Stick with your strategy. Time is on your side. If we were in a bubble, that would be something else. TTD is selling for just over 20x fwd earnings, NVDA 30x, etc. If NVDA was a fluke that would be cut in half and still would have a nice profit. PSTG is only at 45x and they don’t really have profits.
A.J. the only poor decision is not to get in the market and invest and create wealth for yourself and your family (if, when any). A poor decision would be to invest in bonds. A poor decision would be not to save at all.
It is but one day in the market. If you are going to celebrate the up, you are going to have reciprocal down days. Ask Saul, he has had many a down year. That is the market.