Authors That Pragmatic Guy
[A quick thread]
So yesterday I sold two of my holdings that I didn't like very much for the following
Risk reduction in the case of DataDog. I have too many holdings in a similar space. GoodRx's business model doesn't entice me as much as I would like it to. Ultimately, it was to free up some cash in the event that a significant dip comes along. I like to keep 10% in free cash.
— That Pragmatic Guy (@MpiloGMangali) February 16, 2021
I know what you thinking: "smart move! 😎"
Will I be going on a buying frenzy today? Not quite. I think I'll sit today out. I've had some great lessons about the dip that I'd like to share with you.
I came across this fortune teller on YouTube who could predict pullbacks.
If this guy is anything to go by, we may have a sale on our hands next week. Do you have:
— That Pragmatic Guy (@MpiloGMangali) October 21, 2020
a) Free cash available, and
b) Wishlist of holdings you want to add to? pic.twitter.com/ASCrGy3H71
Of course I thought to myself, I'm going to be smart about this and decided to split my money over the full week because no one can predict the bottom. However, this
I'm not okay. I've been buying stocks bit by bit since Monday and by Tuesday I got greedy and decided to split my money to last me until yesterday. Today, the market is even lower.
— That Pragmatic Guy (@MpiloGMangali) October 30, 2020
I deviated from my original plan to split my money over the full week and it cost me. pic.twitter.com/1kcRgvj5H3