As you trade the market, you need to acknowledge the fact that you could be utterly wrong at your judgement at some point of time. These are golden nuggets worth to give you a lifetime lesson and reflect on your initial investment thesis and decision. I had to admit that #LMND is a company that I have high faith on since last year. I was sold for their storytelling on how a well-built algorithm and platform can change the financial and insurance ecosystem. Nonetheless, it is disappointing to see that their execution is under expectations. #HaiDiLao is a new positions I added this year after the food poisoning scandal. Although I bought it at a relative cheap price, all the negative consensus and things happening around at current macroscopic level is pushing the stock price further down. #SKLZ on the other hand is a greed driven trade, and I regret for just looking at the numbers on surface while did not dive deeper into my investigation.
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I will not be adding any more positions to these companies as we move towards next year.
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“Double down on your winners and dilute your losers.”