Today os a day where most stocks went up a lot. Today is the day where Sesdaq hits 300, giving a year-to-date return of 111.5%!
Today is perhaps a lucky day for me too where I just bought Contel at an average 0.242 and it has hit 0.275 in two days. My last purchase was at 0.285 today. Contel is a stock that I have missed out. I should have bought it earlier. It was an ommission mistake
Interestingly, I have also corrected a mistake by doing a one-day contra or selling what I had mistakenly bought yesterday. The mistake is due to faulty analysis.
But I think tomorrow or the morrows after that may be worse. The optimism is a bit too high, too high for my comfort. However, I suffer from over-confidence. I do not really want to sell, as the stocks I am holding are not near my valuation yet.
I do not know whether this is a bad move in not selling. However, I know that I am 100% in the stock market now. I am also underperforming Sesdaq by around 25%. Probably my returns will be better if I have invested in property or construction stocks. But I didn't except for the brief holding period in Orchard Parade. I do not really understand or value property plays.
I am probably a bit too conservative in trying not to buy what I cannot value. Not sure if I can change. So far, I have listed 3 mistakes and it seems that the bullish market is able to tolerate my mistakes.
Nonetheless, I am in a cognitive dissonance now. I am persimmistic about the market but I am optimistic about the stocks I am holding. I am not surprised at my over-confidence. Perhaps I should not be surprised at my failure to held back my over-confidence too. However, stocks and stock market are not the most important to me.
Another is more important but similar to the market, it is out of my hands.
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