I got dealt a good set of cards this time
A month ago, I was in camp, bored and restless. I decided to take a look at the biggest loser list on the stock tracker I was using. At the very top of the list was the Noble Group stock which was down more than 10%. A curious me looked further into a longer timespan and realised that it had already fallen more than 80% since 2014. Lacking the tools and motivation to dig deeper into its core business or circumstance, I immediately bought it at $0.345, hoping that it would recover the next day simply through momentum.
It continued falling. Throughout early February, it went down to a low of $0.27. I debated with myself – one part of me was itching to double down and yet the conservative side of me held back. After thinking through, I decided not ......