We always stay in touch with the market and pay attention to the potential upside stocks. Before we pull the trigger to invest in them, we will do a thorough research about the company background and decide when to buy by looking at the technical chart.
Of course, we do not always invest on all the research we did.
We couldn't remember what was the reason we didn't pull the trigger on Blackmores Ltd (AU: BKL), an Australian company specialize in manufacturing vitamin and natural health products.
At that time of research, the share price of Blackmores Ltd was trading at $30; if not mistaken, it should be in the year of 2014. When we looked at the share price yesterday, we were shocked to find that the stocks was at $185! 500 percent increment from the price we last saw!
Well, these are the things will happen along the investing journey! Sometimes, we might missed the chances of making big money, just like Blackmores Ltd! Sometimes we might just pocket small profit before the big uptrend happens! Or, we might be too late to join the bandwagon; as soon as we invested, the trend turnaround.
That's why we have our J&M investing rules- no emotional trading or investing, never chase a stock we've missed without doing homework, never fall in love with your investment, never look back on a stocks we've sold, never consider to invest in the stocks we had previously made money...
We always believe if we missed this opportunity, there will always be a better one coming soon. We believe there will always be a right stock at the right time bring us a big fat profit. Have we meet the right stock at the right time yet? Yes, we did! And we believe there is more to come in the future.
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