Abstract: Explain the reasons of buying US stock Facebook (FB), Nvidia (NVDA) and Paypal (PYPL), and sold ARKK and share my views.
Transaction detail
What I want to share with you today is the transaction I made on October 4. The details are as follows:
Bought stock
- Facebook Inc (US stock code: FB)
- Quantity: 2 shares
- Bought price: US$252.22
- Commission fee: US$0.35
Image source: https://seekingalpha.com/symbol/FB/chart
Bought stock
- NVIDIA Corporation (US stock code: NVDA)
- Quantity: 3 shares
- Bought price: US$197.02
- Commission fee: US$0.35
Image source: https://seekingalpha.com/symbol/NVDA/chart
Bought stock
- Paypal Holdings Inc (US stock code: PYPL)
- Quantity: 3 shares
- Bought price: US$252.22
- Commission fee: US$0.35
Image source: https://seekingalpha.com/symbol/PYPL/chart
Sold stock
- ARK Innovation ETF (US stock code: ARKK)
- Quantity: 24 shares
- Sold price: US$106.615
- Commission fee: US$0.37
Image source: https://seekingalpha.com/symbol/ARKK/chart
Reasons for Selling ARKK
Today, I saw a large decline in some of my favourite companies’ stocks. I thought it was a good opportunity to increase their share positions, but I didn’t want to increase the leverage level. After checking the stocks in the position to see if there are some suitable opportunities to adjust the position, comparatively speaking my confidence in ARKK is weaker than that of the stocks I want to increase, so I decided to sell some of my ARKK position so as to exchange in equal value with my target stocks at this price level. Although I believe ARKK which has fallen a certain degree will rise back after market sentiment is recovered, I am more interested in the three stocks mentioned below in which I have greater confidence.
Reasons for buying Facebook, Nvidia and Paypal
Today I found that the share prices of these three stocks have fallen by about 5%. First of all, this is not an opportunity that can be seen often. So as mentioned above, I decided to sell the equivalent value of ARKK in exchange for each of the three stocks to increase a small position. The current market conditions are a bit pessimistic, but in fact, if you choose to invest in stocks, you should be psychologically prepared. You should choose to invest in some company stocks that you think can pass through the bull and bear market with a high probability. Even in times of poor market conditions, if the company’s business is still good, there is nothing to be afraid of. When the market conditions improve in the future, it will be able to rise back again and create value for you.
I understand that in the long waiting process especially during the big bear market, it is not easy to see the value of the stocks in your holdings continue to fall, so you have to learn to build strong confidence in the companies you invest in, and then keep buying in when you have spare money. Don’t think that you can buy the stocks at the lowest point, as long as you buy a good company, its value will be reflected in the stock price sooner or later. Of course, as an ordinary investor like us, it is impossible for us to have unlimited funds to continue to increase our shareholdings, so in fact, it is more important to learn to wait patiently than to increase positions. In the long investment period, the most common thing to do is not to buy or sell, but to wait patiently. This is absolutely the key to your long-term victory in stock investment.
Comments and sharing
If you have any questions, please feel free to leave a message or comment below, I will reply you. Or if you find anything incorrect in the article, please let me know and learn from you. If you find it interesting or it may help you in any sense, please share with other people.
