[Day 2 - Navigating the PLTR Drawdown: A Test of Conviction] #MyInvestmentDiary
Operations:
Currently holding Palantir (PLTR) with an average cost of $194.643. The current market price is around $154.86.
Reason:
I initially invested in PLTR because of its massive moat in AI-driven data analytics and its steady growth in both government and commercial sectors. Although the position is currently down -20.18%, I believe the long-term AI narrative and the company's fundamentals remain intact.
Insights:
Seeing a 20% drop is never easy and definitely tests one's psychological resilience. High-growth stocks like PLTR are often the hardest hit during market volatility.
My current strategy is "patience over panic." Instead of selling at the bottom, I’m choosing to re-evaluate my original thesis and stay focused on the long-term horizon. Investing is as much about managing emotions as it is about managing capital.
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