This crash today is a good reason why it's good to stay invested.
-> $Applied Optoelectronics(AAOI.US) is still up 233%?-> $IQE is still up ~100%?-> $SIVE is still up 100%+?-> $Lumentum(LITE.US) is still up ~88%?-> $Tower Semicon(TSEM.US) is up ~48%?-> $SOI is still up 36%?Even after today my $AXT(AXTI.US) positions are still up ~680% after the drop today?Yes, red days look rough if something drops 13% or 20% and especially so if you're later to enter.But if you keep thinking it's going to:-> drop from $500m and sit out-> drop from $1b and sit out-> drop from $2b and sit out-> drop from $3b and sit outBy the time it's $4B and there's finally a correction 15%, you missed out on the entire rise. People can say "hindsight bias, you're posting after it went up". No, I've posted these are the returns after my original thesis, and I'm just riding the wave up. I keep getting trolls like these in my comments sections, but hope it doesn't make others panic. Not everything moves in a green line up, same applies to other sectors and stocks if there’s no material change. Risk exists. And portfolio sizing is very important.But if you’re going to enter higher beta names in bottlenecks especially with a clear thesis in mind.Need to learn to embrace the volatility for your thesis to play out.Source: Serenity
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