I drove my dad to Virginia Mason for an annual eye exam he hadn't done for 9 years since he had had cataract surgery in Beijing before he emigrated to the States to live with me. The result was very good. Dropping him back home, I started my journey on I-405 to the office. The traffic was so messy, which took me one hour and a half to pull my van into our parking lot.
It's another intensive day due to the nature of the beginning of the new year. After coming back home, I actually switched from movie channels to CNN back and forth for a while before having dinner, then fell into sleep until 15 minutes ago. Now, it's 4:16 in the morning on Thursday, I am going to take shower after wrapping up the diary and head out on road.
I had noticed my trading account dropping another 8% in the afternoon when I glanced it on my cell phone, then figured out GPRO releasing very pessimistic forecast for its fourth quarter financial performances. Though I lose 75% of the value on it on paper, it's still a piece of shit compared to what I have forgone in my whole life. No, I am not happy but it's just a very small unpleasant part of my life. My hesitation is if I really want to start making efforts to save this account or keep doing something immaterialistic but fun in my spare time, such as watching movies and sports or reading books. As I shared on WeChat with my college buddies, I had saved my trading account three times in the last two decades: Holding PALM to lose almost all value to 700 bucks, then buying and selling several stocks including SINA, AKAM, etc for a period of time to get the account value back to 20K; Betting on Call options on ZNGA to lose almost all value to 2000 bucks, then holding long term call options on FB to make 40K eventually; I forget how I did it for another time but only remember that turnaround started with doubling my account value within 3 hours by trading BIDU on its debut. I am also proud of my gains in my IRA account, which has grown 3000% since 1998 through the gains in a series of stocks including RHAT,VMW,APPL,GRPN,Z,FB, etc.
GPRO might be another securities' fraud but investors are never able to get justice because of the nature of this business. You want to take risks on a small portion of your money and are prepared to lose every penny. This is always my strategy. However, I do have proven records to turn around from ground zero if I want. For example, I can buy a Hero4 and wear it to film when I practice soccer at Lynnwood High every weekend, kids even some of the professionals will learn my Free Kick techniques on both foot.
Ok, it's payday, which will help me cover some of the payments I made last week for my son's tuitions, dorm expenses and dinning account. Oh, I forgot to mention that my son called me yesterday morning to mention that he wouldn't need me to pick him up to be back home this weekend again because he would prepare for his Biopsychology exam. He seems really interested in Psychology. If he decides to pursue it as his major, I totally support. I told him the most important factor for pursuing a major is that he really has passion on it, though I wish he could become an economist.
Without picking him up and dropping him off, I can focus on watching BPL and NFL Divisional Playoff all the time this weekend.
I didn't have time to read Chapter 3 of Economics Rules last night but will do tonight. It's 4:47 AM now, still pretty early.
No comments:
Post a Comment