What lesson should I have learnt from META?
Hello everyone, I’m (20M) very new to investing. A month ago I ported a third of my portfolio, about $20K, into META at 545 (I worked since I was 18 and stay with my parents, so I have these savings). A couple days later, it soared into 592 premarket, before falling to 560 thereabouts. This was in reaction to the lawsuit being settled. I happened to be online at this spike, and was debating to sell or not. Afterwards, I felt I had let greed gotten the better of me. That was a huge gain in a short time, and I should have realised it.
Taking this lesson, a couple days later I happened to be online again when I saw META soar to 585. Remembering my resolution from last time I sold it and realised a $1.5k profit. I was very happy as the price soon fell back to the 560s
Well, now META is at 640. Had I held, I would have made so much more. I parked the money in the S&P instead (currently at -$200, lol) But I don’t know whether I should take this as a lesson or not.
On one hand I feel my decision at the moment was rational as it felt like a huge gain in a small time and there was uncertainty about the future performance of the stock, which was a huge part of my portfolio. On the other hand, the opportunity cost makes me think if perhaps the right call with these Mag 7 stocks is to keep holding. How do I balance these two? Thank you