I have a rule to not chase stocks. Periodically, the market gets tired of fast growing yet non-GAAP profitable businesses, presenting buying opportunities. In these moments, I start adding - where the valuation aligns with or, preferably, falls below its own historical trend. But that's a simple technique that I apply for all the stocks I own. As your timeframe expands, the grip of FOMO loosens.
Great write up thanks. What's your approach on valuations for adding to your high conviction names? Ex. NET, TTD, SNOW, ZS
Thanks, Isaac!
I have a rule to not chase stocks. Periodically, the market gets tired of fast growing yet non-GAAP profitable businesses, presenting buying opportunities. In these moments, I start adding - where the valuation aligns with or, preferably, falls below its own historical trend. But that's a simple technique that I apply for all the stocks I own. As your timeframe expands, the grip of FOMO loosens.