Had doubled down on Zomato recently at 180 rupees when people were bearish, loving it 📈
Had originally bought at 55-60 levels. But believe in Zomato, so doubled down at 180. It looks amazing on portfolio now :)
I used to work at Zomato. Left zomato while share price was ~ 50, had substantial esops at that price. Additionally I sold off most of my esops at an average price of around 70-80. I am having peanuts in comparison to what I could have.
Ah fuck Damn, that is sad to hear. What made you sell early?
Congrats, you deserve to celebrate. Your next goal should be - My next high conviction bet should double my annual salary. If it's not, then you are not right sizing it.
I also started investing in Zomato from 45. But my last cheque was at 150. Couldn't build the confidence to double down after that and regretting it maasively now.
A 1.5x on 10X is better than a 4x on X
Your portfolio allocation on a strong conviction bet is not great.
Why is that?
I sold at 130. Booked 2x profits so nevermind. Notional wins and losses will always be notional