Hello together,

last week Wednesday I bought in my stock wikifolio Wirecard.

The stock was just 3% down and seemed favorable to me, especially as I had been looking for another financial title for some time. So put in the depot with a good 5% weight and didn't think much about it.

I had a bad feeling, there was no news and the DAX was actually quite good.

But I couldn't pass a title that was already close to 200€ and now for 160€.

And then came Thursday: 15% tee shot in the lead. Sh**** . And now?

I reflected on my actions before and during the "crash" and thought about what I did right and what I did wrong.

 

Wrongdone: Listened to the belly

The minus at Wirecard despite the lack of news and otherwise neutral market environment should have been a warning to me.

Whether it was insider trades or short sellers.

Next time I should just think three times about such a supposedly cheap purchase.

 

Done correctly: Keeping calm

I kind of instinctively got it right. I stayed calm and didn't sell in panic.

Whether that was because I didn't invest so much money in the wikifolio or I've been through so much with the stock market I can't say.

In any case, that was the right response.

Done correctly: Situation analyzed

On Thursday, the stock rebounded. I now had a stock that was listed almost 10% in negative territory.

That was acceptable and for me in the normal range of fluctuation.

If it would take a few months now for Wirecard to get back to the exit level, that would be fine for me.

At first, there seemed to be little in the accusations either.

 

Wrongly done: No "duster limit" set

In such situations, it sometimes happens that a stock crashes again after an initial upward trend.

Of course, no one can know whether this will happen.

That was the case with Wirecard on Friday.

Here, stop-loss chains probably tore down the stock from €145 to just over €100. Again -25%. Sh**** .

Here, for example, to put a limit purchase at 110€ at the same volume in the market on Thursday would have almost put my initial loss back into perspective.

 

Done correctly ? After calming the situation repurchased.

Over the weekend, it turned out that there was probably little to do with the allegations. For this I did research as best I could, also the financial blog scene was a great help here.

The share price recovered quite quickly on Monday to a level close to 130€.

However, this was still almost 20% minus in the depot.

Since I am still convinced of the company, I think a further price drop is unlikely and still had capital available, so I decided to buy Wirecard at the price of 128.50 €.

My cost price is thus approx. 140€.

My current loss with Wirecard is thus –8.0%. Trend falling.

 

Whether the repurchase was the right decision, however, must be shown in the future.

As soon as Wirecard is listed again close to the cost price, I will definitely sell a part to reduce the lump risk again.

 

Learnings

• Better to think about a purchase three times and not be tempted by seemingly cheap prices
• If a repurchase is already in the room, put a duster limit on the market

 

Do you know the situation ? Also experienced before ? How would you act? Just write me a comment.