Dryships - My first 100% return on investment

I have blogged that I divested partially my shares in dryships to reduce risk on August 7 2013. Got back all my capital plus some profit. Just one month later, the share price has gone up by another 70%. Currently, the price is officially double of the price which I initially bought at 1.52. Technically speaking, the return is about 50% since I divested some one month ago. No doubt I'm happy about it as its still quite a substantial return.

I initially bought it last year November 2012. Investing period is less than 1 year. Why has it gone up so much? I can only rationalize that the shipping sector is recovering which I had bet on since last year. I had thoughts that the shipping sector might have reached a bottom as it consolidates at a support for many many months.

It may be a small achievement thus far as I blog about this as part of my journey in investing. I had lost a lot in my investment in NOL 3 years ago when the crisis hit. It was also a shipping stock. I had wanted to give up investing once and for all but I choose not to. I choose to learn everything all over again. It may have been because of my losses in NOL that I really learn about the shipping sector. I would say I learnt it the hard way.

The important thing is never give up when you suffer a setback in your investments. Patience and a humble attitude to learn will bring you back up. I hope my story will inspire those of you who lost money in the stock market to not give up. Persevere on and you'll see results one day.

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