My investment in 10x Genomics.

Thoughout the duration of my investing this was one of my worst investments by far. The causes were a mix of misjudgement and unlucky timing. A idea that is necessary to understand in the stock market is that even with research and chances positive for you, there is always a risk. However, there are many ways to minimize these risks and suppress the impact when you make a bad decision like this.

My 10x Genomics (TXG) investment.

Initially during my first investment, from my research it seemed like TXG was a company with huge potential, being a medal company that develops a new form of gene modification, I believed there was chance for a huge upside. Additionally, from its company history, stock prices have been way higher, over $60 compared to the $20 per stock at the time. Overall with a good company team, a small but powerful medical sector, and a history of success, I decided to invest around $6000 worth of stocks, or around 300 common stock.

Why did 10x Genomics (TXG) fail?

One of the main reasons TXG failed was a lack of substance over a period of time. With the quarter report coming up, TXG failed to confidently provide satisfactory earnings. The company reported their earnings lower than investors expectations, reflecting a company that was slowing down. With unsatisfactory statistics, investors lost trust in TXG's ability to exhibit progression. Additionally, other companies started entiring the niche sector, expanding the market and creating competition for TXG.

The result of my investment.

By around 3 months into my investment, I lost around 30% of my purchase value, crashing from $6000 to around $4000, a $2000 loss, highlighting the risks of investing. However, with good research and safe investing, I anticipated and softened the bad investment. First, preparing for a eventual bad investment, I diversified my investments, softening one loss by gaining on another. I also loosened the impact by buying after the crash, to lower the average loss statistically. These measures added with good research and safe decisions guaranteed that even a bad investment would not be as dangerous, and would be opposed with positive and good investments.