Investing is all about guts
Like Peter Lynch says all the math you need you learn in 4th grade. He also says value investing is really about how much you can stomach. That being said, do you guys have any methods you use to keep your head straight when things go super red? I just started buying stocks last year and aside from one stupid play which cost me about 2.5k in losses, I’ve been picking solid stocks and have faith in them. One thing I’ve noticed is that I get psyched out when I find something decent and it starts taking off. I’ve convinced myself now to put it on a watchlist for at least as long as it takes for me to do DD. What I’ve found is there’s far more things that have not panned out than that would have if I jumped on them.
Overall I’m disappointed in my loss but I definitely deserves it as I was playing it like a casino. I chalk it up as a stupid tax/lesson learned but in a way it is really good to learn that lesson early as I am only 23 and have time to make up for it.
Basically if you find value how much do you gotta rush into it usually? $S&P 500 Index(.SPX.US$ $Apple(AAPL.US$ $Imperial Petroleum(IMPP.US$ $Camber Energy(CEI.US$ $Occidental Petroleum(OXY.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Birdistheword : You don’t have to rush in if you don’t feel comfortable. This is all other dd you must do aside of course, but you can get in when you think it’s at a low point. Low as it will get for the near future. Although, some things you’d like to get in may not have much downside in the short term. Some people feel more comfortable waiting to see upward movement in a stock that has been declining before investing.
I enjoyed the read. Don’t worry, there are others that have losses, though some may not admit it. It comes with learning and the territory. Sometimes we don’t call it exactly right. “The dip of the dippity dip” , is sometimes hard to pin.
Dons hobby : Your right again Bird, Hope we kill em next week have a great weekend
Birdistheword Dons hobby: Thanks Don I hope so too! You as well.