I had a decent year and so far I've learned a lot, this is m...
I had a decent year and so far I've learned a lot, this is my 3rd year trading so I'm still learning more every day and thankfully there's an app like this to help with that.
That being said I ended up selling off a lot of my crypto and securities just to make ends meet with our new baby who is 3 months old this week ![]()
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so, I while I may have positioned my trades very well I think, I'm up and actually profitable in all of my accounts and my ira, I over extended myself investing and underestimated the cost of a child. So while I'm completely satisfied with my level of knowledge and trades I've made especially given my limited experience and the fact that I got into the market at the worst possible time(the height of the 2020 to 21 bull market or very close to the top, i.e;tesla was 1100 although it subsequently did a 3 for 1 forward split and I dca'd my way into a profitable investment, you can maybe start to see the picture I'm poorly trying to paint).
So a big reason I'm up is that I just refused to sell a lot of things and instead averaged down all the way down and it was painful to watch so you can imagine when we started to rally this year and my investments finally started paying literal and figurative dividends, well, being forced to sell was not what I had planned on but neither was having a child ![]()
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but who knows, as they say everything happens for a reason and maybe I got out of some things at the perfect time but what I refuse to trade is the love I have for my daughter, although I've heard it'll be my most costly investment ever ![]()
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thanks for letting me share if you read this whole thing.
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Hi, my name is Mike and I'm looking to learn and build a little extra cash up. Always open to learning something new
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maddhatter : Been in the market about as long as you have. A year and a half now concentrating mostly on day trades. It keeps assets liquid in case of a crash. However, I don’t trade every day. Maybe 1 a week or even fewer. I look at it this way: I’m sitting on hill watching a warehouse full of ammunition (money). Watching people (traders) make raids. Some make a getaway with more ammo and some get wiped out. When the stars align and all of the parameters are positive it’s time to saunter down to the warehouse and make my own raid. Escape with more than you came with. Be in and out as fast as it seems prudent, and don’t hesitate to cash out losses as fast as possible. The warehouse will always be there. Tomorrow is another day.
maddhatter : In other words: it’s easy to track a horse through four feet of snow. Where it’s going is harder to determine, but usually it’s back to the barn.