💎Lessons I've Learned

Everyone messes up, and I am DEFINITELY no exception. I figured it would be useful to write some lessons that I have learned while investing to hopefully guide you to not do the same, as well as remin

Look at yourself objectively

When investing, I've learned it's really easy to get ahead of yourself and get mad at the money that you could have made, looking at all the hypothetical around the world about how much money you have technically lost out on. Try and think of yourself in a void, away from all the decisions you could have made. Like me, I let them eat me up sometimes and get mad at myself, regretting every choice I've made. These possibly poor, quick thinking decisions is what led me to create this page specifically, and to remind myself it was inevitable I was going to make a decision like this. In the long run, by learning from these lessons you are saving yourself far more money than you could have lost. It is good to learn them sooner than later.

Don't let quick thinking overrule research

I learned this while investing in Rivian during the R2 launch. Reading about the company profile I made a decision to invest as I felt that the R2 was going to be a big hit, and boost Rivians stock. I was correct, sadly I sold at the first sign of a dip, which the stock recovered from due to the subsoquent media coverage, which, if I had thought rationally I would have came to the correct conclusion and been up far more. It is very dangerous to say but, if you have done research and truly have faith in a company, rather than random quick thinking, rely on the knowledge that you had and is in your gut rather than the knowledge of the last 5 minutes and panic on a graph.

Don't let FOMO guide your decisions

While doing research, it is important to not let a fear of missing out impact your investment decisions. Such as a recent case with Nvidia and semi-conductor manufacturing, I see many people investing after the spike due to the trends that have been shown for the past few weeks or months. As everyone says "Past performance is no guarantee of future results". It may suck to miss out on a big spike on something, however joining late is absolutely no guarantee of profit. It is often wiser to examine why the spike happened, if there is truly still room to grow with coming announcements or sentiments, and what else may soon be in the same boat.

Missing out on a big spike does not have to mean that you missed out on profits. As the information gained from it can still help you in the future :)