Learned my lesson about speculative/penny stocks


My speculative trades totally wiped out all my good ones. I'm lucky to be at about break even. What's crazy though is I always knew when I was making speculative trades but made them anyway. They're almost always things I don't even use or have never heard of. Had I stuck to things I actually use, rather than things like…well let's say a certain theatre company (haven't gone to a theatre in years and I make my own popcorn, don't eat much candy). It pains me that I ever let myself get sucked into the hype. I could have avoided this if I really considered that essential question- do I even use the thing I'm going to invest in? I think that's how I'm going to make my trades for now on. Only investing in things I actually use and can see myself using for the rest of my life.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *