I'm not a big time investor by any means.. I have done well over the years though with enough profit to put a down payment on a house few years ago. The biggest lesson I learned is dealing with your emotions.
I can think of so many missed plays and what ifs over the years:
- Bought SQ at 22 and sold at 80 for an engagement ring (it went over 200 after selling at one point)
- Looked at NVDA at 50 and didn't buy
- Sold AMD at 26
But at the same time these plays also taught me that you can't predict the future. Profit is profit. I held stocks that we're down 25% to luckily flip to a profit. This was all due to the confidence that was being built over the years. I can truly say that if I have enough confidence in a company…I will stick through with my plan and hold on without outside influence.
This is why I suggest people to stick with your plan and have confidence that everything will go your way if you learn from your mistakes. Holding and DCA can be your friend.
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