Three rules for riding the waves of the stock market 😎🌊
In almost every instance, new retail investors lose money because they let fear & greed affect their investing decisions
But you don’t have to let panic selling & FOMO wreck your account
Three rules for keeping calm, partying on, and riding the waves of the stock market:
- Don’t sell a stock at an All Time Low. If you haven’t cut your losses (like you should!) on a stock that’s become a sinking ship, don’t sell it. Hold it. The exceptions to this rule are: A. If you need the money or B. if the company is going out of business
- Don’t buy a stock at an All Time High. The rollacoaster drops after it chugs up the track (most of the time). Sell here (if you need the money) or hold
- Be careful about IPOs. Many an IPO has sold off from glorious heights to back-breaking prices (Ehem! Alibaba. Ehem! Bumble.). Don’t buy the hype. Instead, let the dust settle and *buy the value*
Next time your favorite stock tanks or some random news person (wearing a suit with all the confidence & rizz) screams “BitCoin is going to $100k!” you can rest easy by riding the waves in style 😎🌊
In the wise words of Warren Buffet: “Be fearful when others are greedy. Be greedy when others are fearful.”