I Tried to Ingest the Saying Don't Put All Your Eggs In One Basket. Who's with Me?
I tried to find the best way to invest that I can get the money quickly. I supposed you think I'm going to do sports betting? Isn't it quicker to do that? Well, in the state of Texas, you cannot do sports betting because gambling is illegal. Wonder why there are not casinos around? People have to cross the state to play in the casino. Well, this blog is not about gambling. I am talking about stocks and I wanted to quickly share a story.
Two years ago I am on this brokerage app and I wouldn't drop the name since I'm not paid to advertise any brand, but the company will either make you smile or think you are going bananas when you saw it. So the story starts with me paper trading. I started paper trading because you will not lose anything but you will be able to sharpen your trading skills. Good decisions, bad decisions, sometimes undecided or fearful. So I thought if I won't do the real thing, I will end up stuck on the paper trade only. So I open my brokerage account with the whole paper trade experience. I would say that time that I don't understand the game. See when I first saw it, I was confused by the graphs which makes me think it looks the same with the ECG monitor. But that doesn't give a good comparison right? So let me tell you what happened to my lack of knowledge and being impatient on stocks.
I bought several stocks and sell them at the end of the day. I was just buying and selling and I think I lost more than I earned. I was not testing the water, I was digging a hole in the desert. But I learned a lot on the decision-making and prospecting. I actually don't know the prospecting I try to see the other hand of the card just guessing perhaps. The most buy I did in the brokerage was Veon and it was about 0.0135-1.000 if I made a guess. I think I bought 400 shares at that time. I have been hyped by the people and movements of the stocks was very promising. So I stayed to it and what happened when I saw it goes down dipping. Everything else is hopeless for me so I end up selling it at the end of the day. When I came back to purchase a stock recently after being away from it. I saw Veon on its skyrocket $25 its stock price. I felt like I wanted to kiss my $10,000 goodbye that I should have now if I just keep it and let the money talk. I have been scared of losing the money I use to buy. Major realization is opportunities knock once or twice and nobody knows it. Now I'm back in the brokerage. My two cents about this is that don't give up too easily and don't count the eggs when there is no chicken at all.
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