this post was submitted on 25 Nov 2024
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If you're trading stocks based off Reddit info you should really know WTF you are doing and have additional sources of info to back up any decisions you are making because you are playing a very dangerous game. Unless you've already been investing for years and have a sizeable portfolio I would encourage you to reconsider the path you are on and build up some capital and knowledge before attempting any kind of active trading.
I don’t waste money I don’t have. I don’t follow anyone blindly.
I’m disciplined. If I’m not where I want to be, I wait. I wouldn’t risk everything I have.
I appreciate your concern, but if I lost every penny I have invested right here, right now, it would only hurt my feelings. I’ve already pulled out 10x what I’ve invested and I don’t get sad over big misses. I could have scooped up 200 free dollars this morning, but I didn’t.
It’s small time. I’m poor, I have no debt, and I wouldn’t risk a penny more than I can handle. I never break my own rules, so I’m good.
Seriously. I appreciate you.
That's good to hear, I hope you're able to keep it up. I'm sure you've heard this before but just in case, if you haven't you should really consider also running a long term buy and hold portfolio. Fund that Roth IRA every year if you can. It's a whole lot easier than active trading so it really shouldn't take up much time and when you're an old person you will be glad you've got that pile stashed away.
I’ve already messed up at this point haha. I spent my whole life allowing myself to be exploited for a promise that never came. I mean, I guess it still could (not really, but in a sense I guess). I’ve been instructed to go get some cash when so and so dies, and though I’m sure it’s still there, new obstacles have entered the fold.
I don’t know. If I can make enough to live today and buy a few beers I’m good.
I’ve been an idiot all of my life.
I’m going to take your advice though. I promise. Gonna get on that tomorrow. I recently made enough to increase my investing amount by 60%, which would be amazing for someone with actual money haha. I’ll throw that extra 60% into an IRA.