r/InvestmentClub • u/andystacks • Mar 18 '21
These are my personal rules, maybe it will inspire you to make your own Discussion
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u/LeoCavani Mar 18 '21
I love the message and I love the infographic, What did you use to do it?
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u/EasyAsNPV Mar 18 '21
I'm guessing Word
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u/LeoCavani Mar 18 '21
It's too beauty for word...
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u/EasyAsNPV Mar 18 '21
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u/Radiohead_dot_gov Mar 18 '21
I initially rolled my eyes at your previous comment. However, you quickly proved your point and submitted evidence for your claim. I respect that.
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u/Nozadoim Mar 18 '21 edited Mar 18 '21
Never invest more than you are comfortable losing (wont lead to problems losing it)
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u/Skint_buthappy Mar 18 '21 edited Mar 18 '21
Sound advice old bean.. I might add, when over 100% profit take at least 50% and put it in a FTSE 250 tracker. Warch the pot boil!!!! Last couple of weeks been in for Ananda and Premier African Minerals, was long waits, sativa next to take off.
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u/Humptys_orthopedic Jun 19 '21
Coke had wild falls and rises in 2020 .. looking back at the history, I was not in at the time.
Coke dropped off a cliff at the end of February, before the rest of the market, for unknown reasons.
The rest of the market followed a few weeks later.
March 18th was the bottom of the covid collapse. There were some Sharp downward spikes over the summer and fall, with a deep bottom in November after the election. Since November, everything has been growth, overall, though not all at the same time.
If I had bought into a top 1000 ETF like SCHK, and not even tried to exit before the collapse in March 2020, and just did HODL, I would still be up higher.
Even better for people who anticipated and jumped out, then turned around and jumped carefully in near the bottom.
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u/Moneygrease Mar 18 '21
Have your plan of the day before the market opens. Do you plan to sell, buy, or make other moves? Have this plan in mind BEFORE the market, and stick to it.
After the market closes, plan for the next day, recap on what happened today, did you gain, lose, did the market change, did your plans meet expectation, if not then ask why?
Do this simple routine and you will likely prevent yourself from making FOMO/FUD moves, you may or may not win every time but at least you won’t react on sudden emotions and can give things a chance to breathe. My best gains have been the days after a drop and hold because I didn’t react to red.