Learned my lesson in trading stocks.
I started trading stocks about 6 months or so ago and learned some things. I was all about that investing in the AI industry. In my head I felt this industry will screw us all and I wanted to try to get something back before it plateaus. That was a mistake. Extremely volatile industry.
Before I go further I should mention I had a few rules in place before investing in stocks.
1. Only invest what I was willing to lose.
2. Never invest emotionally. Can't be freaking out over sudden highs and lows.
Anyways, those stocks just kept tanking and it was just miserable to watch. before I know I was down $500 and needed to change something. Pulled everything out of AI and quit playing the game of I'll beat the stock and will be there when the big spike happens. Turns out it would jump high for a minute and sink for weeks. Big issue with AI is investors are wondering were the return on investment is and getting radio silence. No thanks.
Decided to invest into safer ETFs like VOO and ESGV and just relax. Small steady gains are still gains.
Before I go further I should mention I had a few rules in place before investing in stocks.
1. Only invest what I was willing to lose.
2. Never invest emotionally. Can't be freaking out over sudden highs and lows.
Anyways, those stocks just kept tanking and it was just miserable to watch. before I know I was down $500 and needed to change something. Pulled everything out of AI and quit playing the game of I'll beat the stock and will be there when the big spike happens. Turns out it would jump high for a minute and sink for weeks. Big issue with AI is investors are wondering were the return on investment is and getting radio silence. No thanks.
Decided to invest into safer ETFs like VOO and ESGV and just relax. Small steady gains are still gains.
