Growthvestor (@Growthvestor) on getquin

My learnings from 3 years on the stock market:

Securities account December 2020: €30,000

Securities account January 2024: €95,000

The first share I bought in December 2020 was $PLUG (+9.5%) . Why? Because it had already gone up 20% the day before and was already up 10% at the start of the day. So I got in at around €25 and the share gained another 20-30%. I was immediately flashed by the stock market and kept an eye out for other stocks that could go through the roof. Shortly afterwards $TSLA (-4.58%)
$NIO (+2.12%) and a penny stock. Goal: if things continue like this, I will become a safe millionaire next year. Start investment approx. 30,000€.

January continued just as optimistically and I had made a profit of €15,000 in just 1 month. I could hardly believe it and was annoyed that I hadn't started so early.

But the stock market soon brought me back down to earth. Then came the first correction and all the highflyers started to plummet. I panicked and eventually sold my stocks. Why? Well, some people said the stocks were overvalued and weren't even worth half their value. Somehow that must be true. Little by little I started reading stock market news. Caty Woods? wow, that woman seems to know what she's doing. $TDOC (+4.49%) ? Sounds exciting and she's also putting a lot of money into it. And bang went €18,000 into Teladoc (at that time a price of €180) why so bullish? Well, the analysts say there is potential up to €300. It happened as it probably should, Teladoc plummeted further and other stocks recovered. I panicked again and sold my position with a loss of around €3000 and bet on Tesla again. Catty Woods said that this was the future. At some point it went down again and I began to understand that electromobility is a bet on the future and that shares such as Microsoft, Google and the like are safe investments.

Learning number 1: Do your own research

So now I also bought safe companies, among others $PYPL (-0.38%) . Everyone says it's a secure company and I knew Paypal myself. I also did a bit of company analysis. Everything 1+* with Paypal. Well, almost.

By the end of 2021, I had recouped my losses and was back on track.

But then there was unrest on the market. Corona variants, Russia etc. And the stock market fell again. This time I thought to myself, oh, the companies will come back and I can sit back and relax. I thought wrong.

Learning number 2: It doesn't always depend on the company > the market situation must also be right. So keep an eye on the market situation.

So at some point I started buying the dips but also continued to invest in quality stocks. Of course, I still wanted to become a millionaire and also bought gambler stocks $BICO (-0.39%) . What followed was a rather frustrating 2022. I started reading through quarterly reports, reading up on what was happening, listening to podcasts about the stock market and basically getting a better understanding.

So I continued to buy shares that I thought were interesting and was convinced that the share would play a good role in the future.

Then came the turning point.

Learning number 3: the stock market "always" goes up in the long term. Provided they are the "right" shares.

2023 got off to a really good start and I started to like the stock market again and was able to breathe a sigh of relief. I was still in the red, but the first theses I had

I had put forward seemed to be coming true. It kept going up but I knew there would be days when it would go down.

Learning number 4: It doesn't just go up, the stock market is up and down and if you are convinced of your strategy then stay cool!

So I stayed cool and continued to trust my strategy and my portfolio.

What followed was the rally of my life. I was back in the black and had at least 4-5 stocks with over 100% price growth. $CRWD (+2.85%)
$PLTR (+6.35%)
$NVDA (+2.01%)
$TSLA (-4.58%)
$COIN (+0.27%)
$BICO (-0.39%) etc.

I had the best year and was able to record over 40% portfolio growth.

Jan. 2023 €56,000

Dec 2023 90.000€

Now I'm looking forward to 2024 and hope that I was able to help some of you with my post.

But one more thing I would add:

Making mistakes is absolutely normal. The important thing is to learn from your mistakes and get better, and the stock market is very good for that. And just because you've gained a few learnings doesn't mean you've got the hang of it. There are bound to be a few more situations that will be new to you and I'm honestly looking forward to them. Because that's how I learn how to make my future decisions!

So good luck with your learning!

Gerit@Gerit

11Mon

It is important to reflect on your own experiences. 👍

Unfortunately, I have to disagree with your "Learning number 2".

Observing the market situation brings a lot of chaos into your own stock market life, you get opinions, warnings, there is simply ALWAYS something to worry about or even worry about. But in the end, it's the things that just happen that you've never heard of before.

As a tip: just make a few predictions yourself and write them down(!)

Pay attention to what market opinions you have in your head and why?

It is much more important to bet on a company that can come through different markets and survive a recession.

Don't speculate that any market environment will change.

I avoid market opinions like the plague, especially if they are negative opinions or associated with hype "if... blah blah, then..."
"this time everything is different..."

I am not attacking your strategy here at all, betting on "disruptive" companies can be quite lucrative and suit you, you have proven that you can accept strong fluctuations and continue despite high losses.

Wish you continued good luck & success, keep us up to date, I'm curious to see if new learnings are added 😌

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S.A.U.@SAUgut77

Very wise and honest words 🫡

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Tenbagger2024@Tenbagger2024

Wow, your very awesome post is flashing me right now.👍👍👏.

Because when it comes to the stock market and money, everyone is just a world champion and only very few admit their mistakes and have the best performance when you listen to them.

That's why I respect you for your honesty.

Many mistakes can perhaps be avoided right from the start and thus the fun of investing remains.

Many people talk about gambling on the stock market.
But I think that puts investing in the wrong light.

In my opinion, investing in solid and healthy companies following the example of some great investors like Charly Munger and Warren Buffet has nothing to do with gambling. And for me personally, it is the best approach to long-term success.

To a small extent, gambling is allowed and is part of human nature, but it is important to remember that it is only ever a small part.
Even if you are successful quickly.
Your story shows how quickly the tide can turn.

Thank you for your story 😘

Benne@CapitalCyclist

I even read through your text twice.
First of all, thank you for your honesty and it's good that you reflect on yourself.

3 points I would like to say something about:
1. "Becoming a millionaire"
You wrote this phrase several times. I don't think all newcomers to the stock market have this thought. Of course, it's easy to get carried away by stocks and hypes and feel immortal when you see the first positive returns. But I think it's blatant that you thought like that - I didn't, for example.

2.Plug Power
was actually my first share. It's a shame that I had to sell the first share at such a high loss - and rightly so. At the beginning, it's so easy to get sucked in by simple opinions and news - unbelievable!

3. "Rally of your life"
That sounds as if your mistakes from the early days could be repeated at any time. I mean, the stock market is a marathon and you've had your experience as an investor for 3 years.
Talking about the rally of your life there has something of FOMO and the initial patterns.

But otherwise very good text and hope that your learnings help you🚀

Horrax D@Horrax

You still don't seem to me to be the type who can stay calm on the stock market. You've learned a lot from what you've written, but be sure that it won't go up 40% every year as a result. Not every investor can invest successfully and I have the feeling you still have a lot to learn. Good luck with that! and thanks for sharing, it was interesting to read what your thoughts/emotions were on each.

Growthvestor@Growthvestor

Sure, that's why I'm adjusting my strategy for 2024 again ;) Don't worry, I haven't set myself the 40% target. ✌️

Evcharista 🇨.@Evcharista

Gratuliere👍

Kai1wolter@Kai1wolter

10Mon

Very well written! Are you still invested at $BICO?