Always great to read your posts. You've already managed the "transformation" to what I consider a super portfolio. I'm still in this phase, but things are moving forward! 😊 I'm in the process of ironing out my hopefully "last" two beginner's mistakes. But that's easier said than done.😆 I'm curious to see when I'll have done it myself. Only when I think it's done will I post my portfolio.😎
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@GordonGekko83
Take a look at the top investors.
How many losers they have in their portfolios.
I don't even want to talk about that weird Cathy.
Or take a look at Frank Thelen.
Don't be so self-critical.
The stock market is a beast.
Take a look at the top investors.
How many losers they have in their portfolios.
I don't even want to talk about that weird Cathy.
Or take a look at Frank Thelen.
Don't be so self-critical.
The stock market is a beast.
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@Tenbagger2024 thanks for the encouraging words, but you don't even know my last major "beginner's mistakes";-) The performance itself is okay, but of course there is room for improvement.
My biggest problem started with TR. No or little money, but wanting to buy everything because it was "interesting" 😂
At the peak, I had 500 individual positions and many in the €150-200 range. Total nonsense! I wouldn't and can't recommend it to anyone. I also missed the "jump" to Corona and took out a loan until recently. That's what happens when you plan your exit in your head and then don't pull it because it's going great! Big mistake! If you then let it run, there must be no missing stop loss, otherwise the loan will drag on. So don't speculate with borrowed money in the first place.
My biggest problem started with TR. No or little money, but wanting to buy everything because it was "interesting" 😂
At the peak, I had 500 individual positions and many in the €150-200 range. Total nonsense! I wouldn't and can't recommend it to anyone. I also missed the "jump" to Corona and took out a loan until recently. That's what happens when you plan your exit in your head and then don't pull it because it's going great! Big mistake! If you then let it run, there must be no missing stop loss, otherwise the loan will drag on. So don't speculate with borrowed money in the first place.
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•My dear,
I think you're great. Because you stand up for it, and maybe you can protect others through your stories.
That's why we simply need more people like you.
I've also made a few mistakes, and it's so important to make mistakes.
The stronger you become, the more important it is to learn from them and do better. And not to give up.
I got into stories and let myself be guided by magazines. Without looking at the fundamental figures. I got in far too expensive at the peak and then missed the jump.
In order to be able to compensate for something like that, you also need success, and that can only be achieved with a well-diversified portfolio with quality stocks as its foundation.
And so the pain is quickly forgotten.
I think you're great. Because you stand up for it, and maybe you can protect others through your stories.
That's why we simply need more people like you.
I've also made a few mistakes, and it's so important to make mistakes.
The stronger you become, the more important it is to learn from them and do better. And not to give up.
I got into stories and let myself be guided by magazines. Without looking at the fundamental figures. I got in far too expensive at the peak and then missed the jump.
In order to be able to compensate for something like that, you also need success, and that can only be achieved with a well-diversified portfolio with quality stocks as its foundation.
And so the pain is quickly forgotten.
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•@Tenbagger2024 Thank you! Glad to hear it! I can only hope that some people don't make these mistakes, but as you say, you should learn from your mistakes and draw your own conclusions.
I think I've found the right strategy and approach now after a good 15 years of stock market experience. But to get off to a flying start, I still need to "clean up" some of my old baggage.
My "new start" does not mean boredom in the portfolio. I will continue to play the one or other "gamble". It's part of it for me and is a kind of hobby.😜
Laugh. Yes, I've also copied some brilliant ideas and learned from great "masters" how not to do it. That's not to say that there were only pearl barley among them😆, but here I can only say that the smaller the values and the more imagination, the bigger the fall if even one thing turns out differently than expected.
Addendum: Giving up is never the right goal, the long-term charts alone show that there is money to be made on the stock market. Anyone who has been through a "crash" knows the painful side of the stock market! It is important not to bury your head in the sand, but to recognize the opportunities of this situation and to act courageously. The money is practically lying on the floor!
I think I've found the right strategy and approach now after a good 15 years of stock market experience. But to get off to a flying start, I still need to "clean up" some of my old baggage.
My "new start" does not mean boredom in the portfolio. I will continue to play the one or other "gamble". It's part of it for me and is a kind of hobby.😜
Laugh. Yes, I've also copied some brilliant ideas and learned from great "masters" how not to do it. That's not to say that there were only pearl barley among them😆, but here I can only say that the smaller the values and the more imagination, the bigger the fall if even one thing turns out differently than expected.
Addendum: Giving up is never the right goal, the long-term charts alone show that there is money to be made on the stock market. Anyone who has been through a "crash" knows the painful side of the stock market! It is important not to bury your head in the sand, but to recognize the opportunities of this situation and to act courageously. The money is practically lying on the floor!
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