My most expensive investment mistake: $NVDA (+2.31%)
Still influenced by my experience with $GME (+1.28%) I sold prematurely when the share price rose by more than 20 % in just one day - assuming that this was just a short-term hype.
In doing so, I overlooked a crucial point: A strong business model and long-term growth potential are far more important than short-term price fluctuations. As a result of this mistake, I missed out on potential future profits - at a cost of $28,300. (and rising! 🥲)
My lesson learned:
Short-term movements must not obscure the view of the fundamental quality of a company.
Emotions (such as FOMO or the fear of losing profits again) are bad advisors.
A clear investment case should be more important than daily volatility.
Mistakes are part of investing. The key is to learn from them - and not to make the same mistake twice.
