I thought I would post my experience after starting to play in the market a little.
I wanted to be able to do some stocks in a taxable account to get some real life experience.
I put 3k into an account and would buy different stocks based on the news or how I felt a particular day.
At the end of the 3 months, I have not gained any money nor lost. I have lost time and gained stress thinking about my individual stocks:
I bought Apple, netflix, NVDA etc.
I ended up buying at wrong time and selling at wrong time
Example for this week: Sold Chesapeake energy after holding it for a while to cut my losses, then it goes on a three day tear
Earlier this month I saw that other stocks soared just after a week or two selling them for a small profit or just at even.
I realize now by my own experience, it is better to have rules and stick to those
My rules are as follows for play money:
if you buy certain stocks: for me: Berkshire Hathaway or Apple (never sell) hold until absolute need to sell or in old age. Just forget that you even own them, that way cannot be tempted to sell.
I am glad that I got the real life experience which is echoed in passive investing (Bogle). You can't outsmart the market in the long term.
Love to hear other people's experience
I wanted to be able to do some stocks in a taxable account to get some real life experience.
I put 3k into an account and would buy different stocks based on the news or how I felt a particular day.
At the end of the 3 months, I have not gained any money nor lost. I have lost time and gained stress thinking about my individual stocks:
I bought Apple, netflix, NVDA etc.
I ended up buying at wrong time and selling at wrong time
Example for this week: Sold Chesapeake energy after holding it for a while to cut my losses, then it goes on a three day tear

I realize now by my own experience, it is better to have rules and stick to those
My rules are as follows for play money:
if you buy certain stocks: for me: Berkshire Hathaway or Apple (never sell) hold until absolute need to sell or in old age. Just forget that you even own them, that way cannot be tempted to sell.
I am glad that I got the real life experience which is echoed in passive investing (Bogle). You can't outsmart the market in the long term.
Love to hear other people's experience
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