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Every single stock purchase I've made this year has been a loss. 100% failure rate.
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I've read countless books on fundamental analysis, including the Intelligent Investor. Dozens of swing trading books, technical analysis books, and day trading strategies. I've taken online courses through my local University in finance (working on an MBA). I do hours upon hours of research before investing in anything, yet everything I touch just gets destroyed. I bought Novagold this year. Next day, short report. Stock plummets. Luckin Coffee? Scandal, fraud, delisted twice, worthless stock. I bought BEN thinking it was a wise long call for dividend growth. Just keeps plummeting. When I bought Tesla and Netflix, they both sank. I've bought endless stocks when they've hit below the lower bollinger bands, and everytime I do, they just go lower (with no news mind you). I bought AAPL yesterday, thinking $386 was a good discount value purchase. PLUMMETING AGAIN. I just don't get it. When a company comes out with a great earnings report and I buy, the stock tanks. When a company comes out with bad earnings, it goes straight up after I short it. I could literally pull letters out of a hat and have better success.

Edit: I should point out that I do day trade, and I wasn't actually referring to day trading, which I feel like is just a different game than investing. Thanks to the PDT rule, I can only trade 3x per week, and every week all my profits are offset by my investments.

FINAL EDIT: I'd just like to point out to save my sanity and refresh my outlook on life. When the pandemic was at the bottom and I was getting into investing hardcore, I changed my and my wife's retirement allocations into index fund investments, so there's that. Retirement funds are up 20% since April, which is crazy. Thank god I'm not allowed to invest in individual stocks with my 403b.

Edit: Wow, this sub is great! I am already feeling a lot better. Never seen support in any other sub like this and was honestly just not checking my inbox because I assumed I was going to just get trolled all day. Thanks for the wise words and support friends! Time to move on to index funds for sure! (Maybe if I can get back into the green on BEN and AAPL ever).

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4 years ago