Thanksgiving Thanks for Strengthening Setbacks
2022 has certainly been a year where I've seen plenty of setbacks. But I've learned that all these challenges have also forced me to find new opportunities.
I started investing online this spring, and at first was fairly cautious, investing small bits into well established companies. Watching the money grow was exciting at first - but the return was climbing too slowly. I began to look at stocks that were surging wildly in price, and I figured if I could just hop on that train, I'd make some quick cash. I happened to catch $Sky Harbour Group(SKYH.US$ on a Friday, and saw that it was surging. The market had just closed, but I put in an after hours order. By the time it was filled on Monday morning (at the highest price it had been available at), the stock nosedived. And continued to do so rapidly. I held on for a bit, and then sold at an enormous loss.
It made me realize I had no idea what I was doing. So I started doing more research. I learned to check short interest, to think about when I was buying a stock, and to have a quick think about whether a company building airport terminals could sustainably shoot to the moon. But most importantly, I learned about my tolerance for risk. I learned that I could stomach the monetary loss, but that it burned if I was careless in my choice. And that made me willing to face risk when I felt confident of the reward - a lesson I'm thankful for learning.
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whqqq : Great experience. I wish you every success in your future investment.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Happy Thanksgiving Day