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It's a frustratingly easy mindset to have, and it's kind of objectively wrong. If I put down money, and got more money back without any real effort (outside of
by tombert 3y ago
It's a frustratingly easy mindset to have, and it's kind of objectively wrong. If I put down money, and got more money back without any real effort (outside of clicking a button or two on ETRADE) then that's a win. I got free money!
But that's just not how my brain works. Instead of being extremely happy that I got extra cash for nearly-zero effort, I'm sad that I didn't get more cash for nearly-zero effort.
I try and fight that mentality and focus on the good, but sometimes that's easier said than done.
- gigaflop 3y agoMy way of fighting the mentality is to be lazy. No joke. I'm either Accumulating, Holding, or Looking to Sell. For stocks, I generally stick to #1 and #2. Buy if numbers/velocity looks good, hold if I don't like how they were doing. When doing my taxes for FY23, my Robinhood showed zero crypto sales. Having seen a few winters, I am willing to wait 6 to 8 months before considering getting back in. Musk might tweet about Doge on the shitter again, and spike its price by +69%, but I don't have the patience to follow such micro movements. Show me the 1yr graphs.
- omnibrain 3y ago> My way of fighting the mentality is to be lazy. No joke. There is also "too lazy". I was too lazy to buy Tesla Stock during the Roadster Days. I was too lazy to get some Bitcoin when a friend could not stop talking about it in 2010. On the other hand, I would have sold both after they doubled or tripled for the first time. I know myself...