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LEARNING ABOUT THE STOCK MARKET

  • BecomingFI
  • Oct 26, 2021
  • 2 min read

Although I suffered a small loss from the global financial crisis, it was not able to get me out of the stock market.

In fact, the global financial crisis attracted me even more to the stock market. I started to study how the stock market worked.


BUYING MY FIRST STOCK

After some studies, I decided that I should buy and sell stocks through technical analysis, as it seemed like something magical.


It was 2009, when I bought my first share. I set the target price for the stock and when it hits, I sell it. And as I learned more about the stock market, I also invested more money, but I continued to buy government bonds monthly with a focus on my retirement.


NO TIME TO FOLLOW UP

Until I was doing well, but I was still at the beginning of my professional career, so I couldn't devote much time to invest. I would check my trades at least once a day, at night, to see how they were doing. I did this for a long time. In some operations I made a profit and in others I lost. But at the end of the month I always made a profit.


But at some point I couldn't focus on my operations anymore and that caused me problems because I forgot to put out stop orders, which attracted Murphy's law.


Most of my shares have gone down more than the selling order I would have placed. I was really frustrated because I didn't want to lose money, so I left my shares there unsold, hoping they would go up.


FALLING INTO THE SAME TRAP AGAIN AND AGAIN

After a few months, I was no longer frustrated. Even because a news report informing about the stock market high was enough to encourage me to return to investing. I sold all my shares, regardless of winning or losing, as I had in mind that this time would be different.


But again I fell into the same trap. Because of my job, I couldn't devote time to my operations and I forgot to place stops orders and again the stock went down and I didn't sell. I did this twice more until the Brazilian stock market went into decline in 2014 and I stopped investing in stocks.


I returned to the stock market at the end of 2017 much more confident than the first time and with a nice surprise that I will tell you next week.


See you there!





 
 
 

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