Those who are involve in the stock market would seem to only mention and exaggerate their winnings and would downplay or wont tell you how much they've actually lost.
I, on the other hand, has a facepalm moment which I will share with you so you guys can hopefully pick up a lesson or two. I look back ,shaking my head and say "What was I thinking?!"
As you may or may not know, I am paying for my younger bro's college education (he will graduate next month so yay!).
One day,I was browsing the stock listing and I saw my bro's school and I was like "hey, I should invest in this stock coz I am paying for his education therefore,my money goes here"
I did invest and guess what happened? It dropped and dropped and I haven't gotten a single positive sign since then. Ouch!
My mistake? Not doing a single fundamental analysis in it.Every time I invest in a particular stock, no matter how popular that stock is, I always do some FA but weirdly, I didn't dig much deeper in this stock and the result was devastating.I was thinking "I should patronized the product where money is going" and I was wrong, so wrong.
My defense is "oh well, I'm glad it's just Php 20,000". Hey, I used "just" not because Php 20,000 is nothing to me ( heck, I beat myself up for spending $5 McDonald's meal how much more $500?!) but because this is the lowest price I invested in a single stock.
Learn from my mistake.