I was bored and stuck at beach house with the Covid lockdown and was just learning about cryptos and not trusting that they wouldn’t tank so I kept panic selling and losing lots of money
I lost a lot of money last year trying to afternoon trade cryptos. There is a .25% fee each time you buy or sell on Robinhood and I was doing several trades per afternoon so I was losing multiple percent each afternoon just in fees. I was also panic selling when the price went down in fear of losing too much and that was even more money lost. I’ve l received from those mistakes and now buy and hold long term to avoid the fees and the stress of having to watch the prices and study the click bait news. I could have purchased a brand new Heating and Air Conditioning system and had it installed for the amount of money I lost last year. One bright side is I won’t need to spend money any taxes for last year, so in more than one weeks when I do our return I won’t need to be writing a check to Uncle Sam. I very could have also got the latest zone control with a nice programmable temperature control and a multiple year repair method with the money I lost. I was bored and stuck at beach house with the Covid lockdown and was just learning about cryptos and not trusting that they wouldn’t tank so I kept panic selling and losing lots of money. I should have used our energy to wipe the air duct and filters in our Heating and Air Conditioning and this would have very saved myself and others money in not having to buy a new unit at all. I hope that the people I was with and I live and the people I was with and I learn from all or most of our mistakes!