Follow along as I trade my way to a classic Porsche.
Full article may be found on my website: https://www.invest-in-yourself.com/
Please note this is not investment advice.
Have you ever heard the anecdote about trading vs. long-term investing?
The trader and the long-term investor are both filling a bucket of water.
However, the trader holds a cup above the bucket, pouring it in each time it fills.
They may reach a similar outcome- but one demands far more effort along the way.
Let's see if the results from Round 1 tell us the same story:
ACHR: Archer Aviation:
Conclusion:
For the purpose of this experiment, let's assume I sold at the highest price that period: 6.21
Since each order was for the same number of shares, we can just average the buy prices: 5.47
Had I bought and held regularly instead, it would have initially cost 328.20 rather than 105.60
I would have profited 44.40, instead of 15.79, if I had sold all 60 shares at the high price of 6.21
You can torture yourself all day with "should've, could've, would've", or you can choose to savor the lesson- even if you had to learn it the hard way. In Charles Schwab's memoir, I remember him saying that successful investors need to learn how to stomach volatility. Although it may involve slower turnover and greater uncertainty, I think my strategy could benefit from just that. In addition, I should probably do some research on tax planning.
Follow along as I navigate Round 2 :)