Скачать или смотреть My Biggest Investment Mistake - $10,000 Lost (What Not to Do)

In this video we're going to talk about how I lost out on $10,000 by not believing in Elon Musk, and selling my Tesla stock far too soon. Lets take a look at what not to do when you're investing.

But first, don't forget to check out these links for free stock!

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Elon Musk keeps pulling rabbits out of his magical hat, and Tesla stock keeps climbing. Is it too late to buy? Well, it is for me. I decided to move on from Tesla, and wait for better days. But that doesn't keep me from crying about the mistake that cost me $10,000.

When I first joined Robinhood in 2017, I deposited $1 with the intention to become the next wolf of wall street. Only, that didn't happen. I didn't buy a single stock until 2 years later, when I finally deposited some cash into my Robinhood account to get into investing.

Since I had no experience in investing, I was clearly a genius and knew exactly what I was doing, and how I would turn that $7500 into my own private island in the Maldives.

My first move was to look at Tesla, like any logical human being. You can't go wrong flipping Tesla (well, I thought so anyway). That is what the internet told me after all, and the internet has never let me down before.

So I decided to purchase 15 shares of Tesla stock one day, and wait for it to hit the moon. Like the professional that I clearly was, being that I had absolutely no experience, I knew I would easily double my money in 24 hours. (Disclaimer: not a professional!).

After growing impatient, I decided to sell my Tesla stock a couple of days later and pocketed a whopping $12 a share. I purchased at $230 a share, and sold at $242 a share, wow amazing. That's $180 bucks I just earned for doing nothing, what a genius.

Well, it would have been if Tesla didn't later announce that they had a great quarter, they had positive earnings per share, and stock climbed to $350 a share. Why do I even try?

But that's not the worst of it. A couple of months passed, and Tesla Stock continued to climb to all new highs, up until it was time for Elon Musk to announce what Tesla had in store for us this time. But in true Elon Musk spirit, he announced another good quarter, and Tesla stock continued to climb to all new highs, reaching as high as $950 a share.

What's that you say? Why yes, I did buy at $230 and sell at $242 a share. Let me do that math real quick:
Buy: 15 Shares x $230 = $3450
Sell: 15 Shares x $242 = $3630
Net Profit: $ 180

But if I had only believed in Elon Musk and Tesla Stock, I could have easily sold later at $900 a share. Lets take a look:
Buy: 15 Shares x $230 = $ 3450
Sell: 15 Shares x $900 = $13,500
Net Profit: $10,050

Well, that hurts. And here I thought I was such a genius, scamming the stock market out of $180 bucks, when I could have earned $10,050. I guess that's it for me, time to sell my stocks and stop trying.

Just kidding. You can't dwell on the fact that you make mistakes. You will probably never purchase at the perfect time, or sell at the perfect time. It's hard not to dwell on these kinds of things sometimes, but making mistakes is part of investing, and life, so don't beat yourself up.

There is nothing that you can do to change the past, so keep looking towards the future, keep your head up, and stay true on your path to financial independence.

Should you buy Tesla stock? That's up to you to decide.