/biz/ - Business & Finance

[Anonymous No.27046747]

oldfags and seasoned /biz/ posters pls help me. how do i grow balls and learn to HODL? I just started investing and all I want to do is pull my money out. what is the secret?

[Anonymous No.27047006]

>>27046747
Learn from mistakes, you start to DCA into good researched projects at some point or you just give up.

[Anonymous No.27047098]

>>27046747
be confident about your investment. the longer you hold, the easier it gets (especially, if it was actually worth it)

[Anonymous No.27047123]

>>27046747
The secret is to simply not invest more than you can afford to lose
>also
Get some new hobbies that get you off the computer, even if it's something like Xbox

[Anonymous No.27047273]

Only buy legit projects and realize they will go up over time. Stop checking your portfolio daily.

[Anonymous No.27047331]

>>27046747
Invest in projects you truly understand and are subconsciously confident in

[Anonymous No.27047425]

>>27046747
Never invest what you can't afford to lose. It's easy to hold if you don't care about it.

[Anonymous No.27047627]

>>27046747
just stop caring. that's all you have to do.

[Anonymous No.27047825]

>>27046747
Enjoy this as a joke. You spend your money and it's gone. Maybe it will return and multiply. It's like playing the lottery.

[Anonymous No.27047887]

>>27046747
Don't invest more than you can afford to lose. Research and don't fall for memes. Stop looking at your phone all the time. Accept that you're going to lose money at some point, and go with it.

[Anonymous No.27047989]

>>27046747
Holding with a little DCA as you go, specifically in crypto, will nearly always realise gains eventually. Selling and trying to swing however - has never guaranteed anything but stress.

I know most here haven't the patience for it, but I'd far prefer secure guaranteed 20-30% gains over a year, with a chance to moon, than gamble all year long, and possibly lose it all.

[Anonymous No.27048195]

This is the whole point of ETFs, a volatile but guaranteed way to make tons of money long term.

Or you could yolo into GME and retire monday, up to you king. Godspeed.

[Anonymous No.27048296]

>>27046747
Don't use money you need.
If I moon, great.
If I don't, fuck it. I can sit it out and get it back later.

If you care about it too much, you'll never hodl.

[Anonymous No.27048445]

>>27047989
Just DCA and cash out according to the halvening cycles than.

[Anonymous No.27048623]

>>27046747
When I’m not watching my gains I’m literally pounding puss and cumming hard af. Pure dopamine boosts 1000% gains

[Anonymous No.27048632]

>>27046747
The secret is to buy cheap. The other secret is to have enough money that you don't need to liquidate until whatever you are holding is green

[Anonymous No.27048656]

>>27046747
if you know it will moon you stop caring, i didnt care about the recent xsn dump because i know it will be at 1$ soon anyway.
i even bought some more at 40, 34 and 27 cent

[Anonymous No.27048799]

>>27046747
Just treat the money as gone. Its done. Don't think about it. Come back in a year. Once you've decided it's not being sold it's easy.

[Anonymous No.27048937]

>>27046747
>Be me, been trading for 7 years
>Maybe up a couple thousand at most
>Look at all the stocks I use to own
>Had I held I'd be a literal millionaire right now

Never selling anything again.

[Anonymous No.27048952]

>>27046747
I made a spreadsheet where I put in my buy price and a target sell price. It shows me how much I'll gain if I have the patience to hold and not sell out early. When the numbers are right in front of you, it's easier to stick to your goals and see your investment through.

Anytime you want to sell before your target price, ask yourself,"What's changed?" Usually the answer is nothing, you're just being impatient, and so you should continue holding.

[Anonymous No.27049087]

>>27046747
I’ll say it again:
If you plan to hodl, delete your exchange apps from your phone and any other references to how much you have in your portfolio. That way you don’t feel any pressure from number go down (or number go up too actually). If you need to move some stuff around just redownload.
I do this on and off. When it’s just /biz/ telling me that I’m losing money it’s just funny red wojaks until the end of the cycle later in the year.

[Anonymous No.27049151]

You are putting in too much.

I put in 10K but in your terms thats about $10

[Anonymous No.27049608]

>>27049087
Or just grow some balls and discipline yourself not to be a bitch if the price goes down?

[Anonymous No.27050080]

>bought gme
>market opens on a small rally followed by a huge dump
>my hands turn to paper
>close at a loss
>feelsbadman.jpg

[Anonymous No.27052203]

>>27046747
Realizing you never had any money to begin with.

[Anonymous No.27052371]

>>27046747
just don't look at the fucking line bro. that's the secret. literally turn the monitor off

[Anonymous No.27052551]

>>27046747
FLESH TO STONE NIGGA

[Anonymous No.27052587]

>>27046747
you just do it you fucking faggot jesus christ

[Anonymous No.27052647]

I've put in 10k in crypto and physical pm's since early 2017 and my portfolio of both combined is 72k right now. Why the fuck would I want dollars for?

[Anonymous No.27052711]

>>27047627
BASED

[Anonymous No.27053037]

>>27046747
Treat it like a game. Assume that all the money you put in to any high-risk investments (anything that isn't a mutual fund or similar low or mid risk investment), so anything that /biz/ is involved with, is money that you are throwing away. That helps you eliminate any emotional attachment to your money, but you still want to win the game. Don't keep adding money to the game unless you have money to burn, and remember, adding more money to the game is basically cheating and if you just git gud you will succeed with your initial purchase rather than buying pay-to-win DLC.

[Anonymous No.27053066]

>>27052647
serious question, do you work?

[Anonymous No.27053230]

>>27046747
The secret is not being a fearful little bitch. Invest what you can afford to lose and NEVER FUCKING SELL