How I “Lost” Thousands in the Stock Market While Everybody Else Got Rich

A lesson in the psychology of investing and being half right

Source: Author

Hindsight is 20/20.

There isn’t a better application of that figure of speech than the experience many of us have with investing in stocks.

It took me a while to properly situate that hindsight in my overthinking brain.

You have probably done this before when you considered buying a stock or cryptocurrency.

One hundred shares times $37 equals $3,700.

One hundred shares times $520 equals $52,000.

That’s a profit of $48,300.

You do the math. When the last thing you should be doing is the math. All you’re doing is creating an unhealthy relationship between yourself and investing.

However, it’s basically unavoidable. At least for a large swath of the population. Present company humbly included.

Nine-point-nine times out of 10 the math doesn’t work out that way.

Except when it kind of, sort of does.