this post was submitted on 25 Nov 2024
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This is me on many topics. I am so uninformed over the last year.
I love Lemmy, but I’m in a smaller bubble than I was before too. There are a lot less political opinions on here. People are outright hostile to anything that doesn’t fit in a narrow window, and though I mostly agree with what passes through that window, my idea of the world is off because of it. (Example, my wife uses Facebook. We both voted for Harris, but she was certain Trump would win. She was seeing what everyone was saying and I wasn’t. Imagine my surprise when she lost the election so terribly. My little bubble had me convinced he didn’t stand a chance.)
I try occasionally to open Reddit. I know that Lemmy hates stock traders, but Reddit is where you get the best info on that. I’m a stay at home dad who contributes entirely by trading so I need to look at what people are researching from time to time.
I just can’t stand the Reddit app. I can’t stand clicking on ads without realizing it because of how they blend it in.
I can’t stand the kind of greed that led to the decision that killed third party apps.
I miss it, but not bad enough to have a subpar experience on there. That, and I believe in a federated social media future. Tech companies are garbage.
Being uninformed is ok as long as you pair it with knowing you’re uninformed.
Our Stupid Monkey Branes aren’t designed to be filled with doom all day long, they’re designed to know a handful of people in our tribe. It’s not healthy the way we chase after trying to know everything about everything in order to satisfy ourselves that we’re informed.
You’re absolutely right. Thank you.
If you're trading stocks based off Reddit info you should really know WTF you are doing and have additional sources of info to back up any decisions you are making because you are playing a very dangerous game. Unless you've already been investing for years and have a sizeable portfolio I would encourage you to reconsider the path you are on and build up some capital and knowledge before attempting any kind of active trading.
I don’t waste money I don’t have. I don’t follow anyone blindly.
I’m disciplined. If I’m not where I want to be, I wait. I wouldn’t risk everything I have.
I appreciate your concern, but if I lost every penny I have invested right here, right now, it would only hurt my feelings. I’ve already pulled out 10x what I’ve invested and I don’t get sad over big misses. I could have scooped up 200 free dollars this morning, but I didn’t.
It’s small time. I’m poor, I have no debt, and I wouldn’t risk a penny more than I can handle. I never break my own rules, so I’m good.
Seriously. I appreciate you.
That's good to hear, I hope you're able to keep it up. I'm sure you've heard this before but just in case, if you haven't you should really consider also running a long term buy and hold portfolio. Fund that Roth IRA every year if you can. It's a whole lot easier than active trading so it really shouldn't take up much time and when you're an old person you will be glad you've got that pile stashed away.
I’ve already messed up at this point haha. I spent my whole life allowing myself to be exploited for a promise that never came. I mean, I guess it still could (not really, but in a sense I guess). I’ve been instructed to go get some cash when so and so dies, and though I’m sure it’s still there, new obstacles have entered the fold.
I don’t know. If I can make enough to live today and buy a few beers I’m good.
I’ve been an idiot all of my life.
I’m going to take your advice though. I promise. Gonna get on that tomorrow. I recently made enough to increase my investing amount by 60%, which would be amazing for someone with actual money haha. I’ll throw that extra 60% into an IRA.
I’ve only recently made the switch to Lemmy, and for what it’s worth, I’ve been using Apollo for Reddit the entire time. It’s fairly easy to set up if you check out r/sideloaded or r/apolloapp over on Reddit. Might make your money-job a bit less frustrating to work on :)
Heeeey! Thank you. I’ll look into that.