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How to lose all your money

Invest more than you can afford to lose (awarded “most popular mistake!” since… well, forever 🙃)

Try to time the market (Seriously, please don’t)

Put yourself in a position where you have to sell when the markets are down

Freak out and sell when markets are crashing (you knew this was eventually going to happen before you bought in, right?)

Actively trade, think you can “outsmart” the market, or obsess about short term prices, technical analysis, and charts

Make investment decisions in a highly emotional state (meditate, damn it! 🧘🧘‍♀️)

Listen to people who only talk about prices going up, or flashy nonsense peddlers on YouTube

Use leverage, invest with borrowed money, or otherwise gamble & try to get rich overnight

Buy things that you don’t understand

Buy things with no fundamental value

Buy things because your friends are buying them

Buy things because they’re going up in price

FOMO into hype, Memecoins, NFTs, or prices going up

Think that markets will “only go up” from here, or think that you can have an asset class with 10-100x upside, without having the occasional 50-80%+ bear market

Ignore the fact that the dopamine hit that comes from checking prices, making money, and getting excited is a drug

Ignore the fact that fear puts your brain in survival mode, and your IQ drops through the floor

Think you are a perfectly rational, unemotional person (none of us are ☺️)