Its always super risky. It sounds like you made some decent gains from your amazon investment though. Its tough though and I would never recommend day trading to anyone who doesn't mind loosing more than they gain. The reliable money is made in longer term investments where you benefit from the dividend yields. Of course for that to be of any real benefit you have to have several hundered thousand invested.
A lot of it is down to luck in the end too. One of the funds I first invested into was an index fund based on the uranium business (primarily for nuclear power plants etc) .. In the end it was worth 10% of what I originally invested. you live you learn.
Yes. I have always done better when I invest smaller amounts.... as soon as I think I’ve hit the big one and go all in that is when I lose BIG TIME
I need to learn to be happy if I make an extra $1,000 a year on the Stock Market or crypto coins and start locking in some gains. ... I was once up $5,000 on Bitcoin. now I am in the red.
Yeah, the trick with investing is not to get too greedy and to spread the risk. But the most important thing is to remember that money is made playing the long game.Day trading generally always results in loss in the long run since the risks are so high. But the overal trend of economies over time is that they go up. So if you invest in something now .. in 20 years it will be worth more. Provided you didnt invet in company that goes bust.
The safest investments are always funds that track market indeces. They tend to be popular as investment plans for retirement, not for quick gains.. that's tantamount to gambling.