3 key mistakes I made in my 2.5-year investing journey.

1. Chasing Euphoria -

 🔹When I started my investment journey in 2021, the market was already in a bull run. Fueled by optimism of greater returns, I got into the market without looking at fundamentals or technical, but just with the hope of markets to continue trending upwards.

🔸Unfortunately, the peak in October brought a stark reality check as the markets underwent a significant correction thereafter. Hence, never chase euphoria.

2. Excessive diversification -

🔸Recognizing the importance of diversification is must for every retail investor. But over diversification can be counter-productive, as in the process, you lose a lot of energy with little to no gains.

🔹Rather, have limited quality stocks in your portfolio, that align with your goals and always have an exit plan ready.

3. Day Trading -

🔹Initially when I ventured into day trading, I was profitable. As we were home during Covid-19, it gave me the flexibility and energy for day trading.

🔸But the profits were not consistent, and I started losing track of my academics, as I kept on overtrading. Hence don't mix investing with day trading. Day trading demands dedicated time and energy, otherwise it is not worth the cost.

Thank you for Reading!