We have to make sure we learn the right lesson. The reason I sat and watched the stock crash is that I had sold other stocks and then watched them recover. I also made the mistake of listening to the talking heads in the media. They kept telling me that this was a good company right up until they declared bankruptcy. And it took me a while to overcome the pain of taking a loss. After a while I finally realized that each trade was one of many and was really insignificant when you looked at the big picture. Unless you chose to let it become significant. That's what I learned really was it was my choice. My mantra is I'd rather be in cash watching the market go up than be in the market when it's going down.
I was just getting started around that time and bought a few shares of UCO and sold after I made a few bucks. It was a once in a lifetime opportunity.
%% LOL exactly, rather be a bit late +catch the trend right + right profit + profit. OF COURSE some losses , lots of losses , even an amazing number of super losses could still make a millionaire happy. Sure worked that way/ well for Peter Lynch-Fidelity Fund . =Cash stocks , not NG .LOL
%% Partial disclosure\ I'm no Peter Lynch, but he sure did well with plenty hi volume losers, over timeLOL I maybe should read some more of his book; since SPY benchmark which he usually beat/ has 500+/ single stocks in it
I am going back to dust off the cobwebs and develop the quant. tools again. I neglected it during the AI buzz and market rally. It's time to bring it back.