My $21,000 Mistake Today - A Musician's Life - [August 7, 2020 vlog] | Summary and Q&A

TL;DR

The narrator missed out on a chance to make $21,000 in a day by not selling a stock at the right time.

Key Insights

• 🍄 The narrator is a musician but has been exploring stock trading for fun and interest.
• 🛀 They found a stock that initially showed promising gains.
• 🌸 The stock's price fluctuated, prompting the narrator to make decisions based on minimizing potential losses.
• 🔊 Unfortunately, the stock later reached a peak price significantly higher than the purchase price, resulting in a missed opportunity for a substantial profit.
• 🎟️ The narrator reflects on the decision made and acknowledges that dwelling on missed opportunities is not productive.
• 💦 The narrator contemplates whether they should buy into the stock again or if it will drop significantly.
• 🧠 They share a snippet of their personal life, mentioning running in the rain and enjoying peanut butter banana snacks.
• 🧑‍💼 The narrator plans to continue making videos and working on office tasks.

Transcript

Read and summarize the transcript of this video on Glasp Reader (beta).

Questions & Answers

Q: What caused the narrator to miss out on making $21,000?

The narrator held onto a stock that initially showed profits but later dropped, resulting in a missed opportunity to sell at a higher price.

Q: How much did the narrator invest in the stock?

The narrator invested $5,000 and had 25,000 shares of the stock.

Q: Why did the narrator decide to sell?

The narrator didn't want to risk further losses as every penny the stock moved represented a significant amount of money.

Q: What was the stock's peak price and how much could the narrator have made?

The stock peaked at 95 cents, which would have allowed the narrator to make $21,000 with their $5,000 investment.

Summary & Key Takeaways

• The narrator, a musician, was exploring stock trading and found a stock at 20 cents a share.

• After buying in and experiencing fluctuations, the narrator ended up selling when the stock dropped below their buying price.

• However, the stock later peaked at 95 cents, resulting in a missed opportunity to make $21,000.