After a week of playing around on the LEO platform, last week, I upgraded my LEO investment and bought 8000 LEO, then another 1100 LEO totalling to 9900 LEO.
Since this site is all about our experiences with investment, I want to share with you some lessons I learned in investment and how I could do better.
My dad used to tell me that investments depends on "TIMING" and also "LUCK".
If you have both, then you win.
If you have one, then you won't lose.
If you don't have both, you definitely will lose.
When I first came on the LEO platform, the price of LEO was like 0.07 / Steem. That was roughly 2 or 3 weeks ago.
And then as the week went on, I saw that LEO was increasing very quickly from 0.07 to 0.18.
I kicked myself that I didn't buy more when it was 0.07.
I felt that I missed the 'timing' of the low price of LEO at that time when the platform was just starting.
The price of LEO shot up to 0.18 / Steem and 0.19 / Steem for a while, so I said to myself that I would buy more when it goes down to 0.17 / Steem.
So one day, when I saw that LEO price was 0.17299 /Steem, I bought 8000 LEO.
I was really happy with that and staked my 8000 LEO to curate and earn more LEO.
A Moment of HIGH!
Then the price of LEO started dropping. This becomes a horror to the buyer.
A Moment of LOW!
So when it went down to 0.16501, I went and bought another 1100 LEO.
A Moment of HIGH!
Now, the price of LEO is 0.12 LEO / STEEM!
What do you think I will do?
What's next?
What would you do?
Share your thoughts with me as this platform is discussing real live investments that you and I are involved in on the Steem Engine right now.
From the look at things, it seems as if I bought LEO at the 'wrong' time, but is it?
Does anyone really know 'when' is the 'best' time?
Share with me your thoughts in the comments below.
One thing I know for sure: Once you buy and invest, STAKE them right away and use it! Buy what you have and earn more LEO. Don't let it sit in the balance and wait for another time to sell it. You may need to wait for weeks before you can sell it at a right price.
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