r/stocks
SpaceX just gave Eureka moment, not sure if I’m right - is conviction the real edge in investing?
Author realizes long-term conviction in SpaceX prevents panic selling and FOMO, asking how to distinguish it from emotional attachment.
- Strong personal conviction and willingness to hold the stock for 15+ years.
- Deep belief in the company's long-term vision, which mitigates panic selling and FOMO.
I started investing in February mainly to learn how investing in stocks works and feels. Over the last few months I’ve had some lucky wins and some painful losses. Looking back, most of my mistakes came from panic selling and FOMO, textbook beginner stuff. It made me realize I’m absolutely not a trader.
Yesterday I bought some SpaceX, and for the first time I realized I genuinely don’t care what the stock does next week or next year. I believe in the company and can see myself holding it for 15+ years.
That made me wonder: maybe the biggest factor in long-term investing isn’t finding the perfect stock, but finding companies you are convinced by and can identify with enough so that you hold through the inevitable ups and downs?
But how do you distinguish between genuine conviction and becoming emotionally attached to a company?