Do you know one personality trait that all successful people share? They know that there are no easy ways to be successful, only hard ways. They never chase the fast buck, or false hopes, or false dreams. They never gamble. They invest. They invest in themselves, they invest in their education, they invest their money. They take the long term approach to everything that they do.
Ladies and gentlemen, apply this critical component of success to stocks. Realize that although stock trading can be lucrative, it isn't the quick and easy way to a life of luxury. Most likely, it will be the quick and easy way to financial hardship and personal suffering. I have had many hardships because of losses incurred from stock trading, and have seen others suffer even more. Do not put all your hopes into stock trading. If you are going to trade, do it with money you can afford to lose and with a mindset that it is a form of entertainment, not income. With the remainder of your money, invest it.
Remember: slow and steady wins the race.
Account Update
- Starting Value: $100,000.00
- Current Value: $39,306.01
- Account % Loss: -60.69%
1 comments:
Is that CBOE options and stock simulator you use? I've found it good tool
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