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Re: okyoureabeast post# 16926

Saturday, 03/22/2014 9:39:34 AM

Saturday, March 22, 2014 9:39:34 AM

Post# of 163728
Okyoureabeast, you're not the only one! We have all gone through the same things you're going through. I started trading way back when I was in college... when I got a newsletter and didn't think twice before jumping into a stock. I was happy for a day or two until it crashed hard and I had lost the $500 I put in. I consider that $500 lost the best investment I've ever made as it was a tuition fee to wisen up and learn.

Fast-forward 7 years later and I'm still doing it. Obviously I've learned to recognize a Pump & Dump, how to properly research, and make much better decisions. Its definitely a hobby turned into a second job as it pays more than my salary at this point, and I do pretty well for myself, and so do a lot of people here which I much respect because I've learnt by following them... The butterflies are always going to be there because there is always risk involved. I can't even play roulette without having my blood pressure go up! The number one cardinal rule is to never invest more than you can lose. Number two is to remove emotions from the equation. i.e., A lot of people sold way too early on this stock because they had lost focus on the end-game and were more worried about the day-to-day trading activity.


Best of luck to you!


MoToVoX





Failure is simply the opportunity to begin again, this time, more intelligently.