Prof. Tyler yamazaki


Only Invest the Money that you can Afford to Lose


Download 0.84 Mb.
Pdf ko'rish
bet23/72
Sana13.04.2023
Hajmi0.84 Mb.
#1353337
1   ...   19   20   21   22   23   24   25   26   ...   72
Bog'liq
trading

 
Only Invest the Money that you can Afford to Lose
Another common advice given to gamblers is to only play with the money
that you can afford to lose. Well, although you will not be gambling, you
must realize that this is still an investment. And, like any other investment,
there is a chance that you may not earn anything or even lose all your
money. Therefore, to be safe, you should not use the money that you need


to pay for your obligations, such as the money for your household expenses.
It is also not advisable to borrow money from other people. This is to
protect you from being drowned in debt in case the worst thing happens.
You can, however, partner up with someone, if you need more financial
backing.
Do NOT Give Up
The best stock investors have their own bad stories to tell. They have many
experiences of being defeated in the stock market. However, they are the
ones who have survived the challenges and have won the competition. As
you journey and spend more time investing in stocks, you will also face
numerous challenges. The important thing is for you not to give up and to
learn from your mistakes. The stock market is not your enemy. In fact, it is
your goldmine for profit. Your only enemy is yourself. You should exercise
discipline and professionalism. When you encounter some bad streaks, you
need to stay strong and give yourself time to recover. Do not give up.
 
Relax
Give yourself a break. It is so easy to get addicted to the stock market,
especially when you see some profits coming in. However, you need to give
yourself time to relax. Remember that you can come up with better
investment decisions if you allow your mind to rest. Also, it takes time to
earn a significant profit in the stock market. Therefore, give yourself time to
relax from time to time, and then come back to work stronger.



Download 0.84 Mb.

Do'stlaringiz bilan baham:
1   ...   19   20   21   22   23   24   25   26   ...   72




Ma'lumotlar bazasi mualliflik huquqi bilan himoyalangan ©fayllar.org 2024
ma'muriyatiga murojaat qiling