Sat, July 7, 2012, ST
Sleepless. he had gone to the casino one night in Jun 2010. He won $1,000 that night and another $1,000 the following day. On the third day, he won $70,000 and "it changed my life, he recalled.
But his winning streak quickly turned into a long run of losses, and soon, he was steeped in debt, owing $70,000 to banks, money-lenders, friends, distant relatives and family members.
Createwealth8888:
Sometime in life, our easy and big winning may not turn out to be a good thing; but may one day come back to haunt us even more.
In 2007, I bet big and won big. Of course, I thought I finally discovered the Secret of making money in the stock market and become rich from stocks.
Feb 07: $36K
May 07: $23K
Jul 07: $28K
Oct 07: $16K
Lowest win was $2.6K
But in 2008 I lost all back to the market and even more just like the man above.
The Moral of the Story
It is usually our initial big winning that may eventually lead us to our SUPER losses when we think that we may have found the SECRET.
Our initial big losses may actually be a blessing in disguise to prevent us from doing more foolish thing in the future.
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1 week ago
thats a very common thing amoung traders. the way i handle it is not to get excited at the time of winning, no matter how much. so when the losing comes which guanrantee it will come, i can handle it better and not got wash out.
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