Lost your money in the stock market?
Don't be discouraged!
It is pretty normal.
It is quite natural.
It is part of the Game.
Over time, we will have to pay some tuition fees to the other market players for their lunches and one day we will learn to be skillful enough to eat other market players' lunches.
Read? Where Does The Money In The Stock Market Come From?
Read? Why do I keep losing in the stock market?
You can see that Uncle8888 also lost his money in the stock market too; but he is still getting stronger!
Posts
Financial Times: "Anthony Bolton: ‘I was wrong about the market in China’"
ReplyDelete“The most disappointing thing for me – and I am happy to admit it – is that I was wrong about the market in China,” the manager said during a press briefing on his last day in the office on March 31.
“I thought it would go up for four years but it has gone down for more than four years.”
Hi Cw8888,
ReplyDeleteAppreciate the morale booster that LOSING MONEY is part & parcel of stock market game & not let the TEMPORARY LOSS hinder our determination to move forward our financial freedom goal.
This happened to a greedy speculator like me who bought based on analyst tips at the height of dot com bubble ... whereby I lost $50k when the bubble burst....
- Blogger like Ak71 lost 6-figures sum
- Blogger, Man of Leisure - "at the market top of 2000, I opened my first shares margin account I lost it all from 2000 to 2002. All! There goes my nest egg that I’ve built from age 16"
Most importantly, one needs to LEARN the Lesson in order to bound back STRONGER.^_^
.... Sadly, I missed rare opportunities to emerge as millionaire..... only manage to master my temperament last year :- (
.... switching from a trader mindset to investor with long-term perspective, attributed to the relentless guidance of a selfless sharing mentor. :-)
Did you attend any trading course and then went under the guidance of selfless sharing mentor after the course?
DeleteI paid $1.8k to attend an investing course in 2011... How I wish I had the wisdom to foot the meager sum earlier. :'(
ReplyDeleteNot FA savvy till now.... still 半桶水... but I am willing to spend time to improve on my shortcomings.
My active participation in forum previously, create the opportunity to meet with my savior that resulted in substantial shift in emotional control... though late but better than never. ^_^
Losing money is one thing. More important is to learn from experience and not commit the mistake again.
ReplyDeleteRegards,
SG Wealth Builder
www.sgwealthbuilder.com