Do not be lure by the easy money

On march 11, i was reading the newspaper. Guess what did i saw? The headline was a guy lost 700k in a months. He lost a lot of money when the market meltdown. He lost a lot as he was hype by the easy money that he make earlier on (80k). Then he managed convince his dad to lend him 300k for him invest. He lost 700k and his long time girl friend of 8 yrs. He only paper trade for a few days.

Lesson learn ….

- Set your account that suit you even in Virtual trade/paper trading . Do not set it 100k when you cant afford to fund it or even stomach so much money
- Formulate your rules and hone your skills
- Stick to your winning rules and keep on study and learn new skill
- Cut loses and never ever invest on credit as your fear will dictate your way cos you cant afford to lose the money
- Learn how to win in a bearish and bullish market then trading will be so fun and enjoyable

Hope all of you have a happy trading experience …
feel sorry for that poor guy …