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2024 Author: Malcolm Clapton | [email protected]. Last modified: 2023-12-17 03:44
High expectations lead to disappointment, and the stock market is no exception. Keep this in mind if you want to try yourself in stock trading.
Alas, the average person in Russia knows too little about stocks. For example, in America, almost every family has a purchased package of securities that generates an annual income.
Just think: our stock market is only 25 years old, and in the US it is already more than 200 years old, and this is a colossal difference. It's time to catch up, but first let's figure out what is not worth waiting for along the way.
Too easy money
You don't have to be a scientist. Investing is not a game where a guy with an IQ of 160 beats a guy with an IQ of 130.
Warren Buffett is the largest investor in the world
The investment genius said it all right, but brokers exaggerate the meaning of these words. Promotions are far from easy. Anyone who wants to buy them will already have a lot of difficulties. A poorly trained user will not understand trading programs so quickly, but this is still half the trouble. First, you will understand how to buy stocks at all. Then you will need to understand how to get at least some profit from them, and this is already a whole science.
Quick profit
Even if you are very talented and put in a lot of effort, some results simply take time: you will not have a baby in a month, even if you force nine women to become pregnant.
Warren Buffett is the largest investor in the world
Stocks are not fast carbs. You have to wait to get income. Nevertheless, this does not mean that you need to buy with the expectation of tens of years.
Someone trades for a year, others need a month or a week. Particularly impatient market participants are trying to make money on deals lasting a few seconds. Even in this case, at least a little tangible profit will have to be calculated at the end of the year.
Entertainment
Investing should be boring. It doesn't have to be exciting. It should be like watching paint dry or growing grass. If you want an exciting experience, take $ 800 and go to Las Vegas.
Paul Samuelson Nobel laureate in economics
You won't find fun in trading. Only a cold and strict calculation will allow you to make money on the market. Although novice investors burn with enthusiasm, it all looks like excitement. Buying shares is not a card game, but serious business.
Stability
The stock market is not a game of responding to every serve. You can miss the ball and wait for the right moment to kick.
Warren Buffett is the largest investor in the world
Quitting your job and waiting for a stable income from the stock exchange is suicide. The market is unaware of your monthly loan payments. One month may be a plus, another - a minus, but at the end of the year there will be a profit. The calculation is carried out not only by months, a negative year is also no exception. Unfortunately, many beginners fail to grasp this simple truth.
A ready-made recipe for success
Success is the ability to walk from failure to failure without losing enthusiasm.
Winston Churchill famous politician
Trading stocks is a thorny path. Not only are there few intelligent teachers in this area, but everyone has different approaches. No one has any single system that would be profitable. In this regard, investment is closer to art than science.
Output
Naivety will not save you from losses and disappointments in the stock market. Taking off your rose-colored glasses and leaving high expectations is simply necessary if you seriously decide to take up this business.
How did you imagine stock trading?
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