Decide to quit the stock market
I sold all of my stocks in my account yesterday, and lost me 5,000 dollars. However, this sum of money would be my last lost in stock trading because I swore I would never get into this market again!
I began to trade stocks since five years ago, while the stock index was soaring crazily. Unlike some other retail traders, I tried to learn as much financial knowledge as I could through self-taught, with a wishful thinking that if I became an expert of investment one day, I would be sure to make money easily from the stock market. Over the five years, I have mastered specialized financial softwares for the technical analyses of stock prices. I have even read some related professional finance textbooks published in the U.S. None of the above helped.
Today, I am fully convinced that the stock market has no rule. As a normal investor having no access to commercial secrets, I cannot know what happens within a company. In addition, the stock prices are also affected by the policies and overseas markets, and in many occasions, people just act irrationally in unpredictable manners. In practice, there is no lesson to be learnt, because the history will not simply repeat itself. The experiences summed up for years are probably a big trap in the future. Any people purportedly having beaten the market are likely by luck or through ulterior ways, including Warren Buffet. The prices just change up and down randomly, and the fluctuation has been making me feel uneasy.
I have given up the one-night millionaire dream now. No matter how ‘bullish’ the market is, I will not trade in it.
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Corrections · 2
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Wow, What a small world we live in. I also had lost almost $5,000 from trading stocks and commodity funds when our U.S markets sharply declined in 2008. I did recover about half of these losses in the following years as the markets recovered but I was very frustrated that it had taken me 3 years to recover only half of what I lost in one year. :( I no longer actively trade in the world financial markets. I realized that the only one making any real money from my stock trades was my brokerage firm. I had also just recently closed out my brokerage trading account this year. I can make more money by counting cards at casino blackjack. hehehe
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it seems that you are industrious through your self-educational experience. Maybe in future you will make a big sum by some other way.
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