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the 3: point which is the most important one is not to keep…

#51495
HPT
Participant

Hope that you are better now… I have a similar problem with stocks and options trading…

I sell options and invest in stocks, most of the years I make money, but some months have a big loss..

what you wrote above:

“the 3: point which is the most important one is not to keep any extra money with you.”

it also help me, and would like to share the investment idea that work for me, and have less cash available for gambling…

A few years ago, when I also take some loses… I start withdraw money from my trading accounts, to buy rental properties with mortgages, in that way, since the money is invested in the property, I didn’t have access, when “hot opportunities” show in the market…

Income property investment, offers you less than 1% risk of failure. According to Home Loan Bank Board, in 2019 less than one home mortgage in hundred was foreclosed. So if you save money for a down payment, get a mortgage and buy a house, in 20 or 30 years, you have 99% of having this house without mortgage, clean, which probably will be worth more than it worth today, and if you start doing that after 3 or 5 years you can refinance to buy to rent, another one, and repeat the process…

you will not have too much cash available for gambling since it’s in the house, and you will end a lot richer than “investing” in forex, stocks, options, or gambling… how many people do you know that grow reach with real estate, and how many people do you know that grow rich with forex, stocks, options, or gambling?