It is no such things as overnight success when come to investing. It is a life long process, and battle. 95% ~ 97% of the traders learned the hard way, and lose money in a consistent basics such as myself. I’ve lost more than $10,000.00 in one of my position due to lack of trained, and discipline.
Ask yourself one questions if you decide to invest in Stocks, Options, Futures, or Forex. What is your objective? What is your Goal? What do you want to get out of trading? What kind of life style will trading provide you? If you are thinking, becoming a millionaire overnight? It is better to buy a lottery ticket than trading. Trading is not for you! In order to make money in the market, how much money are you willing to lose? Yes, I am asking how much money can you afford to lose? What is your risk tolerance? Are you able to sleep if you lost more than $1000.00 in a day? If you can not tolerant to lose your hard earn money, stay out. Of Course, likewise, you will have glorious day!
In my case, I invest about 10 % of my income into stocks, and options. If I lost that money, it will has the minimum affects of my daily life. You see, I don’t have much to invest, that’s why I preferred options trading. Options give me the Leverage to make the big profits. It allows me to use a couple hundred, or thousand dollar to make 10 or more times of the initial investment. Of course, you have to get yourself properly trained.
Otherwise, you will find yourself with an empty account before you know it. Making profits in option is simple, but never easy. Please don’t misunderstand being simple, and easy. Starting with the right foot will save you tons of money, times, and guide you on the right tracks. I took it the hard way. It took me many years, and more than 20k to learned what I have today. I hope this will not happen on you. The right education will guide you to your financial success, and freedom!
- My name is Ryan C. I've been trading stocks, and options for sometimes. I personally operates a Chinese Food Restaurant in Los Angeles. One of my passion is making residual income from trading, and currently heading to the right direction. On this blog, I am just sharing my thoughts, and my personal trading experience while I have time. The course that I recommend onsite because I benefits from it, and hope it will be beneficial to you as well. Happy Trading!!!