I do personally have a friend who has lo everything in the stocks. Don’t ever rely on entirely it, because your wife or your husband will divo you if you don’t even prov them with a stable home and income. Work on fin a stable income first, and then go play with the stock.
Losing everything in the Stock Market?
- Thread starter Naiwen
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I invest in stocks. There are times I make profits and at times, I lost. I just use my spare money to buy stocks. And I invest what I can afford. I never borrow money to invest.
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- #4
You have experts? Wow, I haven’t known about that. Thanks for reminding me. But brokers could scam you, couldn’t they? I mean, take your money for theirs.
You can definitely lose everything in the stock market if you do not know when to invest money. Majority of the people lose money because they are not able to judge the market and they make bad decisions.
It is very possible to lose huge and substantial amount of money into stock if you do not carry out proper analysis before you jump on this type of investment.
There are many people who regularly lose money in the stock market. I even believe that majority of the people do not make that much. They invest money after considering the "professional advice" of a so-called professional. However, they end up suffering.
The truth of the matter is when it comes to things like stock trading, forex trading or even crypto investment, i would not advice anyone to rely on just that alone. Have other things that can generate capital for you besides that.
Everyone gets this warning that investing in stocks is very risky. People should hear this and calculate their risk tolerance before getting into it. You wouldn't want to invest an amount that if you lose, your whole life will be ruined.
A trader must never invest what they cannot afford to lose. They must never trade without the help of anyone who may have much experience. Trading in the stock market is very risky and should be avoided in case if you have no one to guide you.
You are right, most novice traders do not take financial risks, lack mastery of strategy and analysis, and they rely more on emotions and speculation so they will always lose.
You are absolutely right, it is foolish to enter the world of investments if you do not first have a stable income and most of your expenses covered, then you can try to make money with the financial market, a shame what happened to your friend, I hope it is okay.