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[–] 70 points 4 months ago (7 children)

For those without golden parachutes at least, the golden rule of trading is never to invest more than you can afford to lose. You may not win big, but at least you won't lose everything like OOP

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  • [–] 49 points 4 months ago (4 children)

    and recognize it for what it is: gambling on whether some dudes think this company is worth more today than yesterday.

    if you were gambling on what some dudes thought about an egg you'd take it a lot less seriously.

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  • [–] 1 point 4 months ago (1 child)

    I disagree that investing in the stock market is gambling with the caveat that many people treat it like gambling.

    What I mean is that boring, defensive trading is a fairly predictable thing. Boring, stable and mature companies are typically safe investments that do grow over time and are a good way to protect yourself against inflation.

    The issue is people want to maximize returns, even if expectations are unrealistic, and make risky gambles at unwarranted expected returns. Look at a company's profit, expenses, history and dont expect the future to be ideal for big returns.

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  • [–] 2 points 4 months ago*

    Also, after investing whatever you can afford to lose, forget about it for a long time. If stocks (at the level most investors can even think about buying) are going to pay off, it's going to take a while.

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