Make a Contribution to Remove NSFW Ads

I Lost 40,000 ON Friday over the Stock Market! Am i obsessed with money???

J

jhagoodzzzz

Banned
OK ive been lurking but i made a big mistake and took some of my saving into the stock market and lost my shirt.I started with 57 and took it to 83 and didnt have the sense to take it out an dplay with th eup money and tryed to get big with it and lost everything.I still have about 140,000 in savings but its all the money i have and i still have no house (living in parents house cause they moved) and my girl and two kids. I know i was being stupid and im only 25.Im self employed but dont know how longer that will last and made a very nice income the last two years.

The problem is i still want to invest in the stock market and make it back up and just be smarter but dont know if i should risk the money i saved. I feel bad everytime i look into my girl and sons eyes.I know the money is for them and i think me playing the market is me being selfish know i can lose more money.I havent slept the past two days and everyone i talk to says " you still have 140,000 what you bitching about. But they dont know understand 40k is still 40k no matter how you got.

Am i wrong to be stressing this much when i have this much still left? Monday is coming up and i want to reneter the market but dont know if u should. Any ADVICE?
 
ghrn398l.jpg


get some help quick son...
 
Stock market is not made for everybody, best thing for those new to it learn how to use the triggers to keep from losing money and research. The quick money days of the stock market are over. Talk to your parents about getting ownership of the house. Don't ever invest more than 25% of your total weath!
 
i asked a legitimate question and ultimate lurker i live in philly so lets stop the sideways talk unless u wit it.. .i can can meet you right on woodland avenue so lets stop the games homie..
do you even have 10000 in the bank???


Any other real advice for getting back in the stock market?
 
jhagoodzzzz said:
i asked a legitimate question and ultimate lurker i live in philly so lets stop the sideways talk unless u wit it.. .i can can meet you right on woodland avenue so lets stop the games homie..
do you even have 10000 in the bank???


Any other real advice for getting back in the stock market?
Click to expand...

You are full of shit, you never lose money until you sell, if the stock is half way decent you sit on it until the price pops back up again.

Your fuckery is not needed here
 
I daytrade u idiot. You have no idea what the stock market is about .. Please do not comment no more. Sit on the a stock half way descent. How do you do that with options?? do you even know what a option is or a call or a put or leverage or techincal anylasis . DO NOT COMMENT NO MORE
 
jhagoodzzzz said:
I daytrade u idiot. You have no idea what the stock market is about .. Please do not comment no more. Sit on the a stock half way descent. How do you do that with options?? do you even know what a option is or a call or a put or leverage or techincal anylasis . DO NOT COMMENT NO MORE
Click to expand...

You buy options at a difference of the price that your employer has purchased the stock from. If the employer buys the stock at $10 and the stock rises to $20 if you are fully vested you can buy the stock at $10.

You are obviously not a day trader if you lost 40k in a day, you are an absolute dumbfuck.
 
you day trade and dare call someone else an idiot? then you come to a pornboard for advice?

you sir are an ass!!!!.

that said invest in mutual funds such as a fixed income fund. lower risk
 
dude your trippin ... your only 25 you got plenty of time. 140k @ 25 puts you in like the 99th percentile for your age. ... the avg 401k has like 65k in it.
 
jhagoodzzzz said:
i asked a legitimate question and ultimate lurker i live in philly so lets stop the sideways talk unless u wit it.. .i can can meet you right on woodland avenue so lets stop the games homie..
do you even have 10000 in the bank???


Any other real advice for getting back in the stock market?
Click to expand...

:lol: you're funny, the day you meet me on woodland ave will be the day your ftp career will cease on bgol
 
mrcmd187 said:
Stock market is not made for everybody, best thing for those new to it learn how to use the triggers to keep from losing money and research. The quick money days of the stock market are over. Talk to your parents about getting ownership of the house. Don't ever invest more than 25% of your total weath!
Click to expand...
25% is pretty high in itself. Although the experts always say "stocks" as a good investment. I say never invest more than you can afford to loose. That set it and forget it shit is not safe in this economy.
 
jhagoodzzzz said:
OK ive been lurking but i made a big mistake and took some of my saving into the stock market and lost my shirt.I started with 57 and took it to 83 and didnt have the sense to take it out an dplay with th eup money and tryed to get big with it and lost everything.I still have about 140,000 in savings but its all the money i have and i still have no house (living in parents house cause they moved) and my girl and two kids. I know i was being stupid and im only 25.Im self employed but dont know how longer that will last and made a very nice income the last two years.

The problem is i still want to invest in the stock market and make it back up and just be smarter but dont know if i should risk the money i saved. I feel bad everytime i look into my girl and sons eyes.I know the money is for them and i think me playing the market is me being selfish know i can lose more money.I havent slept the past two days and everyone i talk to says " you still have 140,000 what you bitching about. But they dont know understand 40k is still 40k no matter how you got.

Am i wrong to be stressing this much when i have this much still left? Monday is coming up and i want to reneter the market but dont know if u should. Any ADVICE?
Click to expand...

The hardest thing to do when trading is removing emotions from your trades.
Before you buy, you must have an exit point/number.
When you reach that point, you must sell!
And even before that, you must set up a stop loss point.

Where emotions comes into play is when you think you can outwit, second-guess or predict the market, it's a sure way to FAIL.

Think of it as a robot trading for you, you tell the robot, buy @ 81, sell @ 88 - If it goes below 80 Sell everything right away to protect your capital.

And you keep following your plan, day after day. Like clockwork.

Trying to be smarter than the stock market will only set you up for some serious losses.

I say you go back into small time, like a few g's and get into that pattern, discipline, discipline and more discipline.

I know it's easy to say, I have been struggling with this for 10 years now and I am finally getting my mind right because sometimes it's very tempting to follow momentum stocks, fast gains = fast losses also.
 
Pockets said:
25% is pretty high in itself. Although the experts always say "stocks" as a good investment. I say never invest more than you can afford to loose. That set it and forget it shit is not safe in this economy.
Click to expand...




25% isn't high for somebody young as 25yrs. The younger you are the more risk you can take because you have a longer time to come back from it, in theory. the older you get the less risk you should be involved with.
 
Pockets said:
25% is pretty high in itself. Although the experts always say "stocks" as a good investment. I say never invest more than you can afford to loose. That set it and forget it shit is not safe in this economy.
Click to expand...

I don't set it and forget it, it's a tool that has saved me many times. They're alot of tools that people always over look. The difference between gaining and losing money with high risk stock is seconds manually doing a sell order and confirming it take 2 to 3 minutes.

fourth.hung said:
25% isn't high for somebody young as 25yrs. The younger you are the more risk you can take because you have a longer time to come back from it, in theory. the older you get the less risk you should be involved with.
Click to expand...

C/S
 

Make a Contribution to Remove NSFW Ads
You must log in or register to reply here.

Similar threads

CoTtOnMoUf
Should I cut off my friend because he's an avid trump supporter?
3 4 5
Replies
152
Views
4K
keone
keone
BronxBomber
Started a virtual stock game for a friend - Any of the resident investors want in?
Replies
15
Views
525
BronxBomber
BronxBomber
Database Error
What a Recession Could Mean for the Housing Market
Replies
0
Views
106
Database Error
Database Error
DC_Dude
Do The Spike Thing: The Defiant Director on Reuniting With Denzel, Bad Money and Resisting Trump
Replies
6
Views
289
Tdot_firestarta
T
SamSneed
So The Wife & I Are in Panama…
Replies
19
Views
867
Day_Carver
D
Back
Top