Sept. 8, 2020
Introduction
It is important for a beginner to focus on how to stop loss; Stay away from wishful thinking. Market will do whatever it does. But as an investor, always stop big loss.
My positions and $5000 dollar loss in a day
Actionable Items
I do think that all my money management problems in last 30 years showed up in my stock investment last six months. Stop big loss, and keep small wins, then I can build wealth.
Learn new techniques and also apply quickly. Do not wait until there is $5,000 dollars loss. Try to focus on stop big loss, not always think about making money and purchase stock in cheapest price.
The reason the cheaper price is that the company does not have stable income, and still in a lot of debt. So once the market is in correction, SU.TO and IMO.TO stocks has problems and loss is close to 10%.
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