Thursday, September 10, 2020

Do not worry for today big loss - I used to waste $40,000 dollars on less than three year on Citi bank credit card expenses

 Sept. 10, 2020

Introduction

It is my big battle for money management. I have to avoid big loss. I started to learn how to invest on stock market, but I did not learn the rules, and how to follow the rules. No. 1, avoid big loss. 

My bad habit - money management - over 30 years

Once I form the bad habit, it is hard for me to correct the behavior. I have to learn this lesson, Sept. 10, 2020, I made mistake not to set stop loss on over $60,000 dollars TFSA account. 

Actionable Items

Look at this positions on Sept. 10, 2020. This is not an investment daily report. It is gambling. I do not learn how to prevent market risk, set trail stop limit on my positions. Diversification and all other things are missing in my portfolio. 

I only can make $2000 dollars after tax, and one day I lost near $3000 dollars on one account. 




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