Thursday, September 10, 2020

I might be a gambler. I need to learn to form a good habit after good research.

 Sept. 10, 2020

Introduction

It is human nature to get addicted to invest on stock market. After short term big loss, I need to work on my money management problem first. Avoid big loss as a beginner on stock market. 

Money management

I have this problem over 30 years. I grew up with a mom who is biased on treating six siblings. I grew up with jealous of getting favor treat from my mom starting from very young. 

I did not learn money management. I live a single life and do not talk about money management. Until this market correction, I just found out that I need to learn. 

Being frugal. Delay gratification. Hard working. Do research. Try to make a small position win. Do not bet too big. Common mistake for a beginner is to avoid big loss. 

I need to learn again. After 30 years, it is hard for me to discipline myself. 


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