Thursday, September 10, 2020

Money management problem: I have problems to manage money - avoid big loss

 Sept. 10, 2020

Introduction

It is my six month stock investment experience. Through those experience, I learn how to take advantage of those stock swings, but today I suffered big loss again. Another $2,000 dollars loss on my TFSA account. I did not set stop loss again. Life is too tough to learn a lesson. I need to stop this investment game - it is a scam!

My Canada TFSA positions

I like to stop those positions, and sell them tomorrow morning when market opens. I will no longer hold positions overnight, and I like to take at least two months off the market. I need to go back to normal life, enjoy full time work, and learn algorithm and system design. Be a good engineer. 

Speculation, stock up and down. Vanguard total market index fund does not change that much. But my speculation and not diversified portfolio went down over 15% worst one. Less than one month ago, my TFSA account has $60,000 dollars on cash, only $6000 dollar on the market. 

My love of those easy money pushed me to be a such speculator. I tasted the loss and I need to confess that it is not a good habit to play the game, when the whole market is full of manipulation, and fear and greedy. 




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