I had a trading strategy for ES futures that did not work out and I must admit failure. But where I really failed is that instead of stopping at 0.5% loss on my savings I kept going and terrible things happened so I lost 2%. I feel like a failure because my final attempt at a futures strategy failed and then I feel I failed myself by not stopping. I have bad gambling impulses that I can’t control. My last hope to make it big is gone
The stock market is just like a casino. It’s just glamourised betting. Be thankful you learned your lesson with just a 2% loss.
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The casino analogy is very real for what I was doing. Other forms of investing over the long term make far more sense, I’ll stick to those
Not really. It’s still just a casino. Just walk away from it would be my advice.
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Have you sought help for gambling?
No but I’m sure I’m not going to be trading futures again
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I used to work in hedge funds, I’ve seen what they do and how they make their money… and while there is inherent risk in the stock market, companies do make money and over the long run the market goes up
If you’ve got a 20 year horizon then that might be true. Anyway best of luck in the casino !
Maybe I’ll stick with bonds
Please be careful with the stock market, it can be risky.
Are bonds secured by the government? If I recall correctly I think they are.
I used to know a lot about investing, but it’s been a while since I studied it.
Take care.
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All of mom’s wealth is in stock market. she just keeps a credit card around and helps me with it once in a while. thanks mom !!
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