Trading stocks is so stressful

On a 20000 dollar account I lost 4000 in the last two days. It takes a lot of nerves to be able to do this, and I am developing control over emotions. But, I have had terrible past two days.

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Trading is very stressful. Professional traders take options on their bets to minimize risk and losses.

If I were you I would do a Warren Buffet and invest on the long term. That’s more my style anyway.

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Short term trading is too risky for me. I invest in stocks and hold them for a long time.

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I have a smaller account which I am investing long-term. I have been reading the book “The Intelligent Investor” with whatever remaining capabilities I have of reading things.

It is interesting, I love trading, as well as investing. The key to both types of doing things is to be able to control your emotions in the face of drawdowns.

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Have you read the intelligent investor? It is a must read for people who hold stocks long-term.

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I used to work in the financial information sector.

I didn’t get along with the trader clients but I did with the investors. So, I stayed most of my career on the buy side in investment management and wealth management.

I have not. I’ve read some stuff and tried using some investing advice, like fromthe Motley Fool, but I have found that I tend to do better on my own with common sense and my own judgement to this point.

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That is great!

I wanted to be a trader at the buy side, but couldn’t because of schizoaffective. I had the requisite educational credentials though.

I have been trading for two years now, and feel my strategy should work, but the thing about controlling emotions is necessary in this type of work.

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It is a book written by Benjamin graham on value investing, the author who inspired Warren Buiffet into value investing. It is a must read for those that hold investments long-term.

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Most people don’t have the stomach for the stock market :smiley:

It’s funny that the psychology of the investor is to buy when stocks are at all time highs and to sell at all time lows.

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ok. I will try to remember to have a look when I’m feeling like a read. Thanks for the advice.

Ive generally invested at the wrong time for short term bets. Mind you ive never really researched much.

Maybe a good long term bet are semi conductor stocks?

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I do that, buy at highs, and sell at lows. That is because I am a trader, though. For investors, it is about buying at lows and selling at highs.

I am learning investing, while I have traded for the past two years.

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Well, a good long-term bet is what is cheap related to the valuations.

So, you have to slightly also analyze the financial ratios, and really see which stocks are cheap for their price.

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I got caught up trying to cash out some money during the quadrigacx nonsense in canada. Lost like 3k there but finally the trust company is sending portions of it in installments. Maybe ill get it all back in 10 years :sweat_smile:

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I don’t know what happened in Canada? You mean the company went broke?

This can also happen, that the company gets delisted. You hope that the investments that do pay, pay more than you lose on the bad ones. You will make losing bets, that is for certain, and it is about keeping a cool head when things turn against you.

@Andrey didnt you get caught up in the mt.gox crypto stuff?

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Bro crypto is going up, but bitcoin may lose 95 percent of its value. It sounds like the tech bubble, where something like 95 percent companies failed when the Nasdaq bubble burst.

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Quadriga was a crypto exchange that turned out to be fraudulent. I was just trying to use it to cash out my crypto from binance. I couldn’t see many other easy ways at the time to convert my crypto to cash. And so the owner ran off with 200 million and faked his death…

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Yeah i wouldnt get involved with it lol