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losing money contineously

by sunil
(indore, india)




sir,

I taken a loan and i have lost one third of the money already, now i have lost my confidence, and i can't do away with this. i have only one choice to make money.

what should i do? i make some plans everyday after market hours but when i come before the screen i forget everything and start dooing the same thing again and again, on the other hand i do feel i can make money from the market. please suggest me some thing so that i can regain my lost confidence and become a better trder.




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losing money contineously

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Feb 28, 2011
Stocks Simplified Writes
by: Shaun

The first thing you need to do when you dig yourself into a hole is to stop digging. My personal rule is that trading in the stock market, especially when you are just starting out should only be done with money you can afford to lose.

I never recommend taking a loan out to trade the markets. The more you NEED to make money now the more you will let your emotions get in the way and that will make it harder to follow your plan.

I don’t give advice, but if it were me, I would start thinking about how I am going to pay off the loan instead of getting deeper in debt. I know that is not what you wanted to hear, but I have just never liked the idea of taking a loan from the bank to trade stocks.

It sounds like you’ve had a rough ride. Whatever you decide to do I wish you luck!

May 27, 2011
stock tips
by: share tips

I really appreciate your post and you explain each and every point very well.Thanks for sharing this information.And I’ll love to read your next post

too.
Regards
stock tips

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