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Gambling on Stocks

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One of the biggest things that separates amateur investors from professional investors is the idea that money always needs to be at work or you risk missing out and losing to inflation. Most every organization in the financial and investing community benefits from ignorant money coming to the table and betting against them. But fewer and wiser trades built off from greater confidence are a better strategy for the average investor.

It’s a luscious mix of words and tricks
That let us bet when you know we should fold
– The Shins

Another big thing that separates amateurs from professionals is stop losses. Nobody is right 100% of the time, and a big part of growing wealth is minimizing losses. Tight stop-losses help you maintain gains and prevent losses.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1. – Warren Buffett

Written by admin

January 21st, 2009 at 8:05 am

Posted in fun

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