Updated: October 9, 2020
Listen to Episode 40:
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Episode 40 Chapters:
- 00:51: My First Stockbroker
- 02:08: The First Mistake
- 03:24: Buy Low, Sell High
- 05:03: JFC and FPH
- 07:47: Episode Break
- 09:34: Losing Everything
- 12:41: Coming Back
- 14:48: Lessons
Excerpts and Highlights:
Don’t invest in it until you understand it. Not just how the stock market works, but you also need to have good knowledge of the difference between trading and investing.
Don’t rely on stock market tips. Have your own trading or investing strategy.
Leave your emotions at the door. Let your strategy dictate your trading or investing decisions.
Always have a financial goal. When you trade, have a target price and a cut loss price even before you buy. When you’re investing, have a target amount that you want to achieve, so you’ll know exactly when to sell.
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