LogFAQs > #936279172

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red sox 777 03/26/20 5:43:54 PM #467:	red13n posted... For the record things like this don't make you a good trader, they make you a good gambler. Don't gamble with money you cant afford to lose, even temporarily. The market may go up but you are always at risk for unforseen circumstances causing a crash. Something like the President getting Coronavirus and being hospitalized or something absolutely would tank the markets. Would the market recover? Yeah, but in the short term(Short term is 12 months) if you needed that money for a bill and don't have it, you arent magically going to get it back. I wasn't saying that's a course of action he should have actually taken. It was meant to highlight the gambling nature of the market. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:936279172] in Stock Topi... [t:78451720]...</cite> <quote>red13n posted... </cite> <quote>For the record things like this don't make you a good trader, they make you a good gambler. Don't gamble with money you cant afford to lose, even temporarily. The market may go up but you are always at risk for unforseen circumstances causing a crash. Something like the President getting Coronavirus and being hospitalized or something absolutely would tank the markets. Would the market recover? Yeah, but in the short term(Short term is 12 months) if you needed that money for a bill and don't have it, you arent magically going to get it back.</quote> I wasn't saying that's a course of action he should have actually taken. It was meant to highlight the gambling nature of the market. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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