Trade With Sense • 02.21.08
I want to retire rich and young. Sounds like a dream, right? As long as I don’t take any action, it will always be a dream. Money doesn’t come easy. We have to work long days just earn that extra $100 for paying off the bills and have some for food.
While some may dabble in stocks, is there a way to be able to actually make a killing in stocks? That’s provided you know when to sell and when to buy. One doesn’t gamble in stocks, one makes use of stocks for getting out of the rut.
There’s a difference between trading, speculating and gambling. Obviously, since gambling is just putting your money without the odds being in your favour. Not everyone is able to go into trading and stay focused.
Trading needs a lot of effort to be put in the first time. You build up your own system and checklist that is working for you. You alone control where your money will go. You reduce your risks. Finance isn’t just about saving up for studies, retirement or kids. It’s for life.
