“Quit day trading, and donate your money to charity instead. Same financial result for you, and a better outcome for society.” – Morgan Housel
Do you know the thrill of playing at the casino?
How every small win excites you and the losses make you determined to play more in order to get back what you lost.
It’s really an exciting game for sure.
But the truth is, you are gambling your hard-earned money in a game of pure luck.
The odds of you hitting the jackpot are really slim, yet you keep on playing.
This is the exact way some people treat their equity investments.
They buy stocks at their lowest rate and the moment their rate goes up, they sell them.
This type of trading really excites some people.
But they have to consider how they are gambling with their investments instead of focussing on creating long-term wealth.
Treating our Equity investments as some sort of game is one of the biggest mistakes we can make.
To prevent ourselves from making such mistakes, we must be aware of the downside to the Stock market.
Watch our video on “How to avoid key mistakes while Investing in Stock Market?” to get a clear idea of Stock Market Investing.If you have any comments or questions, write them in the comment box below.
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