Lessons from my $8k IREN loss.. (regard edition)
Everyone is afraid of losing money on the stock market, but sometimes a loss is the best thing that can happen to you. Today, I'm down over $8k on an extremely risky and regarded bet on IREN Stock, but without losses like this, I will not learn the important decision-making skills for the future. Think about it: in the future, WE, yes YOU and I are gonna have so much more money. So if we make the same regarded mistakes, we're gonna lose so much more money. So better to make the mistakes now and learn from them now. Here are the three mistakes that I made on this trade. 1: I got greedy and I put too much money into a bet that was very risky that I did not have high certainty on because I didn't fully understand it. If I want to gamble on something like that, I should do $2,000, maybe $3,000. That's still a lot, but much less than $15,000 fucking dollars. You know why I did that? Because I got greedy. I thought about how much money I could make if it hit and it smashed earnings, but I di
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