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Monday, March 4, 2024
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TRADER EARNED $100K IN 1 NIGHT FROM ONLINE TRADING, BUT NO RISK NO GAIN

A man shared on Facebook that his wife has always tried to stop him from trading stocks, but he did not stop and made a small fortune from trading stocks online.

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Here is the story:

Before reading further, I have to say that I did not do trading of stocks base on friend’s advice nor did I Google for trading tips on the internet.

Trading stocks online is a risky thing and often people who have little understanding of it often tells you to stay away, such as my wife0. But I proved her wrong.

I’m not here to bragged how much I earn but I see too many friends out there that lost their savings because of trading stocks.

There is a very thin line between investing and gambling, most people believe that gambling is luck but the fact is… it is a probability game. Trading online such as buying or selling stocks have much more factors that might affect the outcome of the desired result.

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Last night I made over SG$100,000 from the US stock market, but this did not happen in a night. It was a number of stocks that I have purchased at an earlier period and I have been waiting for today’s arrival. I expected the arrival to be at Christmas but did not expect an early year-end bonus for me and my family.

The initial investment amount that I put in was around $50,000 and it too less than a year to reach $100,000. This means my trading yielded about $50,000 after commissions.

Do your research and bear in mind that there is no such thing as luck. You are also not comparing with your friend, you are doing it for yourself.

There is always a risk that a catastrophic event happening that will affect stock markets worldwide. So the best advice I can give you is don’t put in your life savings, invest any extra cash you have.

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