An old friend of mine who makes a lot of money in his business but also made a lot of money on $AMC, $MARA, $RIOT, #cryptocurrecy etc last year #HODL then lost it all.
(1/2 Million) told me he wanted to be a
"Day Trader" now.
What did I tell him?
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He should just wait for the next bus to come along, get on, and this time sell when it’s time to run.
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He should have used the profit to invest long term.thats what I always do.any profit I get from swing trade I'll invest it in stocks like KO, BK ,GOOGL
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It’s ok to be interested but it can be a painful game. If it’s something your friend truly wants to do, ensure they’ve done a proper post mortem on their previous losses & are ready to be extremely diligent with their risk management this time around.