One of the lessons my friend gave me when i started trading was don't risk what you can't afford to lose.
A couple days back I bought shares via a capital raising where they were issuing shares at $8.00 while currently trading at $11.00. I told myself this is free money! Not a gamble? Well the new shares begin trading in 2 weeks and already dropped $1, today they're $10, who knows where price will be, if the market takes a hit maybe I'll be underwater. Ps: strangest thing, the company is a sports betting company. PBH.AX
You clearly have no plan, so it is a gamble. If I take a trade: I know why I enter there I know where my stop is I know on which signal to exit I know that I have a high probability to make money, good expectancy I know that in the trade I never can wipe out For me that is not a gamble, because I know the outcome for any scenario that might happen.
I definitely have a plan and follow it, but you know....... https://www.dictionary.com/browse/the-best-laid-plans-of-mice-and-men-often-go-awry The best-laid plans of mice and men often go awry No matter how carefully a project is planned, something may still go wrong with it. The saying is adapted from a line in “To a Mouse,” by Robert Burns: “The best laid schemes o' mice an' men / Gang aft a-gley.”
You don't get it. I have also a plan if things go wrong. From what you posted you have a lot of thoughts but nowhere I saw a structured plan.
hehehe, do you know me? Where have we met? First (try to correctly) read what I wrote and then try to think if you understand what I wrote. In general newbies always dream about billions. After more than 25 years of trading I know what I can expect and what not.