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Thread: Cipher Pharma (DND)

  1. #11
    Senior Member Dopplegangerr's Avatar
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    Toronto.gal there are so many tough lessons to learn for investing, the depth of it is incredible. I can see how people dedicate there life to something like this, it seems that there is no end to the learning. In most things in my life it is very easy to form opinions, in investing I feel like a child. I dont even know what I think or how to make my own decision about things, so I feel like I need to take things very slowly and build a good solid foundation. I need to accumulate my own internal screeners to make sense of things. I know there will be a learning curve to this and things will take time.


  2. #12
    Senior Member Toronto.gal's Avatar
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    'No end to learning' the business is right and hence never boring, if you're prepared to learn & it's your 'strong cup of tea' [quoting a friend of mine].

    I have been a DIY investor for almost 3 years and still feel so klutzy sometimes, so yes, be patient & take your time learning. One of the mistakes I made early on, was rush a bit thinking the market would run away from me, but I promise you the markets won't expire while you're learning [just the prices may spring].
    “Simplicity is the ultimate sophistication.”

  3. #13
    Junior Member
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    I've taken some of your advice Toronto.gal and started to formulate a strategy. . I'm freezing my real money account until I actually have a set plan in place for every trade I make. Most of my "investing" has pretty much been hopeful gambling so I have stopped that in hopes to trade when the reward is worth the risk. I'm starting to understand trading is pretty much all about finding the greatest reward for the least amount of risk.

    I'm reading 'day trading for canadians for dummies' as well

  4. #14
    Senior Member Toronto.gal's Avatar
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    Quote Originally Posted by bigbadbull View Post

    1. I'm freezing my real money account until I actually have a set plan in place for every trade I make.
    2. I'm starting to understand trading is pretty much all about finding the greatest reward for the least amount of risk.
    3. I'm reading 'day trading for canadians for dummies' as well
    1. That's great & I hope you mean it!
    2. Capital preservation comes first.
    3. +1 for reading, but don't miss the other versions as well, which I highly recommend: Investing for Canadians for Dummies/Stock Investing for Canadians for Dummies.

    “Simplicity is the ultimate sophistication.”

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