Post
Topic
Board Economics
Re: Be greedy when others are fearful...
by
South Park
on 19/08/2018, 17:35:24 UTC
a friend is investing dollars and euro. but he is making so many funny moves that he really earns very little. another friend earn much more thanks to his courage even though he does not know the market well.
Your friend is just lucky, it is true that you need guts in order to be an investor but that is not enough you need to have knowledge because once the luck runs out and your friend begins to lose money it is likely he is going to take even greater risks trying to keep his previous earnings and when he does that he will lose even more money as a result of his decisions.

In my own opinion, it was not about luck, if the trader or the person is really good at marketing or they knew how to trade properly then it was very easy to earn profit and take advantage of the current situation.
Read the post I answered to, it is about luck, the user I responded to says that the friend that is earning money in the market does not know the market very well, which means that whatever profits he is getting is because of luck and nothing more, anyone can win a few times in this market the real question is if you can make those kind of profits consistently and most can't.