12-15-2004, 08:42 PM
Munkay,Dec 14 2004, 05:54 PM Wrote:On the topic of the Stock Market,One can't compare horses races with the stock market.
In grade school a teacher once remarked that the stock market was "just a horse race with higher stakes. Don't be fooled, it's the highest stakes gambling you can make."
So my best advice is to relax, drink a beer, and watch Horse Number 7 Luckystrike run to a photofinish... :P
Cheers,
Munk
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If you lose a horses bet,you lose 100 % of your bet,whereas if you lose money by trading/day trading,you'll only lose a few percents of your capital.
When you lose 100 % of you bet on a wrong horse,it will be very difficult to get back what you lost,and harder to make a profit;unlike casino/horses bets,trading stocks is much much safer because the few % that cost you money,can be recovered the next day.