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https://loopvids.s3.amazonaws.com/Dec23Post.mp4 Playing with scared money is never a good idea. Both literally and metaphorically. Literally this applies to investing and gambling. Say you buy a stock at $100 a share. It pops up a little bit, but then sinks down to $90. Then $80, then $70, etc. It's tempting to toss MORE money at it. The idea being that IF it goes back up, you'll make even more. But this is also VERY dangerous. Because the more money you lose, the LESS you are thinking logically, and the more you are thinking emotionally.
There are a lot of expressions involving the stock market. One is "I got rich because I never bought at the bottom, and I always sold too soon." Meaning that if you try to "hit it out of the park" with every trade, you may risk losing everything. While taking short, consistent profits (never buy at the bottom, always sell too soon) over an extended period is a great way to make a fortune. Another one is to "sell down to the sleeping point." Which means if you can't sleep, you have too much risk. Risk is necessary, but if you can't sleep, you've got too much. Anoth