Hoping for good luck
Very often, the stock market is compared to a casino or a lottery. Lucky-no luck. This is completely untrue, but many people approach to work on financial markets from this very point of view. And really satisfied with their work in the casino market. But … you know who wins in roulette? First of all, the casino itself! Therefore, if the financial market for you is a roulette, then you have exactly the same chance of success as in a real casino, that is, zero!
How to avoid it? First, with the help of a long term investment. Continue reading