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RE: Money Making Tip: Copy successful trades !

in #money8 years ago

I am a trader. This is not very good advice. Investing/trading carries a lot of risk, and even experienced traders screw the pooch BADLY. Look at Bill Ackman and VRX (Valeant Pharmaceuticals).
I am not saying that following a trader where they explain what they are doing in the trade, Entry, exit, risk, stoploss, Is a bad idea.

Emotions can kill a trade, and an emotional person can lose more than they ever imagined. Trading is a lot like gambling as well. If you have an addictive personality I suggest against trading. There is just so much risk on in this scenario.
Investing right now would be bad as we are on the precipice of a correction... even if this was invalidated overnight, there is still more to come. My timeline is August/Sept.
But enough of my going on and on.
Good Luck To You

Chris

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