Instagram LogoI am very disappointed at myself 🤦🏻 I lost over $30K this month with my long-term investing portfolio. But gambling in the stock market is NOT the solution either. I thought it’s normal for me to win and lose thousands of dollars a day at the casino based on what I do: playing poker and blackjack professionally for profit. However, I spent months and years to study to build a consistent winning routine. I haven’t done that yet for trading stocks and options! I was too overconfident with my abilities. Not only did I make too many trades, but I risked way too much too much money each trade and got punished by the market with much bigger losses than wins. In other words, I am making things worse by putting myself in a deeper hole. Perhaps I should be grateful that I am only losing an additional $15K instead of everything I have now. Because if I were to go on a winning streak instead, I could end up blow up all my money. Please don’t make this same mistake. I know to do that for my professional gambling. Why am I so dumb and not realize this for my trading? It’s not a surprise that professional traders who last a long time only trade 1% of their account size. This means if they have $10,000, their max risk is $100 per trade. I thought about just handing my finances to a financial advisor but I believe in myself that I can learn a lifelong skill to build wealth for long term. That’s why I will stick with it. Educating yourself to take control of your finance is the best gift you can give to yourself. #gamblingproblem #tradingstocks #tradingoptions #financialfreedom #stophustling #perseverance #notgivingup #noexcuses #riskmanagement #riskybusiness #takingrisks #mindsetmatters #smartidea #smartinvestor #smartinvesting #learnfromyourmistakes