Matthew Spositi is an aspiring trader, Austrian Economic enthusiast, entrepreneur, and founder of New Millennium Wealth. My goal is to help individuals get out of the rat race and become financially free, by showing you every step of my journey, and by sharing all of the knowledge I have accumulated about trading, investing, markets, and economics over the past 5 years.
Episodes
Wednesday Aug 05, 2020
Wednesday Aug 05, 2020
While this may seem like an obvious thing, you’d be surprised how many people risk money in the markets that they really can’t afford to lose.
It’s not unheard of these days, to see people who are living paycheck to paycheck, and barely getting by, to risk their money, or in some cases other people’s money via debt, in the markets.
That said though, the reason you never want to risk money in the markets that you can’t afford to lose, is because it’s not a matter of if your going to lose, but a matter of when you’re going to lose money in the markets.
This is why, any time I put my money at risk in the markets I always consider it to be lost right out of the gates. That way if I lose money, I will mitigate negative emotions that come from losing, and if I make money, it will be a happy surprise.
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