Okay -- So here we go.... Alibaba (BABA) is down today rather than continuing to go up...
My point here is not to discuss any particular stock - but to use 'em for examples.
So if you were a buyer (at any price) of BABA.... and this morning it's headed south... how are your guts when you look at your account? Do you REALLY know anything about the company? Do you really understand the price/value... or is this a pure speculative buy based on nothing more than the hype? The answers are easy when it's going up... they're not so easily answered when you're losing value/money.
YES -- this is only one day.... and that's not my point. My point is -- are you truly ready mentally and financially to "gamble".... That's something nobody can answer until they're doing it. Some love it - most people I know don't. Pay attention to your response to yourself... and if nothing else - learn from it.
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