Everyone has different motivations when getting started investing in the stock market! I have found it to be much more effective to approach the market with a mindset that is eager to learn and not so obsessed about the idea of making money! Just like every creative market, it takes time to first learn then make money! Don't skip steps!
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By Stock Chat

where the coffee is hot and so is the chat

31 thoughts on “Don’t start investing to make money”
  1. Avataaar/Circle Created with python_avatars NERO BEATZ says:

    The reason why I want to start online trading so I can leave my job which Retail. The pay is alright but I don't like to deal with custumers, thiefs, managers, co workers, my boss, venders, restocking, cleaning up after people's mess and so on. And also want to move out of my family's house and away from society for a while. So the question is will Online Trading be a way out or will it help achieve my goals? That's Why I'm Using Think or Swim to paper trade. I don't know which road or path will get me there (my goals). In life it's always better to try new things instead of not trying at all.

  2. Avataaar/Circle Created with python_avatars R E says:

    I want to Learn because I am interested in making successful trades. Even if it is with paper money. I just want to learn how it works, understand what is happening and why it is happening, and if I can make a profession out of it, a full time career then great. But I like learning and this is challenging which will keep me interested in it for a long time.

    The dream of making it a full time job is my motivation to get started, but not my reason why I want to be doing it. I want to succeed and I want to succeed at this. So soon you will be educating me. I have a full time job which pays my house/bills etc. Making extra money is just a bonus in something I have been interested in for years. Just never knew where to begin!

    I like analysis, studying, researching and using a computer. So why not combine it into an interest of mine and try making money off it later on.

  3. Avataaar/Circle Created with python_avatars Nachannachle says:

    If you believe there is a recipe for making money without ever losing some of it, then you are deluded.
    The point of investing is finding ways NOT TO LOSE too much money alongside making some of it.
    Ain't nobody ever gonna get "wealthy" by trading (aka dabbling/gambling on stockmarkets).

  4. Avataaar/Circle Created with python_avatars Grown & Sexy!!๐Ÿ•‰โ™๏ธ says:

    Can you please be โ€˜my brotherโ€™ for a week so I can shadow every single thing that you do?

  5. Avataaar/Circle Created with python_avatars KnsBlaze says:

    im struggling to keep myself motivated, could you give me some advice on it?

  6. Avataaar/Circle Created with python_avatars Westview Garage says:

    It needs to be a lifestyle not a desperate job

  7. Avataaar/Circle Created with python_avatars lotto says:

    Anybody here hate the weekends now ever since you started trading? Lol.

  8. Avataaar/Circle Created with python_avatars jesus barroso says:

    Hey Ricky hope your having a blessed Christmas I was wondering what is your opinion on Forex ?

  9. Avataaar/Circle Created with python_avatars Jorge Rivas says:

    Ricky, well said, absolutely right, mi hijito. Keep up the good work. I'm retired and make a lot more money on my savings accounts than I do on stock trading. Trading is low stress and fun for me & has more profit potential. My goal for 2020 is to increase my position sizes as I become more consistently profitable & make more money trading than in savings accounts. I don't paper trade–no skin in the game. Becoming consistently profitable will be a challenge. Ricky, keep that great smile for 2020. It's contagious! Thanks for sharing.

  10. Avataaar/Circle Created with python_avatars ุงู„ุตุฑุฎุฉ says:

    Why you talk so velocity, I can't understand you๐Ÿฅต

  11. Avataaar/Circle Created with python_avatars Lucas Dรฉ Abrielle says:

    Hello Rick how can I start investing when I only have $100? ๐Ÿค“โ˜บ๏ธโœจ

  12. Avataaar/Circle Created with python_avatars Bekindto1another says:

    Investing is one of the most overated ideas ever. When 90 percent canโ€™t make money.

  13. Avataaar/Circle Created with python_avatars Dar C says:

    There is a difference between investing and trading which is more like gambling your money.

  14. Avataaar/Circle Created with python_avatars Hector Almonte says:

    Nail it. Just learn and work.

  15. Avataaar/Circle Created with python_avatars Gustavs _ says:

    What do you think about bitcoin at this time?

  16. Avataaar/Circle Created with python_avatars Janderson Soares dos Santos says:

    I would like to know…. Why he doesnยดt take a breath??? so much fast your speaking!! why???? hey boy take rease man…

  17. Avataaar/Circle Created with python_avatars s eb says:

    Yep

  18. Avataaar/Circle Created with python_avatars carspottersa says:

    My friends invested in crypto 2017 and got rekt but I didn't quit on the idea of letting my money work for me never quit.

  19. Avataaar/Circle Created with python_avatars Sophia's Many Adventures says:

    portfolio averages 18% a year for 10 years yeh!

  20. Avataaar/Circle Created with python_avatars Nomad Autodidact says:

    I paper trade with the mentality that I'm just playing a video game. Kind of like a hardcore version of solitaire.

  21. Avataaar/Circle Created with python_avatars Dodecahedron says:

    DGaz Ugaz

  22. Avataaar/Circle Created with python_avatars Vasily Kravtsov says:

    For the beginners I think the best strategy is to pick 2-3 amazing companies which you believe in (AMD, Apple, FB, MU, NVDA) and buy the dips. You'll make money in a year. Ofc that's not day trading but you'll make money. That's more like investing.

  23. Avataaar/Circle Created with python_avatars lucas cordero says:

    Always know that in whatever you do or put your mind to you will achieve it with focus, consistency and direction, get expert counsel from a professional.

  24. Avataaar/Circle Created with python_avatars MAX WIZARD says:

    I will rise again 2020

  25. Avataaar/Circle Created with python_avatars Aaron Cee says:

    This is the dumbest caption of 2019

  26. Avataaar/Circle Created with python_avatars tealsnow says:

    Great advices/tips!!! ๐Ÿ™Œ๐Ÿ™Œ

  27. Avataaar/Circle Created with python_avatars Neil X ๐Ÿฉบ๐Ÿ’‰ . says:

    I'd like to know what you think about trading options

  28. Avataaar/Circle Created with python_avatars Gary Poe says:

    I want to make $100 into $200. I think if I can keep learning and manage to reach my goal, I will have $200 eventually to make into $400. Sure I can dump my savings account on this hobbie, but whats the point if you dont learn. Knowledge is life.

  29. Avataaar/Circle Created with python_avatars Henrique Catana says:

    hi someone can say which is the best platform to start day trading inicially with paper money ?
    In Europe tho !
    Thankss a lot

  30. Avataaar/Circle Created with python_avatars Melissa says:

    Great advice Ricky. Trading wasn't your only source of income when you left your telecomm job to day trade full-time. You must have calculated your incoming revenue and living expenses and became confident you had enough revenue sources not worry about having to make a certain amount of money trading and approach day trading as a learning process.

  31. Avataaar/Circle Created with python_avatars Ryan diskin says:

    How do you notice a trend breaking/starting before its completely noticeable?

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