When the economy started to decrease, the stock marked decreased as well which caused my portfolio to collapse. I remained awake for long that night looking several times at the numbers convinced that I have been robbed of my money But the truth was that I had simply been caught off guard and I had paid dearly for my ignorance. Yes, I was ignorant, like most part time investors.
However, it is not completely our faults alone. Like millions of Americans, I was convinced by the phony experts, snake oil salesmen and hucksters who get up on cable television and convince people that they have a surefire way to make them money. As nothing attracts like easy money, I opted for the plan I listened to the advice of these so-called experts and I invested in hot stocks and did little to create a well-balanced portfolio.
The value of my portfolio plunged when the market crashed. I lost more than half of the value of my investments, and my wife was understandably upset. As a matter of fact, she was incredibly furious. We had several heated arguments where I tried to defend my actions, even though I was clearly in the wrong. My concern was for money problems causing a rift with my wife. We both contributed money to a portfolio in which we are going to use for our childrens’ college fund.
At that point I honestly never wanted to invest in another stock again. This is prior to a colleague talking to me about buying a day trading robot. I listened attentively though it had an odd name. {I was still terribly embarrassed by my previous investing failures and I was hoping to redeem myself in the eyes of my wife.|I was still feeling burned by my prior failures and did not need to further embarass myself.}
“But I don’t want any get rich quick schemes,” I told my friend.
He assured me that a day trading robot was a proven method that had made savvy investors tens of millions of dollars over the past few years. I queried him to continue and he said that the robot is simply software that assists investors to identify great deals in the market.
“Day trading,” he said, “can be a risky venture, and even the best need tools to help them avoid risk and take advantage of good deals.” He went on to explain that day trading was not, in fact, about making a million dollars in a single day, that only happened in the movies. Rather, it was about making small profits dozens of times a day that added up to a solid, steady supplemental paycheck. And this, he told me, is the usefulness of a day trading robot.
The most helpful thing that day trading robot software can do is to help take emotion out of the equation. Often, both new and experienced day traders get too invested emotionally in a stock, and can’t admit when they are wrong. Consequently, they hang on to it for far too long and end up losing money. But the robot software does little more than recommend stocks that are trading for discounts to the market and tells you when to move in an out of them.
After a few more conversations with my friend, I decided to give a day trading robot a try. I purchased one online and started out slowly. And after a few missteps, I gradually started to wrack up daily profits. And now my wife no longer makes me sleep on the couch, because in under a month our portfolio has increased almost ten percent. I owe it all to my day trading robot.