Lost the Girl and House Deposit - where to from here??, page-7

I think most people take a big hit at some point early in their trading/investing careers. Really there are two ways you can go, you can walk away from the market or you can take the lesson and develop some sort of plan that will create consistent profits and also manage your risk.

IMO people who "invest long term" in the speculative end of the market are mostly going to be losers in the long run. There are a few smarties who can identify the tiny few stocks that actually go on to have a future but in reality, the bottom end is a zero sum game and unless you treat it as such, you're bound to lose over the longer term.

I take it you're young(given you're still saving for a house) so it's not a bad thing that you've had a hard lesson, you have plenty of time to recover and rebuild. So my suggestion is, don't give up, the market is a tough place to make money but it is possible and if you take the time to learn as you go on, you'll eventually find a place in it where you can be profitable.

There is one thing that pretty much all successful traders/investors will tell you, risk management is the number 1 most important thing. Protect your capital at all costs, without it, you're out of the game.

Oh, last thought, ignore the rampers on HC/twitter, most of them are selling when they're telling everyone how good a stock is. Rely on your own judgement, no one elses.