I'm a college student trying to find ways to pay for my school expenses.While I was working at Burger King last semester, I had an extra $100 in my account and I didn't know what to do with it. As I was looking for ways to invest, one of my friends told me about "Robinhood" and how he was making thousands of dollars trading stocks. I kind of doubted him because I didn't think it was legal. I did some research and found out it was. I was happy. No, I was euphoric, thrilled, jubilant! I had already watched some Youtube videos about some guys becoming millionaires trading penny stocks and I was very optimistic. I could finally take my girlfriend out to the movies, buy my mom some nice things, help my dad out by taking care of my siblings. So many dreams man!
I opened a Robinhood account, got approved 2 days later, and as you already guessed, I lost my money. Trading was way more difficult than I thought. I realized that there isn't easy money. People that succeeded in it didn't just wake up and found money in their account, they put on hard work and effort. I was really discouraged by the loss but I didn't give up. Every day I kept learning. I lost a lot of money and maxed out my credit card more times that I can count, but I felt better every day because I learned every day. Yes, I made some gains down the road but nothing really meaningful. I finally made some good gains recently, and I can't write how good it felt to see some good green on my portfolio. It was delightful and I think it felt that great because of how hard the learning process was.
<<The same way you only lose when you sell in trading, you only fail when you give up in life. Being broke is temporary but being poor is a mentality.>>
I'm writing this to myself, so I can read this the when I succeed and remember how hard it was. Maybe I can encourage reading this too.
(Hello future "Me", remember "Me"? Yeah, it's the broke college student "You". LOL)
Peace
JoTheSteemer