I read an article in today’s Sunday Times by Goh Eng Yeow on how to sniff out good stocks to invest in. However, I am not going to blog about sniffing out potential winners in the stock market. I am going to blog about something that’s probably less exciting: the day trader who wrote to him saying how he lost a big fortune in the stock market last year.

With mounting bills, and zero financial reserve left, and no job, the current state of mind is like losing a wing man in Tom Cruise’s Top Gun. Every day is a challenge mentally and physically to put food on the table…

I know of friends who have lost big time in the stock market. Personally, I lost a six figure sum in the stock market before as well. It was definitely a nightmare and no one should have to suffer …