Friday, February 8, 2008

Getting Experience Is Not Free

Lately, one of my friend was scammed through ebay. He loss a good sum of money. During the intial stage of the process, everything went pretty smoothly. He trusted this seller.

After he sent his money over via Western Union (never ever transfer money to strangers via Western Union - you can't get a refund back), everything went pear shape. The seller confirmed that he sent it and when my friend asked him for a tracking number he told my friend to wait for 10 mins while so he can contact his boss in africa to give him the details.

Well, 1 hour had passed and no tracking number. He then argued with my friend because he said that he didn't trust him. Finally, he said he going to send it by DHL but he has to pay extra shipping cost.

Seems like every time he talks to this guy, he tries to milk more money of my friend.

Now, my friend is really pissed off. He got the phone number of this guy and wants to hunt him down if his legit.

All he can really do is to wait to see if the package arrives or learn from his mistakes.

Just think of it as tuition fee for your experience. This is what Jesse Livermore, the greatest stock trader ever lived said,

"The loss of the money didn't bother me. Whenever I have lost money in the stock market I have always considered that I have learned something; that if I have lost money I have gained experience, so that the money really went for a tuition fee. A man has to have experience and he has to pay for it."