Sa takot mong maiwan, you buy up your chosen stock only to see later that your original bid was correct. This is the problem in buying. Greed is the primary emotional barrier.
Sa kabilang banda naman, sa takot mong lumaki pa ang loss, you cut prematurely only to see later that your original exit plan was correct. This is the problem in selling.
Lesson # 1: Buy when you and traders around you are in panic. Be patient and throw your emotion. Sell when you and traders around you are euphoric.
If you cannot do this, stop trading. The field is not for you. If you continue being controlled by your emotion, it is the certain way to ruin your savings and your capital.
I think this is the reason why they say that the strongest enemy of the trader is himself. It is not market, neither bashers nor the hypers, but yourself.
If you cannot do this, stop trading. The field is not for you. If you continue being controlled by your emotion, it is the certain way to ruin your savings and your capital.
I think this is the reason why they say that the strongest enemy of the trader is himself. It is not market, neither bashers nor the hypers, but yourself.
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