Lesson # 2: Buying Shares

Huwag habulin ang presyo ng stock. Huwag magpadala sa sulsol ng mga hypers o sa tsismis. Maraming nalulugi sa ganiyang istilo ng trading, at unang-una na ako. Sa 181k na capital, 76k na ang total loss after a year of trading. Masyadong mahal naman yata ang ganiyang tuition fee bago matuto magtrade. 

The key is patience. Find a stock that is despised, and then wait. This is a better way than running after a climbing price.  

Trading Lesson # 1: Buying and Selling Your Shares

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.