Trading Mistake
Biggest Mistake - Emotional Trading
We as a human is a creature full of emotions. Whatever we do, we cant separate the word emotion from us (be it trading, work, office politics, relationship) You will be successful If you are able to master the technique on handling your emotion.
Made a lot of mistakes when i first started investing. Buy when in green ( fear of missing out), sell when i see red ( panic selling) and if there is a bad news. All depend on speculation and emotion. There was no strategy and trading purely with emotion and incurred huge losses.
Things only started to improve when i pick up more knowledge about investment. If you research about the company you plan to invest, you will feel more confident about holding their stock and you will realise lesser emotional trading will be involved.Therefore, always do your due diligence!
Dont expect to invest and hoping to get rich overnight!
Cheers!
Moomoo to the moon
@101792558 Join this event!
We as a human is a creature full of emotions. Whatever we do, we cant separate the word emotion from us (be it trading, work, office politics, relationship) You will be successful If you are able to master the technique on handling your emotion.
Made a lot of mistakes when i first started investing. Buy when in green ( fear of missing out), sell when i see red ( panic selling) and if there is a bad news. All depend on speculation and emotion. There was no strategy and trading purely with emotion and incurred huge losses.
Things only started to improve when i pick up more knowledge about investment. If you research about the company you plan to invest, you will feel more confident about holding their stock and you will realise lesser emotional trading will be involved.Therefore, always do your due diligence!
Dont expect to invest and hoping to get rich overnight!
Cheers!
Moomoo to the moon
@101792558 Join this event!
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