Risk management and stop loss
Nothing earth shaking or sophisticated, not able to manage risk and put stop loss to trades are by far biggest mistakes for me.
This year, the Chinese theme stocks were just super volatile.
This year, the Chinese theme stocks were just super volatile.
Just to name a few. On a particular counter, I decided to average down instead of sticking to my trading plan to cut loss when the price dropped. Holding to the believe, the storm will be over soon and it will rebound soon. That was in May and the stock just keep forming lower low and breaking new lows ![]()
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It is now a long term investment.
Since then, I always make sure I have stop loss for each trade and not to take on extra risks.
It is now a long term investment.
Since then, I always make sure I have stop loss for each trade and not to take on extra risks.
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Evelynne : Take appropriate risks, but stop loss in time is very important
IcySilver OP Evelynne : Can’t agree enough