Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Co-Wise: How do you improve your trading mindset over time?
Views 227K Contents 519

Risk is uncertainty that matters but I'm not that vulnerable

I started trading in my early twenties because surprise, surprise, my Chinese educated mom who only has a secondary school education is trading shares online! I made many mistakes at the beginning. Things like naked shorting, accidentally buying when I meant to sell, selling the same stock twice due to carelessness.

Then I went on to a stage of not caring about my stocks to the point that I have even forgotten buying them until I held the share certificate in my hand. My money turned into a useless piece of paper.

Somehow, all these heartstopping errors have steeled my heart. I was barely phased when covid plunged my portfolio deep into the reds. Because by then, I have kept a good records of my trading. I know my stocks and I know they will recover. I'm not buying stocks on borrowed money. I have observed the markets and the stocks that I'm vested in to know their patterns and trends.

Uncertainty increase risk but uncertainty also implies that there is possibility of a good outcome. You just got to be familiar with your own risk appetite, get enough information to reduce the uncertainty and always plan ahead with targets in mind. That will reduce unnecessary anxiety and make trading more of am exciting and fun affair rather than a nail bitting roller coaster ride.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
4
1
+0
2
Translate
Report
12K Views
Comment
Sign in to post a comment
4Followers
21Following
13Visitors
Follow