When You Buy High…
Getting started with investing is always exciting because it is fresh and new. If your strategy is to invest, keep holding and exercise patience.
If you are trying to trade (which is different) you absolutely must have a strategy and a plan. If your strategy does not include looking at historical performance of the asset and zooming out for a higher time frame reference, you’re gonna have a bad time.
Patience is key beyond just holding, but also *waiting* for ideal entries. If you day trade you will obviously need to plan your entries and exits for the session.
”If you fail to plan, that is a plan to fail.”
Really nothing more to it.
I am personally not a fan of lagging indicators and prefer price action and working off auction market theory to plan my entries and exits.
This all in mind, there is one rule to the game above all else: Protect Your Capital. Let winning positions run for as long as possible, and cut losers as quickly as you can. If you see the market is moving against you, hope is your worst enemy.
$National Instruments (NATI.US)$
If you are trying to trade (which is different) you absolutely must have a strategy and a plan. If your strategy does not include looking at historical performance of the asset and zooming out for a higher time frame reference, you’re gonna have a bad time.
Patience is key beyond just holding, but also *waiting* for ideal entries. If you day trade you will obviously need to plan your entries and exits for the session.
”If you fail to plan, that is a plan to fail.”
Really nothing more to it.
I am personally not a fan of lagging indicators and prefer price action and working off auction market theory to plan my entries and exits.
This all in mind, there is one rule to the game above all else: Protect Your Capital. Let winning positions run for as long as possible, and cut losers as quickly as you can. If you see the market is moving against you, hope is your worst enemy.
$National Instruments (NATI.US)$
I got in a little high with this one, but not too bad. $39.71, but it fits my strategy with equities. This one pays dividends and I like that, price can fluctuate a bit and I am set because my exposure is also limited. With assets that don’t pay dividends that I trade on vs. hold I am taking more time to plan my entries and when to sell.
Patience and knowing how to read a chart (how the pattern emerges) is my edge.
Cut losers quickly, let winners run.
Patience and knowing how to read a chart (how the pattern emerges) is my edge.
Cut losers quickly, let winners run.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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