Where does your confidence in holding stocks come from?
After buying stocks, when losses occur, how long can you tolerate unrealized losses? Personally, I think this mostly depends on your confidence in holding the stocks. There are several sources of confidence, such as:
1. Understanding the fundamentals of stocks
2. Inferring from technical analysis
3. Or continue to hold due to friends around holding
4. Heard that the stock price can triple
5. The stock analyst's bullish rating on this stock, and they generally do not make mistakes
6. Due to recommendations from financial bloggers
7. Personal intuition judgment, company's performance is very good, and will soon break out
etc...
Which type of stocks you hold with confidence will definitely influence you. Furthermore, the sources of this confidence also affect whether we can make correct and rational judgments on investment stocks, thereby rationally selecting symbols and having rational profit-taking and stop-loss strategies. I believe that some of these so-called sources of confidence can be referenced, while others require thought and should not be blindly followed. In order to avoid blind following, one must improve their ability to judge the market. There are many ways to improve, such as self-study and finding a mentor suitable for your own following. Because I have always been interested in technical analysis of stocks, I choose to increase my confidence in holding stocks through technical analysis. Nearly a year ago, I was fortunate enough to learn pure technical analysis methods from the Wolf King Financial Blogger in a video tutorial, and I have benefited greatly. Of course, everyone has different perspectives on analysis. If you also like technical analysis, you can try watching his videos and gain insightful knowledge. Finding methods to boost confidence can minimize losses as much as possible, while also knowing how to deal with paper losses and avoid panic selling at the floor price or chasing highs. This is what I have learned from following a mentor recently. I hope you can also have sufficient confidence in stock trading!
1. Understanding the fundamentals of stocks
2. Inferring from technical analysis
3. Or continue to hold due to friends around holding
4. Heard that the stock price can triple
5. The stock analyst's bullish rating on this stock, and they generally do not make mistakes
6. Due to recommendations from financial bloggers
7. Personal intuition judgment, company's performance is very good, and will soon break out
etc...
Which type of stocks you hold with confidence will definitely influence you. Furthermore, the sources of this confidence also affect whether we can make correct and rational judgments on investment stocks, thereby rationally selecting symbols and having rational profit-taking and stop-loss strategies. I believe that some of these so-called sources of confidence can be referenced, while others require thought and should not be blindly followed. In order to avoid blind following, one must improve their ability to judge the market. There are many ways to improve, such as self-study and finding a mentor suitable for your own following. Because I have always been interested in technical analysis of stocks, I choose to increase my confidence in holding stocks through technical analysis. Nearly a year ago, I was fortunate enough to learn pure technical analysis methods from the Wolf King Financial Blogger in a video tutorial, and I have benefited greatly. Of course, everyone has different perspectives on analysis. If you also like technical analysis, you can try watching his videos and gain insightful knowledge. Finding methods to boost confidence can minimize losses as much as possible, while also knowing how to deal with paper losses and avoid panic selling at the floor price or chasing highs. This is what I have learned from following a mentor recently. I hope you can also have sufficient confidence in stock trading!
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