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July P/L Challenge: Which GIF best describes your trading journey?
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Aaron Invests (AI) joined discussion · 9 hours ago

All hopes and dreams got crushed!

All hopes and dreams got crushed!
Hi all! All I could say in one phrase. All hopes and dreams just got crushed.
All hopes and dreams got crushed!
In the beginning of July month, I was so excited that I am finally able to beat the market hoping I am able to reach the road to financial freedom .
Then during the Trump assassination attempt, Biden stepping down, all this political uncertainty had made me crushed all my dreams.
All hopes and dreams got crushed!
All hopes and dreams got crushed!
All red for the past 10 days
However, all is not loss here are some of my lessons on what to do the next time I were to trade.
1. Create a stop 🛑 loss
The problem with me being a long term investor is that I don't know how to stop loss. All I can think of is stonks only goes up.
2. Top up more cash and buy the dip. Sell if your indicators tell you there is a peak
All I could say is I had seen the peak several times but did not take the profits at a loss kind of think. If you know what I mean. Got too greedy and decided to wait longer until all goes up.
3. Do not be overconfident with the fundamental.
$Celsius Holdings(CELH.US)$ is a great fundamental with hypergrowth story. Unfortunately I had caught myself in the fundamental bias and did not take profit going greedy trying to the 80 and 90. To the Moon . Next time take your 1% profit. A profit is a profit.
Overall: I'm not giving up I will be adjusting myself and do more self care to cope with the losses.
I will reflect back on my fundamentals again on how I made my $Qualcomm(QCOM.US)$ double.
Hope you are well to those who are in the loss. Don't give up you are able to reach your goals one day.
🎁 100 points: for all mooers of on-topic posts with 10+ comments (yours don't count)
Thanks to @Caymen Lee @Capoo @CasualInvestor @Daniel Jeya Raman @George Soros II @HardPrayer @Invest With Cici @Jonathan Trey Dallas @LLLLL- @Nzm Nhr @steady Pom pipi @ToTheGalaxy @Tonyco @The Warlock @takia @WealthGen @Viper SRT your post and your chats are encouraging me to stay on in the market.
Those who are inspired and encouraged not to give up please like and comment.
I want some points
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Aaron Invests (AI)
Casual social trader and investor. Love to read charts for trade and love to read financial report to invest.
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