Minor setbacks to develop through missteps.
![Minor setbacks to develop through missteps.](https://sgsnsimg.moomoo.com/sns_client_feed/101488205/20240508/1715098012109-random9140-101488205-android-compress.jpg/big?area=101&is_public=true)
As traders, we all have up and down days. But today, for me, is a down day as I succumbed to a gamblers mindset, risk-taking, reward-seeking, and cognitive biases. I bought Disney on impulse, hoping for a rebound just like Meta's, without giving any second thought or confirmation.
Nevertheless, It was a minor setback, but it was an important reminder for myself to always follow a set of requirements before buying any stock. These sets of requirements are golden rules that bring me back all the way to the basics of trading:
1. Buy below intrinsic value
2. Buy near support level
3. Diversify your portfolio
2. Buy near support level
3. Diversify your portfolio
It is indeed a valuable experience to learn from today and should not be repeated again.
Any comments or insights for improvement would be appreciated.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
下一个十年的雷熊 : It's better to open a position after a sharp decline than before performance![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
I Am 102927471 : Price fall too far below MA20, what unexpected change. Did you bought before Regular Trading Hours?