Elias Chen commented on a stock · Mar 28, 2024 17:58

Pre-market analysis of Tesla charts.

Like to make predictions, like to give advice, but suffer from anxiety and indecisiveness. Favor rising markets and dislike falling ones, only aiming for so-called quick and big profits, adding flowers on brocade. Not understanding that the speculative speculation of sending charcoal in the snow will only end up in disaster:

When you are close to breaking even, the rebound comes to an abrupt end;

When you take profit and exit, dark horses emerge unexpectedly;

When you are self-satisfied, the air raid arrives as scheduled;

When you are penniless, good opportunities are everywhere;

When you fully open a long position at the bottom, the decline is just beginning.

Very simple, very easy, essential, but many are not aware, and fall into the wrong path.

In order to accomplish something or achieve a career, the most important prerequisite is to seek truth pragmatically. Seeking truth is having an objective and clear understanding of the environment and key factors of the matter, while being pragmatic means seizing simple opportunities with a high probability of success based on one's own abilities.

Investment trading is also the same, it must be realistic, based on an objective understanding of the market and one's own abilities, to eliminate illusory habits and fixed wrong thinking. First manage risks, then prudently seize simple opportunities.

Your outdated fundamental and technical analysis, if you can do it others can too, with no advantage to speak of. Besides, technical analysis is not quantitative analysis at the function level, how could you win?

When establishing positions, always occupy the track with the lowest energy first. Once the low-energy track is filled, then move to the high-energy track, in order to minimize the overall holding cost.