There will be little chance of a significant decline before October 10th, and if there is, it is an opportunity to establish a position.
Randomly short selling Tesla will cost you! Short selling without technical basis and chain support. Just because it goes up, you want to short sell?
We need to have contingency plans and response measures, let's avoid mere talk.
A decline is an opportunity, being enthusiastic about arbitrage in short-term trends and loving rising markets while hating falling ones or pursuing both long and short positions is doomed to lack outstanding achievements.
Before October 10, consider increasing positions below 249.600, range 249.600-242.000: planned and systematic, gradual and phased, discrete random variables, start positioning the fund layout.
B. Breaking below 202.130 triggers the deep drop and repurchase fund bottoming system, in the range of 202.130-182.000: planned and systematic, in gradients and in batches, discrete random variables, initiating the establishment of a protective fund position layout.
Locking in the main trend of the investment target and conducting medium to long-term value investment is the key and fundamental to winning.
新手应该了解日内交易的哪些残酷事实?
以下是我注意到的大多数亏钱的人(包括我自己)所做的几件事,这些事大大Reduces their chances of success.
Do not:
Do not think you will "get rich quick":
Trading/investing is completely different from what you see in "The Wolf of Wall Street". You won't be making trades on a yacht with supermodels while sipping champagne. Instead, you'll be sitting in front of a desk for 8 hours looking at charts until the market closes. After the market closes, you'll continue to browse charts until the effects of adrenaline/caffeine wear off, and you find yourself watching weird parts on YouTube.
Speaking of YouTube, do not believe anyone claiming to turn $500 into $500,000 within a year, claiming to make $60,000 in a day, selling trading courses promising continuous returns, or claiming they only work 1 hour a day YouTubers. This is simply not true, just a marketing strategy. If any of these claims were even slightly true, they would be on TV every day without bothering with YouTube. I have searched, but have not found any verified account summaries of individuals making such exaggerated claims. However, there is a lot of high-quality content on YouTube, just be skeptical of certain content.
Buying low-priced stocks:
The U.S. Securities and Exchange Commission defines penny stocks as small companies with a per-share trading price below $5.
However, many people have different standards for penny stocks. Some say below $3, some say below $1, and others (like me) say it depends on the market cap, not the per-share price.
In any case, low stock price stocks are usually newly established companies that have little value, are speculative, have no profits, and are on the brink of bankruptcy.
Low stock price stocks are traded in the otc market, which is far less regulated than the New York Stock Exchange or nasdaq; this may lead to many unethical practices.
Unless you have rich trading experience, the best practice is to always stay away from any poor-quality companies.
Get advice from random message boards:
Anyone who posts 'hot stock' messages all day on message boards is not someone you want to trust. They usually try to 'pump' stocks by spreading rumors that 'they know something', encouraging people to buy and thus raise the stock price.
The people chatting on message boards are often novices. When I spent months carefully browsing through Yahoo message boards and added the 'smartest' 200 people to a Facebook group, I quickly realized most of the time they didn't know what they were talking about. I no longer interact with them; but occasionally I check what they are discussing, usually about low stock prices from years ago that they are still waiting to 'take off'.
Gambling:
There is a common misconception that the stock market is just gambling. However, if you manage risk well, do your research, stick to a plan, understand the risk/reward ratio before trading, then your chances of winning are much higher than with slot machines.
Involve friends/family:
As Biggie Smalls once said, 'Money and blood can't mix.'
If friends haven't invested their own money, don't listen to their stock advice.
Don't give advice about stocks you like to friends/family, because if it doesn't work out, you'll never hear the end of it.
Don't trade on behalf of friends, even if you can make money for them, there are many legal issues that could put you at risk.
Don't put your grandmother's life savings at risk.
Listen to the Talking Heads' viewpoint:
Just because someone appears on CNBC doesn't mean they know what they're talking about. A study by the CXO Advisory Group found that over the past 8 years, the 'gurus' only have an average accuracy of 47%. That's lower than pure randomness!
Even CNBC's financial channel's most famous 'guru' Jim Cramer has an accuracy rate of only 47%, and even advised people to buy Bear Stearns stocks on television days before its price plummeted from $70 to $2.
Only use money that you can afford to lose:
Even if you are the best trader/investor in the world, there are risks in the stock market.
Fear of missing out (FOMO):
Fear of missing out - also known as 'chasing,' is when you see a stock soaring and buy it, hoping the price will continue to rise.
This was one of the main reasons why I initially incurred losses, and sometimes I still encounter this issue.
Against the market:
Admitting you are wrong can be difficult for many people, and that’s understandable. However, in the long run, the market is always right. If you try to go against the market with less than trillions of dollars, you will fail miserably.
I struggled with this for a long time; when I was in a losing trade, I wouldn't stop the loss and exit, but I would increase my bet multiple times until I lost a large amount of money.
If you want to have 1 million USD in your brokerage account and arrogantly think you are smarter than the market, the only way is to deposit 2 million USD into your brokerage account.
Believing that technical analysis is all you need:
If a stock has major news, the technical aspect is not worth paying attention to, so please always focus on the headlines.
Losing control of emotions:
When trading, you will experience various emotions, which is understandable. However, losing control of your emotions can lead to making irrational decisions; this will make you lose a lot of money.
Viewing trading as a numbers game, not a money game. People work hard to earn money, leading to an emotional dependence on money. When people lose what they emotionally depend on, their thought process becomes chaotic, and they cannot think logically; leading them to make decisions that worsen the situation. (This reminds me of my ex...)
"Investors tend to sell profitable investments while holding on to losing investments" (Calvert).
I believe what I have told you is enough.
There are too many factors involved in the stock market, and no one knows everything. What I am sharing with you here is just to help you get started and provide you with some tips to guide you in the right direction.
After reading this article, please do not immediately deposit your life savings into a brokerage account.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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