The Salmon or Something like that.
$VinFast Auto(VFS.US$ I'm not a professional trader, I still struggle with my emotions and decision making. I saw this one yesterday and even my spreadsheet besides the chart showed me that it had a 70%+ of bouncing with a very good risk\reward ratio and I decided to go somewhere else (because the volume didn't convinced me) that is red right now and about to hit my Stop Loss lol. Well, lesson well learned.
This one is like the salmon swimming upstream that the bear can't catch hehe ok, I'm done sharing for today lol
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Clifford MacDougall : thanks for sharing and your honesty.. ive been following ffie for long time, trading in and out over months.. but keep entering too late and losing $$ or not letting profits run. said after yesterday close, its no brainer, ffie has dropped fast and due for rally... by morning i lost my planning/process and got distracted on other stocks i knew nothing about... same old... watched ffie rally hard at opening and did nothing. froze. fomo kicked in and tried 3 times chasing to catch it.. all bad entries... lost $$ again.. its hard.. i struggle with the discipline and patience.. i struggle with making easy decisions.. seem to be looking for the something that isnt there.. very humbling
thanks again for sharing willy. cliff
Willy 5150OP Clifford MacDougall: Trust me, a lot of experienced traders do this. Greed & Fear are very hard to control with Fear being the hardest emotion anyone can tame. I tell you how I started trading; I started trading with only one thing on my mind "make a lot of money"....BIG MISTAKE and every newbie does it. 3 things you must learn to make money in the markets; 1) PROTECT YOUR MONEY...2) Control your emotions (trading psychology hardest part)...3) Learn to take a loss or accept that you're wrong (is part of trading).
Could be that if you've been having bad trades, you might be revenge trading which I used to do. One thing I do during weekends is I look for 5 potential stocks approaching or around support and by Monday I place my buy orders at the support level I'm comfortable with and I go back to sleep because I don't want my emotions to get in the way if I'm looking at the price. If my order gets filled I start placing my SLO, if I don't oh well, at least I didn't chase it. If I take a loss, I make sure it's a loss I can make back between 1 - 3 days. Buy books about trading psychology, that will help you a lot. Cheers brother.
Clifford MacDougall Willy 5150OP: Thank you!! Appreciated... will heed your advise. Cheers.