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Musk's $56B pay package vote approved: Can it drive TSLA further?
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Stoic Trader : That’s happen when you don’t have any plan and system to know when enter when exit and taking big risk without knowing what’s happening around , take it easy loss happens , no way to be strong, once upon a time I was like you not this ticker , you might be recover or not only time will tell , be careful next tkme have meticulous entry and exit ( percentage gain or loss) plan
Stoic Trader : This trade will teach you how to lose small money just don’t give up keep moving , fail forward ,it’s better to lose earlier like you and me then after quick luck successes
Brad777 OP Stoic Trader : Thank you for your advice. I understand the importance of a solid plan and will be more meticulous with my entry and exit strategies. This loss is a valuable lesson. I'll keep moving forward, learning from each mistake. Early losses build a stronger foundation for future success. I appreciate your support.
Stoic Trader Brad777 OP : There is almost buy signal for uptrend in 5 year zoom out price may jump exponentially after weeks or some month there is probability of recovering just be careful in any trade never rely on hope there will be always profitable stocks to trade
Brad777 OP Stoic Trader : Thanks for the insight. I'll watch for the buy signal and potential uptrend in the 5-year zoom out. While recovery is possible, I'll remain cautious and avoid relying on hope. There are always profitable stocks to trade. Your advice is appreciated!
Stoic Trader : Also never fall in love with any company or their products unless you nail buying before 1000% plus surge , trying to become consistently profitable do not follow any hot picks to solve money problem getting skill set is key to long lasting profitable journey in stock trading there is no guarantee in any business over long term
Brad777 OP Stoic Trader : Your advice is valuable. I'll avoid emotional attachment to companies and products, focusing instead on timely entries before significant surges. Consistent profitability requires skill development rather than chasing hot picks. I understand there are no guarantees in business, especially in stock trading. To improve my skills, I'll prioritize learning through research, analysis, and possibly seeking mentorship to build a robust foundation for long-term success. Thanks for emphasizing the importance of a sustainable approach.
Stoic Trader : Awesome, take a break I took almost year plus few years back on bearing loss like you back again there is no going back but growth
Jaguar8 : One: Don’t Chase Highs;
Two: Learn scaling in and scaling out;
Third: Don’t enter near resistance. Choose support;
Fourth: Do not hope for the moon. Set a profit target like 10-20% and roll it over. You will be amazed by its compounding effect.
Fifth: Do not listen to chatters or hypes without catalyst. Either they are bagholding, shorts, or just plain newbies.
Sixth: Not all good news flies. It all depends on market sentiment, shorts, CTB, SI, and basic indicators
Brad777 OP : Thank you, guys, for the insights provided today. I'm really grateful and happy to have learned from your advice.
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