$UP Fintech (TIGR.US)$ Many brothers have unwound their posi...
$UP Fintech (TIGR.US)$ Many brothers have unwound today, including myself, but I haven't sold. Instead, I set a stop-loss point to continue holding.
Because I've been trapped for so many years, I understand the fear of wanting to run away, which is normal, but this kind of mentality basically doesn't make money.
I don't know about everyone else's situation, but for me, 2021 was an easy year to make money in the stock market (I had no research at all, that was a super bull market, whatever you bought was going up). That was also my first time playing stocks. I held $0.05 million and made some random purchases, easily making $0.04 million. I thought stocks were so easy to make money from. No sense of awe, didn't want to sell or set stop-loss points (very greedy, completely didn't consider the possibility of a big drop, because I was a beginner, felt that setting a stop-loss would lose $9,000, heartbreaking, a well-qualified leek haha).
Later, after being trapped, I continued to buy $0.02 million, resulting in a profit of $0.04 million turning into being trapped with over $0.05 million. These years, this trapped money cannot be moved (I really can't bear to cut losses...). But if you pay tuition fees, you naturally have to learn something, trading stocks cannot be blind, you need to have your own plans, goals, see where the opportunities are, where the trends are, don't go against the capital, be content with small gains, so the most important thing is self-discipline, because it is very contrary to human nature, once you get emotional, you're done, you must analyze rationally, set stop-loss when necessary, don't be reluctant to accept a 10% drop, you have to understand that you're only taking a 10% risk to gamble on a profit of 2-4 times, it's simply too cost-effective.
If it's going to fall later, just let it fall. What are you afraid of if you have a stop-loss point??? Makes no sense (unless there is a big crash in overnight trading that cannot be operated, haha, that's why I use Tiger to trade Tiger, who's to blame for moomoo not supporting overnight trading? So I have also taken this risk into consideration, not trading blindly.
Waiting for it to rebound during the decline and then not setting a stop-loss, being trapped for several years, waiting for the rebound and then running away immediately? The current trend is upward, when there is an opportunity to make money, you run away? When it reaches 20, 30, don't regret and slap yourself...
Hold, set a stop-loss point, expecting an uptrend next week.![]()
P.S.: There are always bears coming to criticize the bullish brothers, I don't think the stock market will keep going up all the time, it will definitely fall later, but I have set stop-loss points, afraid of falling?
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Babyfish : Thank you for your sharing and good suggestions.
Fundamentalist : Repeating 2021
熬夜考拉 : Why can I trade night session on moomoo?
萬軍無兵策天鳳 OP 熬夜考拉 : I mean moomoo software does not support night trading for this particular stock Tiger.