$UP Fintech (TIGR.US)$ Many brothers have unwound their posi...
$UP Fintech (TIGR.US)$ Many brothers managed to break free today, including myself, but I didn't sell, instead I set a stop loss point to continue holding.
Because I have been trapped for too many years, I understand the fear of wanting to run, it's normal, but this kind of mindset basically won't make money.
I don't know about everyone else's situation, but for me, 2021 was a year where it was easy to make money in the stock market (I didn't do any research as it was a super bullish market, everything I bought went up). That was also my first time playing stocks, stupidly holding onto 0.05 million US dollars and buying randomly. After easily earning 0.04 million US dollars, I thought, how come stocks are so easy to make money in? No sense of awe at all, nor willing to sell or set stop loss points (very greedy and didn't consider the possibility of a major drop, because I was a newbie, felt like setting a stop loss would mean losing $9,000, heartbreaking, a qualified newbie haha).
Later, even after being trapped, I continued to buy 0.02 million US dollars, resulting in a shift from a profit of 0.04 million to being trapped with over 0.05 million. These trapped funds have been stagnant for the past few years (I really can't bear to cut loss...). But after paying tuition, you naturally have to learn something, trading stocks cannot be blind, you need to have your own plans, goals, identify opportunities, trends, not go against the capital, be content with profits, so the most important thing is self-discipline, because it's very counterintuitive, if you get too excited, it's over, you must analyze rationally, set stop losses when needed, don't feel sad about a 10% loss, remember you are only taking a 10% risk to aim for a profit of 2-4 times, incredibly cost-effective.
If it's going to drop later, just let it drop. What are you afraid of with a stop loss?? It's inexplicable (unless unable to operate in a big night market crash, haha, that's why I use Tiger to trade Tiger, who doesn't support night trading? So I have also considered this risk, not blindly trading).
Waiting for a rebound in a downturn and then not setting a stop loss, being trapped for several years, immediately running when it rebounds? Now the major trend is up, giving you a chance to make money but you run away? When it reaches 20, 30, don't regret not seizing the opportunity...
Hold, set stop loss points, bullish for next week![]()
PS: There are always bears ready 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.