Today's review focuses on: pressure
First of all, do you still remember the continuous decline from yesterday? Many negative emotions and thoughts may have come to mind. The most common question in the comments section yesterday was whether to stop loss. However, my Moo friends who pay attention all know that my response is always: If you feel pressure, you should stop loss; if not, you can wait. And I provide hints whether I have positions or not, so that you can think for yourselves. (I want to tell you that if you feel pressure, you shouldn't buy because you're not ready. So when you encounter unknown situations, you keep trying to find excuses for yourself, which is actually meaningless.)
So how to avoid this pressure? Let me share my own logic: Fear comes from the unknown of things.。
What does this sentence mean? Fans of Moo should all know that I often say to you: in Options Trading, if I lack confidence, I will set a stop loss at 1%. If I am confident, I basically trade without a stop loss, even if the loss exceeds 50%. This stems from the recognition of my professionalism and stock selection, bringing confidence, so I have no fear. After all, I have been active in the market for 11 years, so I have seen almost every situation, that's why you see me comfortable despite losses.
Finally, based on the two arguments above, if you have been following my posts yesterday, you would have noticed that I have been adding some Options of TSLA against the market trend, and the options I fell asleep on the day before yesterday didn't take profit at 50%, until yesterday in the end...