The biggest mistake I've made was to watch the stock movement closely; my emotions was affected by it, especially when it dropped too fast! I tend to put in more money to try to average my cost down ! after I bought them, the stock price dropped furtherand I bought more until I have no more fund in my usd margin account! this is bad It is definitely the wrong way of stock trading. Proper stock trading is to be guided by trading tools we have; we need to be aware of stock is on uptrend or downtrend, couple with analysis using mcd/mcdx, bbd, trend ladders n if stock is on up or down trend. If we are investing in a good stock we plan to keep it for long or mid-term, our emotion should not be affected by the stock movement. We should follow the plan (plan inclusdes how much fund we will put to trade) we have in place, how much to enter to Buy and how much to sell . If we like to do a short term trade when good stock retrace, we should buy at price the analysis at that points, and once we get to Buy, we should immediately put to sell at price we analyzed to sell.
Though I am a new learner, I hope the mistakes I have made in this sharing, helps those who tend to be affected by emtions when trade. Wishing all mooers, merry xmas n a strong n successful 2022
Though I am a new learner, I hope the mistakes I have made in this sharing, helps those who tend to be affected by emtions when trade. Wishing all mooers, merry xmas n a strong n successful 2022
$Sea (SE.US)$ from the current trend of Sea Ltd, my prediction is, it is a good stock but probably price is already on the high side; i reckon next week, there might be a stock turn, market price either go up or down; i plan to enter at that time, in hope to buy at lower than current price for Sea Ltd; if next week's price goes up instead, i will have to monitor and enter a price i target to get, then hold it for mid to long term
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From the current trend, i see that Sea Ltd has potential to grow, maybe like other e-commerce retail platform; however, my prediction is next week market may have a stock turn, and market price might drop or up; if drop, i plan to enter at 3.07; however, if stock turn outcome is uptrend, i may have to buy it at a higher price and hold it for long term
$Tai Sin Electric (500.SG)$ i bought tai sin electric for long time; i love it as the stock price is not as volatile as most stock, and the dividend for year 2021 is attractive, at 6%👏👏👏👏
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