I am grateful that I managed to purchased vtl bus ticket for my wife and myself to back hometown this CNY and it has been 2 years didn't go back due to covid. Also, my wife is going to deliver little princess soon on Mar, I guess I'll be busy afterward.
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I am not afraid if the company eg Apple is doing great, can dollar cost averaging if bought earlier. And today should be very low point already but well, if it drop further then I'll add more position on it.
Order
I am not afraid if the company eg Apple is doing great, can dollar cost averaging if bought earlier. And today should be very low point already but well, if it drop further then I'll add more position on it.
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There are news update everyday and majority of us are reading news as well. Personally, I do read the news as this to see what is the current trend. However, I don't trade the news due to the uncertainty of reliability and it is self decision whether you trust the news or not. Often I will gather more news to conclude the situation.
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Well, we all don't like to admit that we lose money simply because we still think it has the chance to rocket back. In fact, we must admit our mistake so it won't happen again. Financially, I will stop trade that stock and move to ETF eg VTI or SCHD, which easier for non professional trader. Emotionally, sure will sad due to lose money, need some time to recover and fight another day.
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I bought some Apple yesterday~ reason was majority stocks drop yesterday and Apple won't drop below 168. Also, RSI indicator is low (around 30) on Nasqad, for sure there will be a rebound in next few days. Go Go Apple!
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How do you improve your trading mindset over time? As a beginner, we always wish to buy at lowest point and the stock jump up in the next few days, which is not realistic. Since we are not expert as others, we should forget short term profit and stick to long term more profit. Invest in good companies like Apple, Microsoft or ETF like VTI will never get wrong, plus they pay dividend