QUOTE(Duckies @ Jan 10 2021, 11:54 AM)
Great sharing from everyone here especially on the emotions part. I myself is not good at controlling my own emotion. I believe I am a long term investor on FA but when I see the counter that I am inside is dropping it makes me anxious. It makes me doubt my choices and analysis.
I am still learning to control my emotions and block all the noises. Also trying to not check it too often as seeing it goes up and down affects me as well.
One example is INARI I got into recently. I got into it when it broke over resistance at 2.7 but recently it drops a bit lower at 2.62. It didn't drop much but it makes me doubt my choices despite I did my homework. Should I waited then and get it lower? But all the signs were there, it broke over resistance so given another chance would I wait or I'll still made the same decision? Did I do my homework incorrectly? Did I miss out something?
Another tough thing to control is those tips/news/influences. Many friends or Whatsapp groups share different counters which says "rocket" up. This FOMO feeling always put me in a dilemma situation. What if I didn't ride the boat and miss the ride? That's an easy profit. Oh no but I am a long term FA investor, I shouldn't do this kind of trading. Oh no but it's an easy profit. How? How??
Then the devil in my mind speaks to me. Now is a good period to earn from stock market, why put few months to earn less when you can go into those "rocket" counters and earn more and earn faster? The angel says these "rocket" counters are risky and most people would lost their money. Earn less rather than lose money. Tsk tsk tsk. How? How??
I guess that's part of the game. I do fake trading some times like picking a good counter and look at the TA. Then I pretend if I am getting into it and then come back and see the price later to see if I am making the correct decision.
what you say doesn't tally. You are not behaving like an investor. I am still learning to control my emotions and block all the noises. Also trying to not check it too often as seeing it goes up and down affects me as well.
One example is INARI I got into recently. I got into it when it broke over resistance at 2.7 but recently it drops a bit lower at 2.62. It didn't drop much but it makes me doubt my choices despite I did my homework. Should I waited then and get it lower? But all the signs were there, it broke over resistance so given another chance would I wait or I'll still made the same decision? Did I do my homework incorrectly? Did I miss out something?
Another tough thing to control is those tips/news/influences. Many friends or Whatsapp groups share different counters which says "rocket" up. This FOMO feeling always put me in a dilemma situation. What if I didn't ride the boat and miss the ride? That's an easy profit. Oh no but I am a long term FA investor, I shouldn't do this kind of trading. Oh no but it's an easy profit. How? How??
Then the devil in my mind speaks to me. Now is a good period to earn from stock market, why put few months to earn less when you can go into those "rocket" counters and earn more and earn faster? The angel says these "rocket" counters are risky and most people would lost their money. Earn less rather than lose money. Tsk tsk tsk. How? How??
I guess that's part of the game. I do fake trading some times like picking a good counter and look at the TA. Then I pretend if I am getting into it and then come back and see the price later to see if I am making the correct decision.
also, from what you said, you have misconception of investor is the one picking stock based on FA. If you do that, you are an investor. Not quite so.
no right or wrong if that style suit you.
anyway, good luck on your Inari!
Jan 10 2021, 12:06 PM

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