$Tiger Brokers(TIGR)$ The prob

The problem with averaging into losing trades is twofold:

1. You can have a high win rate, which tends to give you false confidence.

2. It only takes one bad trade to wipe out everything.

Walk away from losing trades. Get back in if the setup becomes favorable again.

Instead of hoping for the price to recover, you should fear that it could move further against you.

I'm bringing this up now because I am watching "finfluencers" do this in real time. If they get bailed out of a position, they will say, "See, look at me, I knew it." The reality is, it's not a winning strategy and never will be, simply because it takes one bad trade to wreck it all.

Bye H1! How Do You Plan the Next Half?

The first half of 2024 saw soaring U.S. and Hong Kong stocks. What is the progress of your annual goals? Will you forge ahead bravely or plan to revise your goals? Besides investing goals, how are other life goals going? For example, how many books have you read? How about your gym plan?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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