HMH
08-17

It was mid-July 2024, and I was riding high on the success of my investments. QQQ, the ETF that tracks the Nasdaq-100, had been performing exceptionally well, and I felt invincible. But then, the market took a sharp turn. From July 12th to August 5th, QQQ plunged by about 14%. My portfolio, once a source of pride, now felt like a sinking ship.

I remember staring at my screen, watching the red numbers flash, feeling a mix of disbelief and frustration. How could this happen? Determined to recover my losses, I decided to engage in what I now recognize as revenge trading. The market had become my opponent, and I was ready to do whatever it took to win back my pride and money.

Every day, I would wake up early, analyzing charts and news, looking for any sign of a rebound. My emotions were running high, and my decisions were driven more by desperation than logic. I bought more QQQ, convinced that a recovery was imminent. But the market continued to test my resolve.

Then, on August 6th, the tide began to turn. QQQ started to recover, climbing by about 9% up until August 16th. My spirits lifted, and I felt a glimmer of hope. However, despite the recovery, QQQ was still 6% below its all-time high. I realized that my emotional trading had cost me dearly.

Reflecting on this experience, I learned a valuable lesson about the dangers of letting emotions drive investment decisions. Revenge trading had led me down a path of stress and poor choices. Moving forward, I vowed to approach the market with a clearer mind and a more disciplined strategy.

Do You Trade Stocks for Breaking Even or Making Money?
Most investors starts stock trading to make a profit, but during actual operations, many investors may gradually shift their focus to breaking even. However, the stock market doesn’t always go as planned, especially when facing market corrections or personal operational mistakes, which may lead to losses.
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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