Trading now is now at an all time emotional high or low?

sgfiftyfive
11-15


So people think that they are the next trading superstar when they make some paper gains. Not even cashing it out. Or maybe took some profits out to prepare for Christmas shopping. It's a feel good factor if you bought a few months before the US elections. You feel even better if you bought Bitcoin (eg Elon Musk, Michael Saylor). 

But I just want to remind you what my mentor told me. Always discipline your emotions. When emotional high from market results, think what would you do if the stock market crashes? If opposite happens, what would you do if the market soars and the results take you to the moon?

Don't be naive and think that this bull run will last till the end of Trump's first 100 days.

Always cash in and restart from small or no positions if you're unsure. Small profits are still profits. Once greed sets in, you're done for. Or fear sets in (eg FOMO), you're totally screwed. 

Hence, managing your emotions & actual action taken during emotionally charged times in the market determines your trading results.

Stay focused and may the odds always be in your favour!

Is Selling Too Early More Painful Than Missing Out?
Masayoshi Son once came close to becoming $NVIDIA Corp(NVDA)$’s largest shareholder, holding nearly 5% of the company. However, a few years ago, he sold all his NVIDIA shares for less than $4 billion. Had he held on until now, those shares would be worth approximately $180 billion—far exceeding his investment returns from Alibaba.
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.

Comments

We need your insight to fill this gap
Leave a comment