To The Moon

Hi Tigers,

Welcome to Tigers Topic Review.

“Topic Review” is a new column set to highlight the great comments on valuable topics discussed in Tiger community.

🔥Tigers Topic Review:The Most Potential Southeast Asia Country

🎁Tigers Topic Review(02):Summer Rally vs. Market Correction?

🔥Tigers Topic Review(03): 4 Valuable Lessons Learned from The Market

In this episode, we selecte the topic——Sharing Trading Mistakes: What Can We Learn from Them?

“We all make mistakes from time to time, especially when it comes to trading. The good news is that those mistakes can serve as valuable lessons for us as traders.”

In the previous event, the Tigers shared their investment mistakes and experiences. During trading, we may make various mistakes such as greed, lack of planning, not discipline enough, emotional fluctuations, wrong choices... Throughout the trading journey, we continuously make mistakes but also learn and improve.

Now, let’s review the viewpoints of the Tigers together! Hopefully, you can gain some valuable insights.

(🎁As a reward, the above contributor of this article will receive 15 Tiger Coins)

Trading Mistake 1：Greedy

@Success88 : Mistake have a lot, Mistake is already see profit and don't want to sell off.

Mistake also can be buy at high price. After buy already stock went back down. So in order to recovery the mistake is a choose a good company like $Apple(AAPL)$ $McDonald's(MCD)$ $OVERSEA-CHINESE BANKING CORP(O39.SI)$ , all good in dividend don't have to see the price. Just keep buying like every month. After 10 years see result. Divident might cover already for the loses

@StarLuck : My mistake during the trading is “greedy”

My mistake during the trading is “greedy”. $NIO Inc.(NIO)$ hit $20+ which is profit but i am greedy and not sell it…now become suffer big losses😂 Learn from my mistake is cannot too greedy[Facepalm]

Trading Mistake 2: No Investment Plan

@Aqa : Chasing fad investments, No investment plan and letting my emotions to get the best of me.

I have made many trading mistakes, for instance, Chasing fad investments, No investment plan and letting my emotions to get the best of me. I bought PLTR at its high and sold at low because I became impatient and sad everytime i saw the losses. Now PLTR is flying high again but i already sold it all.[Cry][Cry] For DBSDY I made the mistakes of being overconfident in my abilities as an investor and thought I was smarter than the markets. I profited a few times buy and selling it. I last bought it in April SGD 32.42, thinking it was unshakable although the banking crisis already started. Now I am stuck.[Facepalm][Facepalm]

@Shyon : Not Discipline Enough

Definitely everyone made a lot of mistakes during trading life. The most painful mistake I made was not discipline enough especially on cutting losses. Then the losses became bigger and bigger until you lose your hope and eventually cut it. However, usually this cutting point might the be lowest point before the stock rebounded! Double killed by the mistakes.

Trading Mistake 3: Emotional Fluctuation

@BenjiFuji : Buying based on emotion, holding because of emotion and selling because of emotion.

Many mistakes in trading and investing. Buying based on emotion, holding because of emotion and selling because of emotion. All the fear and greed based decisions led to lost but a little bit more wisdom gained. To rectify my mistakes, will be to consistently review the companies that i hold and check if the thesis still holds. If not, sell.

Trading Mistake 4: Wrong Choice

@FrankieRed : Buy penny stock

My greatest mistake is to buy penny stock. When it go down further, I DCA and become worst. Lesson learn to buy only well known company like Apple, Amazon, Google etc.

@grizzlylee : Buy meme stock

I still have $AMC Entertainment(AMC)$ AMC meme stock stuck with me. It is at a loss. My mistakes are early stage anyhow followed blindly, I will never buy meme stock in future.

Trading Lessons:

According to the above Tigers' sharing, I believe you have a certain understanding of common Trading mistakes. Some Tigers still have shared their trading lessons. Let's take a look!

@JL28168 :❤❤

when stock lose money, nvr determined enough to cut loss, continue hold and hope for it rebound back but it take many yrs and sometimes nvr recover even many yrs..

@KBWSG : 🌈🌈

everybody wants to buy low and sell high. don't ever think that you've invested when the price is at a all time low, as it could drop further immediately. also as all oldies say: "don't put all your eggs in one basket" ... spread out your risks.

@icycrystal :💎💎

my mistake: buying too early when the stock went down only to go down further after buying. so now I have a target price and be patient and wait till the stock reaches my target price. I have learned not to panic when stocks dive down but to be patient and ride out the storm. I have also learned to have risk mgt. which is one of the most important factors to minimise risks.

😎That is all the content of this episode.

👏All of the above insights were from our Tigers comments，and we greatly appreciate their wonderful insight.

💪Hope it has been helpful to you.

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