Making money from stock trading is talent or luck?
Reward and punishment, right and wrong, are two completely different sets of concepts.
However, people often easily confuse them, mistaking reward for correctness and punishment for error.
What is a mistaken reward?
It means you've done something wrong, yet received a significant reward. This can lead to overestimating your abilities.
For example, Tom made a lot of money in a meme stock like $AMC Entertainment(AMC)$.
He might draw lessons from this successful experience and believe that meme stocks can bring huge profits. It's easy to see that most of his speculative trades are likely to result in losses.
Does making money necessarily mean you have a talent for stock trading?
Or is it always your fault if a trade results in a large loss?
Would you attribute a successful trade to luck or talent?
Leave your comments and also post to win tiger coins~~
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talent or luck, I guess you need both to be successful. though luck may run out... so it's important to have talent so that if luck does run out, talent is there to pull you through.
I guess often than not, not being patient is the result of losing a trade, of course others like not having risk management, trading too aggressively, not diversifying portfolio can be attributing factors as well.
@koolgal @HelenJanet @Shyon @Aqa @rL @GoodLife99 @Universe宇宙 @DiAngel @xXxZealandxXx @LMSunshine
Does making money necessarily mean you have a talent for stock trading?
Or is it always your fault if a trade results in a large loss?
Would you attribute a successful trade to luck or talent?
Leave your comments and also post to win tiger coins~~
first large loss is not the end of the world. learn from mistake & do better the next time. if large losses is repeated everytime, then make money by auto invest in a low cost ETF that's proven to provide good returns
if one still make large losses while auto investing in a low cost ETF that's proven to provide good returns, then he should wash himself with pomelo leaves bath to wash away the sui!
Skill & time:make an effort to understand the basic of trading. Thereafter, spending time to understand the chart. Uptrend, downtrend, sideway etc etc. Using market depth to assist in buying or selling mode.
Luck:have HNW friends who have invested more than SGD 1 million in SG markets, Thailand, HK & China. Self managed SG market whereas the rest (Thailand, HK & China) are managed by Fund House. Their stake are very high whereas I slowly accumulate SG counters under their advice.Theirs minimum is 50,000 shares per SG counter or each transaction is SGD 50,000.Otherwise, it is not worth their time to monitor or dividend. [Surprised][Facepalm][OMG][Observation]. After awhile, under their influence, my minimum stake on each SG counter is 10,000 shares per SG counter. It took a lot of courage to do so as after buying, it might go up or down.Must have a strong heart to withstand whatever turbulence it might be[Bless]
@MasterStonker
@TimothyX
@Karatechop
@highhand
@pcwSg
@MHh
@MilkTeaBro
@Aqa
@nomadic m
@icycrystal
@DiAngel
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然而，人們經常很容易混淆它們，把獎勵誤認爲正確，把懲罰誤認爲錯誤。
什麼是錯誤的獎勵？
這意味着你做錯了什麼，卻得到了可觀的回報。這會導致高估你的能力。
the result is not controllable by any individual, but as a whole of all factors and parties in play. [Eye] [Eye]