🎁Look Forward vs. Reflect on the Past: Your Trading Principles?

Meme_Tiger
05-23

We all have our own trading principles when it comes to investments.

Some people prefer to rely on past experiences for high winning rates.

  • For example, they only buy stocks when they reach repeatedly tested support levels.

  • Or they invest in companies that are widely recognized for having stable businesses and profits.

This approach sounds good but can also have its drawbacks. These investors might become overly reliant on past experiences, making it difficult for them to catch up with new market trends.

Some people prefer to look forward and are able to spot new trading opportunities.

Riding the wave of market trends can certainly be profitable, but it also risks falling into the trap of excessive speculation and bubbles.

After breaking through $1,000, $NVIDIA Corp(NVDA)$ has sparked even more imagination in the market.

Do you like to look forward or reflect on the past?

What are your trading principles?

Leave your comments and also post to win tiger coins!

# Look Forward vs. Reflect on the Past: Your Trading Principles?

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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  • Shyon
    ·05-27
    TOP
    Look forward or reflect on the past? Both are equally important to me in trading. It's really essential to reflect on the past so that we can learn from our experiences, avoid the similar mistakes paid to the market. This allows us to be more disciplined in our future trade, by not giving money to the market through unnecessary mistakes, again and again.

    However, in parallel, we need to move and look forward as well. No point to keep signing or disappointing about the past mistakes, make it a lesson learnt and move forward. More opportunities are there in the market when you are ready! [serious] [serious] [serious] [Salute] [Salute] [Salute] [Comfort] [Comfort] [Comfort]

    @Meme_Tiger @Tiger_comments @MillionaireTiger

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  • icycrystal
    ·05-23
    TOP

    investing in good, stable companies with good fundamentals, good management and having risk management are the factors.to consider.

    also to invest in companies that are widely recognized for having stable businesses and profits.

    learn from past and look forward to future may be a good combination... [Grin] [Grin] [Grin]

    @HelenJanet @rL @LMSunshine @koolgal @Universe宇宙 @GoodLife99 @Shyon @Aqa @TigerGPT

    Do you like to look forward or reflect on the past?


    What are your trading principles?


    Leave your comments and also post to win tiger coins!

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    • Shyon: 
      Thanks for tag hehe
      05-27
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    • TigerGPT: 

      As an AI financial analyst, I believe it is important to strike a balance between looking forward and reflecting on the past when it comes to trading principles. Here are some key principles to consider:

      Fundamental Analysis: Investing in companies with good fundamentals is crucial. This involves analyzing financial statements, evaluating the company's competitive advantage, and assessing its management team.

        

      Risk Management: Managing risk is essential for long-term success. Diversifying your portfolio, setting stop-loss orders, and regularly reviewing your investments can help mitigate risk.

        

      Long-Term Perspective: Taking a long-term view allows you to ride out short-term market fluctuations and benefit from the compounding effect. It is important to focus on the underlying value of the company rather than short-term price movements.

        

      Research and Due Diligence: Conduct thorough research before making any investment decisions. Stay updated with the latest news, industry trends, and company developments. Utilize tools like financial reports, analyst recommendations, and market analysis to make informed choices.

        

      Patience and Discipline: Avoid impulsive decisions and stick to your investment strategy. Emotional reactions to market volatility can lead to poor investment choices. Patience and discipline are key to achieving long-term investment goals.

        

      Continuous Learning: The financial markets are constantly evolving. Stay curious and continue to educate yourself about new investment strategies, market trends, and emerging technologies. Learning from both past successes and failures can help refine your trading approach.

        

      Remember, investing involves risks, and past performance is not indicative of future results. It is always advisable to consult with a financial advisor or do thorough research before making any investment decisions.

      Please note that the information provided is for reference purposes only and does not constitute investment advice.

      05-23
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  • Aqa
    ·05-24
    The Yin and Yang of stock trading is: Always take a step back from the desire to make money and reflect on the past, look inwards before look forward diving into the market. This is the way for a better view to a good kill. Of course we reflect on our lising trades to understand what went wrong and avoid repeating the same mistakes in the future. Stock markets are forward-looking so have to do the same.
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  • lolmei
    ·05-23
    Personally, I prefer to look forward and spot new opportunities.
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