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