How to manage the trading mentality to achieve stable profitability?
From ignorance, accumulation, breakthrough, building-system, cognition, belief, I believe that successful trading = trading psychology * trading system. We can consider fund management and trading rules as trading systems, and the top form of trading psychology is as firm as belief. Therefore, success is nothing more than an operating system with faith.
Whether for newbies or experts, losing money is inevitable.![]()
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The key is to lose correctly rather than wrongly. And when a loss-making transaction occurs, it must be a high-profile catch-up or a bargain-hunting on the mountainside. Otherwise, you will make a profit. Before entering the market, we should determine our trading types, technical or fundamental? Reverse thinking traders are accustomed to buying or selling in advance, while positive thinking traders like trading after a turn of trends. $Tesla(TSLA.US$
Whether for newbies or experts, losing money is inevitable.
When trading on the left, if the price down to the bottom, the only thing is to stop the loss and leave the market; when trading on the right, if the price does not occur increasingly, or even become a loss position, you can only stop-loss. $Alibaba(BABA.US$ $Apple(AAPL.US$ $NVIDIA(NVDA.US$ $Ford Motor(F.US$
Based on these circumstances, we must know the correct buying point in our trading theory.![]()
If the buying point is valid and you believe it is a low-risk entry point, it is the "right loss" when a loss occurs. Conversely, if the buying point is wrong, it is a high-risk entry point; even if you take profit, it's terrible winning, and you will lose money in the long run for the profit-loss ratio.
Building your trading mindset is essential if you want to deal with every transaction calmly. Before you take profit, consider how much loss you can withstand. In technical analysis, there is a price and volume called "climax market." When a stock rises sharply, everyone notices its increase. Because of human greed, some players will enter the game to get a share of the pie. Therefore, these stocks usually have the following characteristics:
1. Strong unilateral upward trend
2. Explosive volume in the middle stages of the uptrend
3. The decline afterward was also very violent
For example: $GameStop(GME.US$ $AMC Entertainment(AMC.US$
Based on these circumstances, we must know the correct buying point in our trading theory.
Building your trading mindset is essential if you want to deal with every transaction calmly. Before you take profit, consider how much loss you can withstand. In technical analysis, there is a price and volume called "climax market." When a stock rises sharply, everyone notices its increase. Because of human greed, some players will enter the game to get a share of the pie. Therefore, these stocks usually have the following characteristics:
1. Strong unilateral upward trend
2. Explosive volume in the middle stages of the uptrend
3. The decline afterward was also very violent
For example: $GameStop(GME.US$ $AMC Entertainment(AMC.US$
Thus, you will be trapped; then, you must have an emotional outburst, manifesting irrational trading.![]()
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So, learn more, train more, and grow up from mistakes again and again! We are our biggest enemy.
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NANA123OP : @Dadacai@mooboo@Mcsnacks H Tupack@Moo Top@Panda2102@Mars Mooo
look forward to your guidance
Meta Moo :
You're your own best asset.
Mars Mooo NANA123OP: I would like to add one more - Apes together, STRONG!
.
As long as the stock continue to be listed, there will be opportunities for the stock price to fall, as well as rise again.
There are also opportunities for companies to merge and become bigger! (e.g. $SNDL Inc (SNDL.US)$ + Alcanna, $Cenntro Electric (NAKD.US)$ + Cenntro)
Who knows one day, BANGS ( $BlackBerry (BB.US)$ , $AMC Entertainment (AMC.US)$ , $Cenntro Electric (NAKD.US)$ , $GameStop (GME.US)$ and $SNDL Inc (SNDL.US)$ ) might merge to form a conglomerate called 'Apes Together Strong' consortium?
That will be awesome!
Fundamentalist : Nice
NANA123OP Mars Mooo: Wow
Mars Mooo NANA123OP:
Panda2102 :
well said nana.
Panda2102 Mars Mooo: Apes etf?
AlfonsoDex : Good pointers @NANA123
NANA123OP Panda2102: Thank you so much
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