>Stock is skyrocketing, up 300+ % so far in trading period >Price per share at $1.00 >"Idk seems risky...can it really go up much higher??" >A few minutes later, price per share shoots up to $1.50 >"FUCK, I MISSED IT!!! IT'S TOO LATE NOW!" >A few minutes later, price per share shoots up to $2.00
These are just hypothetical numbers, but what is this psychological effect that is causing me to cuck myself out of massive gains? How do I identify this happening and put and end to this mental faggotry?
Lincoln Robinson
I'll also hijack your thread for a second. Let's say I purchased a stock for 1$ and it has gone up to 1.6$. That's pretty good profit but I only have invested 300$ into them. This being said I don't have any more money to buy more of this said stock but I have so little equity in it that I just want to wait and maximize my profits. When it starts to decline for a certain period of time do I cash in or when am I supposed to ditch my greed and just get the profit I'm set to have despite it probably not have being peaked but I've still made profit on it?
Jayden Hernandez
LOL, discipline level: 0 Write down a number on a piece of paper, e.g. 20%. When it goes higher than your number, cash out.
Lucas Reed
But what about after I cash out? Do you recommend putting some in the same stock and dividing the rest to different or just use profits to buy and hold some dividend stocks? I mainly invest in dividend stocks but now I have been buying ETFs
Charles Gonzalez
bump for answers
Brandon Rogers
You're a pussy who is scared of risk
I don't know how to fix it and if I did I would be a very wealthy life coach. I don't think anyone has a cureall for bitch-pussy mentality. seems to be a function of past life events and how you were raised
Best general solution, start meditating
Adam White
Your tolerance for risk is pretty low
Samuel Morris
don't use money that you could possibly give a shit about. that's it. get a hobby.
if you're not doing it for a living, then treat it like you treat any game that you need patience and practice to get good. if you suck at games in general then don't fucking play you weenie.
if you are doing it for a living, you know better than anyone here that you can't actually get emotional about trading.
Xavier Bailey
>These are just hypothetical numbers, but what is this psychological effect that is causing me to cuck myself out of massive gains? How do I identify this happening and put and end to this mental faggotry?
You have understood the idea of the "buy low, sell high" philosophy, your new wisdom prohibits you to buy when all are buying and sell when all are selling... be happy user, most fags on this board will never be able to grasp it.
