I learned one thing from stock trading.
“Stock trading is a fight to your own greediness”
Especial in speculation.
Why?
Image the situation.
(1)
You bought stocks yesterday and the price went up today.
Sell? Wait?
If you sold them, will you buy again?
If you waited, when you will sell them?
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(2)
You bought stocks yesterday and the price went down today.
Sell? Wait?
If you sold them, will you buy again?
If you waited, when you will sell them?
Did you figure out the point?
“Decide the profit goal for earning and bottom line for loss. If you reach either line of them, retreat from the trading market forever”
This is the only way and only chance to win in stock trading market.
For instance, even you win 1,000 USD today, if you don’t retreat from the trading market forever, the fighting to your own greediness will never end.
However, there are some rare cases, which is that some people can keep winning in stock trading market, especially for speculation.
They are extremely good at expecting the feeling of the public. That’s why they can win the trading easily by estimating the price in 10 minutes.
Usually, these kind of people earn lots of money or even publish specific books for stock trading by continuously succeeding in the market.
Of course many of them had paid efforts, but some of them are also naturally talented.
Not like these rare cases, the most lose a lot due to the weakness of fighting against the greediness of themselves .
This is the lesson I learned from stock trading.
Hope it helps you.
