hedge said:
ProgN said:
hedge said:
buying more NVDA
Something that you might consider in the future.
Know your primary target stocks inside and out, backwards and forwards, for better profits. If you do that, then you'd have been scooping up NVDA at $92 two weeks ago, instead of $127ish today. You let fear control you, causing you to have doubt when you could've been taking advantage of the fear of others. Remove emotion and you'll become a stronger trader/investor. I'm not criticizing, just offering some advice.
hey prog, what do you read or get insight from to learn more ?
If I sound annoyed, it's not directed at you, but I feel like a broken record..
The ONLY thing that will lead to consistent results in TRADING is time spent doing it, seeing the highs and lows of your account when you apply proper risk management and when you don't, using fundamental and technical analysis to identify when YOU think you should buy - a target you are aiming for - and where the pain point might be should you be wrong - and then seeing how it plays out.
You will not read anything nor will someone hand hold you into being a good trader. You must start to learn on your own and apply the things you learn consistently. Having a plan and trading it is the first step to understanding if your plan is worth a damn or not. Following somebody else's plan might work, but if you don't understand what they are seeing, why they do what they do, what their strategy is, and what the risks are, then you are plain gambling. Trading is not guessing or hoping. Trading is applying a consistent plan and adjusting as you learn more and gain experience. THE END.
If you aren't willing to do that and spent a lot of time and potentially some decent losses getting better, you simply shouldn't be trading, you should be investing for the longer term with a plan more appropriate. And we have many here and on other threads on this board that do just that. This is a trading thread, and simply buying stuff when its cheap to only profit from bullish conditions is better suited for longer term investing, NOT TRADING.
Even someone like Spilner went from being permabull "buy the dip" to developing a plan. He now sets his targets and knows where his risk is. He's grown immensely from TIME spent trading. And he won't touch BOIL again. Why? Because he traded something that was more complex than he was aware of and got burned. It doesn't fit his plan anymore. Growth comes from experience in trading. I wish there was something easier. But I can attest to it. Just like with most things, when you continue to learn and set out to get better every day, there are massive growing pains.. times where you want to go drive off a bridge.. but it will eventually lead to a lightbulb moment. And when that moment comes, its a turning point.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
