The more lively the market, the easier it is to get impulsive.
When everyone in the group is calling trades, it's often not the right time. Calm down, understand the rhythm, and then take action. The most dangerous time to make money is when you're winning. When things go smoothly, you want to add to your position; when you make a profit, you want to double down. But the market can turn against you faster than you think. Those who can take profits in batches are the ones who go far. Don't trust your feelings too much. Today you think it will rise; tomorrow you think it will fall. Set a simple set of rules for yourself and follow them. Rules may not be perfect, but they are more reliable than emotions.
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The more lively the market, the easier it is to get impulsive.
When everyone in the group is calling trades, it's often not the right time.
Calm down, understand the rhythm, and then take action.
The most dangerous time to make money is when you're winning.
When things go smoothly, you want to add to your position; when you make a profit, you want to double down.
But the market can turn against you faster than you think.
Those who can take profits in batches are the ones who go far.
Don't trust your feelings too much.
Today you think it will rise; tomorrow you think it will fall.
Set a simple set of rules for yourself and follow them.
Rules may not be perfect, but they are more reliable than emotions.