1, I chose B, wait for a pullback..When a stock suddenly jumps up +8%, profits taking will happen too. 2. I chose C, average down to lower cost if the stock dip total of 10%. 3.i chose A, take profits. because always has next opportunity. 4. chose B and watch price action and go for quick swing trade. 5.All 3 I don't choose .. I hold on my shares. 6. B, Pause and review what went wrong
1b, 2b, 3c, 4b, 5c, 6b. I love entering into something new and the emotional torture you put yourself through thinking the stock market is an instant winner until you realise its a slow burn or high risk higher reward or not for you. its all about the mind and the research.
🌟🌟🌟My answers are: 1B - If the stock jumps 8% out of nowhere most people would chase it. Me: I would relax, breathe. Verdict: Wait for pullback. 2C - I finally buy & the next day it drops 6%. Most people would panic sell. Me: Discounts already? Buy. Verdict: Add more lower my cost. 3C - Suddenly I am up 20% & it still looks strong. Most people would take profit. Me: Why interrupt a good thing. Trend is my friend. Verdict: Hold & Smile. 4B - Major bullish news everywhere: Most people would buy & scream to the moon! Me: Let me verify the source first. Could be real or rumour. Verdict: watch price action. 5C -Earnings tomorrow. I am slightly up. Most people would say too risky. Me: Risky? Opportunity in disguise. Verdict: Add. Earnings