🎁[Events] Sharing Trading Mistakes: What Can We Learn from Them?
We all make mistakes from time to time, especially when it comes to trading. The good news is that those mistakes can serve as valuable lessons for us as traders. It is a good time to reflect on your trading journey and to share your experiences with other traders.
We would like to invite you to participate in our Tiger Friday event and have the opportunity to win exciting prizes. You not only learn precious trading lessons by reviewing mistakes, but you also assist others in avoiding similar pitfalls in the future.
📢Event Details
How to participate:
Comment on the mistakes you have made in your trading career and the lessons you have learned as a result.
It would be helpful if you could provide details such as the nature of the error, the circumstances surrounding it, and the actions you took to rectify the problem.
🎁 Rewards:
All Tigers will be given 10 Tiger coins for reposting and tagging 3 friends in the comment section!
Three Tigers with the most popular comments will be awarded 100 Tiger Coins
One Tiger will be given Tiger gifts for the comments with the Most Likes. ( Invite your friends to give you likes)
⏰ Event Durations
19th May 2023-26th May 2023
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
@LMSunshine @Aqa @Fenger1188
Mistake is making impulsive buys and together with trends. Do homework and not be swayed
Mistake also can be buy at high price. After buy already stock went back down. So in order to recovery the mistake is a choose a good company like $Apple(AAPL)$ $McDonald's(MCD)$ $OVERSEA-CHINESE BANKING CORP(O39.SI)$ all good in dividend don't have to see the price. Just keep buying like every month. After 10year see result. Divident might cover already for the loses @SR050321 @SPOT_ON @koolgal @LMSunshine @Fenger1188 @HelenJanet @MHh Meanwhile i go Taiwan for work. The hotel tag along with McDonald's everyday my free breakfast id McDonald's 😅
🌟🌟🌟To Err Is Human, To Forgive Divine! Making trading mistakes is part and parcel of becoming a better investor. Just like a baby learning how to walk, I have stumbled many times and with each trading mistake I make, I get up and try again and in the process, I have become a better investor.
Due to loss aversion, I hung onto my losses even when I know that the fundamentals have changed. An example is $DiDi Global Inc.(DIDIY)$ . I bought at USD 12 per share and sold at USD1.50. Ouch! That hurts but it taught me a valuable lesson to cut loss early.
I also learn not to be too emotional about my losses but to be more careful with my stock selection. My focus now is to buy quality stocks like $Apple(AAPL)$
, $Microsoft(MSFT)$ with a long term horizon and let the magic of compounding happen over time. It is human to make mistakes but to learn from the mistakes is more important than being afraid to make mistakes. Only then can I become a better investor.
@TigerEvents
2) Position sizing: use 1-2% capital per trade and compound the profit.
3) Control your emotions: trade like a robot without fear & greed.
4) Be disciplined: do not over trade or revenge trade, hit daily target or cut loss and leave.
5) Consistency: show up everyday to learn from the market.
6) Patience: do not enter the first 3-5 min candle.
7) Mindful: watch the news and data releases.
8) Persevere: no pain, no gain. Never give up.
@KylerLee @angelA @Andreana
Therefore, no matter how, discipline is your key to success. Like and share your opinion guys. @Aqa @koolgal @rL @Aqa @GoodLife99 @Universe宇宙 @LMSunshine @melson
Now learn y lesson to buy good stock like $Apple(AAPL)$ $Visa(V)$
@LMSunshine @koolgal @InvestCM
@Mrzorro @LMSunshine @Fenger1188 @BenjiFuji
@CL Wong @Derrick 1234 @MeowKitty @Thonyaunn