Trick Deadly Mindsets That Traders Commit

Is it normal to lose inwards stocks? Yes.

This is the difficult truth of the markets. From market 

veterans to newbies, everybody loses.

If winning 5-6 digits of profits was normal, bulk of the people
 wouldn't dismiss snapshots amongst huge gains every bit heresy. 

Talk to those who worked every bit brokers as well as they'll tell you 

how unfair the the world is.

But bulk would easily bring a 6-7 digit loss because that's 

how the norm is. And there's a ridiculous civilization of embracing 

this truth instead of fighting it.

Like when yous neglect inwards your tests and 

immediately await for your "buddies"

But piece everybody has their fair part of losses, not 

everybody remain every bit losers.

Allow me bring yous to to a greater extent than or less other wonderful experience in

 appreciating renaissance fine art as well as the truths of the stock market.

Today, I'd similar to utter nearly the Common Deadly 

Mindsets that Traders Commit.

"Expensive vs Cheap" Mentality

You purchase 100k Shares of Stock A for P0.10 

Instead of Buying 1,000 Shares of Stock B for P10

A lot of people autumn for this 1 early on inwards the game. Buying 1 stock
 over the other because it looks inexpensive price-wise.

Take this for event on FNI vs NIKL. Both are said to be 
Nickel stocks. And since FNI looks cheaper than NIKL yous buy
10k worth of FNI shares on Oct 22.




Next day, NIKL rallies as well as FNI fizzles.
Your FNI's worth is at nowadays almost a hundred less.

If yous solely chose the to a greater extent than "expensive" NIKL you'd 
have gained v hundred more.

So what's the indicate of yous having millions of shares on 

a stock but fails to present yous a profit?

It's only showing off without having existent substance.

#realtalk

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Now a lot of people would also dismiss the see of buying

 at All Time Highs (ATH) because of statements like 

"I've never seen this stock this expensive before!" 

I'm guessing to a greater extent than or less of these people have 

been telling that to URC since the 20s.

And a lot of people would nonchalantly purchase stocks that have 

fallen 20-50% from their highs because "It's on SALE!"

Who doesn't dearest a proficient Sale?

I loathe to intermission it downwards to yous buddy but 

the stock marketplace ain't similar the Malls.

FNI MEGASALE at 2.55 yous say?

 The reality is, at that spot is no such affair every bit a inexpensive or expensive stock.

Only Winning or Losing stocks. 

"Paper loss lang yan!" Mentality

The non credence of a loss. This is the most mutual phrase you

 will demand heed when people cannot bring a loss. It's a agency of fooling

 yourself to the reality that yous lost your difficult earned money

 - as well as that if yous become long term, you'll live on fine.

A lot of people would utilization the W. Buffet quote 

to defend their newspaper losses:

"Rule no 1: Never Lose Money

Rule no 2: Follow Rule 1" 

Well gauge what?

You aren't lolo Buffet who was already a 

#richkid when he said that.

And this is normally the origin drive of the adjacent Deadly Mindset..

Averaging downwards as well as the Bodega Mentality

While this strategy plant fine amongst those amongst lots of money, 

it isn't necessarily hence amongst those amongst only a few. 

If yous receive got less than 50M inwards buying power, why would yous purchase the

 downtrend when yous tin purchase trending stocks that would actually

 grow your money? You don't receive got to e'er endure outset before 

you brand profits.

And hence whenever yous experience similar buying a downwards trending stock, 

may yous e'er hollo back this image:

Now what happens when yous combo the concluding 2 deadlies?

You'd belike halt upwardly having this Wrong Mindset:

"It's likewise deep to cut!" Mentality

Have yous ever had losses that reached to a greater extent than than -30% 

in your port? Painful right? 

"But maybe. Just maybe" yous think to yourself, 1 day, yous will
 be liberated from all this hurting as well as to a greater extent than or less magical rally would

 happen. It's possible. And out of your desperation yous create a lot

of meaningless materials similar query nearly the companionship you 

'invested' in. Hell, yous fifty-fifty know the refer of the CEO's dog!

You also believe whatever the Gurus say fifty-fifty though you 

know deep inside yourself that what they say is crap.

You had a lot of opportunities to cutting your losses.

 So why didn't you?

I'm pretty certain your losses didn't grow every bit it is overnight

It's difficult to swallow a loss. But what's harder to swallow is your 

pride as well as ego. If yous solely admitted that yous were wrong, 
non of these terrible things would happen. 

So cutting when it's however early on as well as remember:

 your pride, ego, as well as laziness won't feed you.

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To halt this post, they say 99% of the people who traded and

 invested in the stock marketplace lose. And solely 1% thrive.

So If yous desire to live on purpose of that 1%, 
then don't create what the 99% is doing.