#Education Owner Bias: when you own something you always think it’s value will increase in the future. To prevent this always do your analysis before entering any trade! When you enter the trade, do not looking for evidence to confirm the decision you made! It is useless and waste of time! You have to look for evidence that contradicts your previous decisions to save your capital and profits!
Previously I wrote”Don’t love your stocks because they don’t fall in love with you”. Having said that,It will prevent the consequences of feeling worthless when your love (stock, option, commodities)betray you! If you do not have NEUTRAL MINDSET, you will experience all these stages after any loss you make in the market.
The five stages of grief are: * denial. * anger. * bargaining. * depression. * acceptance
Last week when for the first time the portfolio ended with loss I feel so bad, but when I look at the evidence, I noticed I finished 5/6 in positive (83.5%), so I’m able to find a way in this big market for the next week! Copping with your loss makes you stronger..! Believe me!
"Lucid Motors and blank check company Churchill Capital IV (CCIV) confirmed a merger deal to take the California-based EV company public. Shares of Churchill Capital were down around 25% at 10:45 a.m. ET, though coming off their session lows".
Workhorse group
Electric-vehicle maker Workhorse Group Inc. shares plummeted on Wednesday, extending its decline to about 52% in two trading sessions, after losing out on a key contract from the U.S. Postal Service.
Workhorse shares have now wiped out all their gains since late June as the stock dropped as much as 18% to $13.54 in New York. It posted its steepest decline in almost a decade on Tuesday after a key government contract that some had expected it to win went to rival Oshkosh Corp. instead.
The news came as a “shock,” Cowen analyst Jeffrey Osborne said. While the analyst had not factored in a contract win in his model, he had expected Workhorse to play a role, given the U.S. administration’s recent stance around zero emission government fleets. Osborne maintained his buy-equivalent rating on the stock but lowered his price target to $18 from $25.
Tilray INC
Given this is a high-level overview, we won’t go into details of Tilray's upcoming projects, but, keep in mind that by and large pharmaceuticals, depending on the stage of product development, have irregular periods of cash flow. This means that a high growth rate is not unusual, especially if the company is currently in an investment period.
Before we wrap up, there’s one issue worth mentioning. Tilray currently has a relatively high level of debt. Generally, the rule of thumb is debt shouldn’t exceed 40% of your equity, which in Tilray's case is 82%. A higher level of debt requires more stringent capital management which increases the risk around investing in the loss-making company.
krasyal1975
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@CryptoKenn2020, Bro - Maybe you missed this class in elementary school - "If you don't have something nice to say, don't say anything at all."
Moshkelgosha
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@krasyal1975, thank you for your support please calm down
fuxxfunk
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Psychology thats it!
Luv_Life
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This is great! Thank you for the reminder. Is there any tips that would help us look for evidence that contradicts previous decisions to save your capital and profits?
Grafikgurl
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@Moshkelgosha Thank you for all your great words. Learning from all your charts!
qdawgg17
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Absolutely right and the biggest thing I need to work on.
Grafikgurl
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@qdawgg17, I absolutely agree with that. And it is the hardest thing to work on too.
monica6128
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That you so much. I am working on the no emotion part.
"Lucid Motors and blank check company Churchill Capital IV (CCIV) confirmed a merger deal to take the California-based EV company public. Shares of Churchill Capital were down around 25% at 10:45 a.m. ET, though coming off their session lows".
Workhorse group
Electric-vehicle maker Workhorse Group Inc. shares plummeted on Wednesday, extending its decline to about 52% in two trading sessions, after losing out on a key contract from the U.S. Postal Service.
Workhorse shares have now wiped out all their gains since late June as the stock dropped as much as 18% to $13.54 in New York. It posted its steepest decline in almost a decade on Tuesday after a key government contract that some had expected it to win went to rival Oshkosh Corp. instead.
The news came as a “shock,” Cowen analyst Jeffrey Osborne said. While the analyst had not factored in a contract win in his model, he had expected Workhorse to play a role, given the U.S. administration’s recent stance around zero emission government fleets. Osborne maintained his buy-equivalent rating on the stock but lowered his price target to $18 from $25.
Tilray INC
Given this is a high-level overview, we won’t go into details of Tilray's upcoming projects, but, keep in mind that by and large pharmaceuticals, depending on the stage of product development, have irregular periods of cash flow. This means that a high growth rate is not unusual, especially if the company is currently in an investment period.
Before we wrap up, there’s one issue worth mentioning. Tilray currently has a relatively high level of debt. Generally, the rule of thumb is debt shouldn’t exceed 40% of your equity, which in Tilray's case is 82%. A higher level of debt requires more stringent capital management which increases the risk around investing in the loss-making company.