Just had coffee with a trading friend for 2 hours and he was swearing and complaining to me how much he had lost in the stock market! More than 5 figures and worst of all, he kept this from his spouse. He continued to rant on and on about how the market is spooked, manipulative and blamed it on the Central Government for doing too little too late.
Could he be right ? I don't know. I had my fair share of seeing red in my own portfolio and several positions been stopped out as well.
I could not find a better phrase nor word to say what needs to be done now. Then I came across this article here.
It hit on me that a professional jockey could still put on a smile despite not winning for 137 times !That is really admirable in terms of his "never-give-up" attitude.
I am not saying the market will turn around this week if you choose to stay on. Nobody can tell you for sure just like how this stock market plunge took many by surprise. It is like a domino effect, first the Coronavirus dampening the mood of stock market, then the oil play between the OPEC members dragging down the futures and then the stocks as well. Nothing is spared with the exception of safe haven like gold, yen and the VIX.
I have previously mentioned that one must not treat trading as everything in life but just a compartment of his life. There must exist space and time for family, friends, hobbies, social life, etc. Striking a balance is KEY as this is the time where you seek solace in this areas to let out your stress in a healthy manner. What goes down must comes up and vice versa.
To miss the game of it coming up and you not participating in it would be such a shame because you call it quits. Not for another 137 times, now that is professional !! Have the right mindset an you will be able to survive any disasters!
Take care ,everyone !
Could he be right ? I don't know. I had my fair share of seeing red in my own portfolio and several positions been stopped out as well.
I could not find a better phrase nor word to say what needs to be done now. Then I came across this article here.
It hit on me that a professional jockey could still put on a smile despite not winning for 137 times !That is really admirable in terms of his "never-give-up" attitude.
I am not saying the market will turn around this week if you choose to stay on. Nobody can tell you for sure just like how this stock market plunge took many by surprise. It is like a domino effect, first the Coronavirus dampening the mood of stock market, then the oil play between the OPEC members dragging down the futures and then the stocks as well. Nothing is spared with the exception of safe haven like gold, yen and the VIX.
I have previously mentioned that one must not treat trading as everything in life but just a compartment of his life. There must exist space and time for family, friends, hobbies, social life, etc. Striking a balance is KEY as this is the time where you seek solace in this areas to let out your stress in a healthy manner. What goes down must comes up and vice versa.
To miss the game of it coming up and you not participating in it would be such a shame because you call it quits. Not for another 137 times, now that is professional !! Have the right mindset an you will be able to survive any disasters!
Take care ,everyone !
Comment:
great, gap is filled now. let's see this morning if there will be a rebound or heads further south.
Comment:
www.reuters.com/arti...budget-idUSKBN20X04B
A bullish candle and recovering three quarter of the fall already. More to come.
A bullish candle and recovering three quarter of the fall already. More to come.
Comment:
Of course, like you, I was disappointed. It is one of the worst index performance in Asia. Be careful now, guys. Things are moving out of whack and with the stimulus, it is still not stoking the fire to rebound. Watch your portfolio now, do not add new ones unless you are clear and have sufficient reason to get in. This is no time for being a hero.
Comment:
www.cnbc.com/2020/03...-but-not-cancel.html
Mr Abe is having double stress this days battling the Covid-19 and now the cancelling of Olympics event. What is the point of organising it if other countries like Canada is not sending its team over ? This is very bad !
Mr Abe is having double stress this days battling the Covid-19 and now the cancelling of Olympics event. What is the point of organising it if other countries like Canada is not sending its team over ? This is very bad !