I've to say B. Although I have a trading plan, my emotions gets the better of me causing me to hang on while I should have bailed out. Things have started to improve lately and I have managed to start to respect the stop loss. This is after being forced to become "long term investor" (bag holder) for a few counters.
🇸🇬 From 50% Loss to Consistent Profits: Have You Mastered 4 Simple Rules?
In the Singapore market, many investors follow a familiar, painful path:
Buying based on "hot tips," chasing rallies, and doubling down on losing positions. It starts with a stock at $2.50, and by the time it hits $0.80, you’re fully loaded and trapped.
On your trading journey, which stage are you currently stuck on?
A. Bottom-fishing addiction (Always feeling it hasn't dropped enough)
B. No Stop-Loss (Hoping it will eventually bounce back)
C. Over-trading (Feeling itchy if you don't trade for a day)
D. Falling for Fakeouts (Getting trapped right after buying the breakout)
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