1. Averaging down without a plan — Buying more to recover losses can actually amplify risk.
2. Letting small losses turn into disasters — Small losses that are ignored can wipe out your account.
3. No stop loss, or moving stops — Losses can snowball uncontrollably.
4. Holding on to “it will rebound” hope — Gambling on luck instead of following rules often ends badly.
5. Ego as I do not want to sell at loss. I always think I am buying a share for earning profit and not at loss, so I will hold on to it till it make profit before I decided to sell off. As a result, I can end up the share become zero value due to delisting.
However, all these mistakes still never change my trading habits. I never regretted holding on to the shares like $Alibaba(BABA)$ $Sea Ltd(SE)$ $Palantir Technologies Inc.(PLTR)$ $Tiger Brokers(TIGR)$ $Snowflake(SNOW)$
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- Mortimer Arthur·10-05I will hold BABA until my Grandchildren are very rich.................LikeReport
- Ava Watson·10-03Its great...LikeReport