Lol, This got me cracking and I can bet that if it went $20,000 some will still dream to have it go $25,000, Greed too bad.
If you are not making money for years while trying to daytrade, it has as much to do with trading as taking a loss has to do with trading. No?
I think it comes down to the nature of the beast,we being the beast.. Deep down,traders are either fear based or greed based.If you are fear based,then cutting losses is easy,but letting profits go is next to impossible.. If you are greed based,it's easy to put the pedal to the metal,but much more difficult to abandon ship.. So the answer really depends on how you are built,but IMHO,the biggest sin is not taking the shot when the opportunity presents itself..
dude this type of reply has no value.... everybody can see the chart of 2000. you have to have higher resolution thinking. what was the interest / yield environment in 2000; what was the earnings picture; what was the public sentiment in 2000; low resolution thinking by picking a peak in the past that has no relevance to today's situation... aint gonna help anybody.
%% Good points He12003; not that a fake bitcon move means anything.But believe it or not, your 50% level remark makes sense, as far as math, good comment ,
%% I agree; about 95.777%. But sell in MAY 2019 Was almo$t as bad as MAR 2000. Good thing for the bulls/uptrenders sell in may, 2019 had NO followthru in QQQ or SPY/UPRO [ LOL-LOL]...................................................................................................... Interest rate are almost zero/goose egg, but TZA, QQQ dividends/UPRO can really add up X multiply. TZA is more tricky since the volume lost about 25%/stock/ETF split
Losing = never cut loss, risk = the moment after cut loss it took off and never look back Opportunity lost = never execute trade, risk = the moment the trade is executed it turns against us Leaving $ on the table = never take profit, risk = once sold it took off and never look back It all depends on the market condition. In choppy market, be selective and take when the market gives. In roaring market, buy and let it run.
The worst is lossing, as you have no chance to return this money and will regret and fell under unconfidence cause of losses, so that's the main point to overcome if you want to have success, you should perceive lossing as you left money on the table, nothing more