Start lower
For quite sometime in the daytime I do a semi-fast term trading on an online stock trading system. Let me tell you that it is a rude rude world. Take your guts, and if didn’t show as you predict, get away sooner from anybody else. It doesn’t easy when you put too much hope on things and it turns you down, by means here is the target price of the stock I owned.
But clock is ticking and if you freeze a while, the loss is getting bigger. When I cut the loss, I automatically calculating the negative amount I earned. When I start over by thinking my previous investment portfolio is the one before the loss, it maybe made me put a double standard on the next trading: to get my money back plus another profit, and can relate to further loss and bigger loss. Because the key is not to get drowned in greed and take whatever you can get. The phsycological illusion I do on it is to think that I started over on a lower entry point – by thinking that I never get loose before, (that I never had had the money I loss) therefore I can act without a burden of hesitating profit.
Well until this morning I didn’t know that it can be a solution for a real life too.. Hehe..
