XAO 0.21% 8,592.3 all ordinaries

if my confidence is down and I'm not making the right trades or...

  1. 4,195 Posts.
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    if my confidence is down and I'm not making the right trades or some losing trades
    you must ask the question why?
    - am I trading emotionally? perhaps with money I can not afford to lose
    - am I chasing quick money taking unnecessary high trade risks?
    - am I trading to often and trying to make things happen without proper DD on said stocks
    - am I putting in the value needed first by researching into stocks before buying in
    and do I have a excellent understanding of the company's fundamentals or just a brief overview?
    - I'm I trading based purely on TA and not FA or vice versa
    - maybe go over the stocks that went up 50 to 100% in the last 3 months and try to look for a common theme,
    were they low MC stocks before there run?
    are most in the same sector?
    was there a catalyst that made them run or a build up in SP leading to the catalyst?
    did they have strong fundamentals in place?
    were the stocks in uptrend or down trend before their run up?

    I don't believe in luck in picking stocks, I think the more value you can put in ( research etc)
    the greater the return from your stocks you will receive, patience of course is needed

    I enjoy playing poker as its a skill game much like the stock market is
    great players only play about 20% of hands they are dealt and throw away the rest, need a great deal of patience to pick the right spot to maximise value.

    pick less stocks and maximise the value in them.
 
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