Aside from trekking dangerous mountains, trading in the stock market is the most mysterious and adventurous thing I’ve ever known. There were times that I had to avoid coffee, my very precious thing, just to dance without palpitating with Miss Market. There were sleepless nights not because I was awake in someone else’s dreams but because I was too worried about the stock that I just bought. *insert eye bags here* There were penniless days because all my positions were shattered by the bears. I hate bears. Really, but I want them! How come? Go find it yourself. 😛
Afraid? Thou shall not. Trust me. 😉
Given all those grievances, I cannot deny the fact that, trading can give you more than what you asked for.
Here are some five vital realizations you will have as a noobee in the stock market
1. HYPE alert!
If you’re a member of tons of trading groups on FB, being a hype victim will never be out of the picture. Given all the gurus and geniuses in the battle field, tickling your emotion towards trading is super easy for them. Even you can hype yourself, convincing that a certain stock would go up up in a way as you wanted to. Little did you know, Ms. Market was too stubborn to do what you wanted.
2. You are now probably thinking of charts!
Eating charts in the morning, evening, afternoon and at midnight would take so much of your time but without you working for it, your losses would eat so much of your wealth. Now, choose. You would probably enter positions in all potential entries and end up optimistic about your improvements. However, failure and disappointments would come along the way. You’re warned.
3. You become more likely a stone!
A stone is a stone. Even you kick it, flip it, or never mind it, it doesn’t care. It also described you as you become familiar with trading. It minimized and sooner it gradually took your emotion towards fighting the bloody bath. You would realize that being merciless was your only way to go. It was like the survival of the emotionless. 😉
4. Sorting becomes easy!
A lot of people say, “Everyone is unique.” That is very true about stocks as well. You would realize that your treatment between a blue chip stock (composed of 30 big companies in the Philippines) and a penny stock (a stock that doesn’t warn you before it goes spaghetti pababa) must be different. Sorting stocks before trading them came to play. You would consider the type of perspectives stockholders or traders treated to the same stock that you were in. However, everything was subjective so you would end up confused most of the time.
5. Gluing your eyes on the ticker is no need!
How I wish I could honestly say that my eyes were not glued on the screen during market hours. However, I realized that if only if I were good enough to spot stars in the charts, I was good to go. No need to bring the laptop with me to the comfort room when I feel like I was about to uhhmmm. Nothing to worry about. Right? Well, except from World War III!
Charting would make you become more confident with the positions that you’re in. You just have to do your self-assigned homework. Thus, it also applies to fundamentalists. Don’t get me wrong fundamentalists guys out there. Still, you would realize that when your GTC was on, you must have at least three strong reasons to hold on to. Kapit lang! 😀
Disclaimer: Photos not mine.
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