One has to participate in the game to be able to win.
Once, one of my colleagues said - "If I ever win a lottery, I will pay for your vacation overseas".
My response to this kind offer was - "How often do you play the lottery?".
The colleagues answer was- "Never".
While the offer was a kind gesture, it wasn't genuine. Probabilities of winning a lottery are already super low, but if you don't participate probability of winning is zero. In order to have any chance to win at anything one has to participate.
When it comes to stock markets, the goal has to be a long term win. Not only one has to participate, but it is also important to stay in the game.
Above spreadsheet shows the closing prices for the stock prices by StockDweebs and my picks.
On Monday, I chose to trade only one of my picks - $HHR. Almost all of my picks on Monday performed as expected, except for the one that I chose to trade on. $HHR dropped a little bit. One Tuesday I bought more of $HHR stocks and doubled my position. On Tuesday $HHR went down more. I looked at the chart again, and at this point realized it was the time to get out of this trade. I placed a limit sell order for a break even price and sold the stocks on Wednesday. For the rest of the week $HHR didn't move much and stayed red.
This was a break even week, and I am glad it is. It could have gone negative.
One has to participate in the game to be able to win.
Hopefully, next week there will be better opportunities to trade.
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@tipu curate
Upvoted 👌 (Mana: 6/12)
Stock markets look sceeeery to me right now :) Yer a brave person to play there now :) @tipu curate
Yes I know it is risky. I try not stay too long in a position.
Well you're definitely right, there's do Many choices out there when you're generally trading, risky but juicy choices really however when one doesn't make these prospective wins when you don't plunge into the game. No risk no reward like they say. I'm glad you're coming good with your stock
Thanks @josediccus.
You're welcome, keep winning big
Thats good that you were able to break even. I have a few stock that I bought way too high and I am losing faith that they will ever go up to where I bought in with them. I should probably just take my loss and move on, but I haven't been able to bring myself there yet. The one that makes me the most mad is a long term buy that I actually believe will do well overall. I bought it at a fairly high price though and then 3 weeks later countries announced that they were shutting down due to covid and the stock plummeted to 50%. Its slowly increasing in price again and I think it will go back up in the long run but it may take a few years. if only I had waited just a few weeks I could have got a serious discount on it. Hindsight though. Its always an "if only" statement.
Good luck in your next trade.
Yes, it difficult to time these things especially when crisis happens all of the sudden. I hope in the end you will be able to recoup your investment.
Loved this @geekgirl ...
... as we have to "show up" to even be "in the game." Funny (not really) how there seems to be a "progressive" (intentional) trend away from engaging in life without some guarantee of a favorable outcome. There is no such thing ...
I hope your growing expertise in trading yields long-term positive results!
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Thank you @roleerob!
You make some good points, you can't win if you don't play. There is a risk in trading and depending on your knowledge and sometimes a little luck it can pay off. Many variables can come into play but if you don't take any risk you will not have any opportunity.
Thank you @maddogmike!