/biz/ - Business & Finance

>>28310236
Ride 20-80% of the wave and you're good bro.
Let's say after all is said and done we look back at a stock's performance during an upswing, and it went from $2 to $10.
If you bought at $5 and sold at $7 you're doing a great job. At some point you're taking on more risk than the play is worth.
This is true on any time scale, day trading, holding for 10 years, whatever.
You're battling a really strong sense of missed gains. OH SHIT I MISSED OUT comes from your gut & evolutionary instinct. OH SHIT I NEED TO PRESERVE MY CAPITAL has to come from your brain, trained on psychology (this is prospect theory) and rationality.

>>25120622
No, you're experiencing a lost prospect.
Instead of worrying about whether your bets worked, worry about making rational bets and harden yourself to the psychological consequences.

>>25036795
>emotion = sad
>processing emotion
>processing
>processing
>reasonable decision were made
>you faced the sad
>over the course of many trades, this will lead to gains
>set emotion = happy

>>23254668
>say you're scared
>my fear is NOT getting assigned

>>22963360
>>22963579
You're asking crystal ball questions anon.
I think the economy is fine without a stimulus but you know the market is going to tank on "no stimulus" news and spike on "stimulus" news.
If you want to place a short term bet based on the coming news, do it, but don't blame anon if it goes the wrong.
If you want to place a long term bet based on the health of the economy regardless of stimulus, same thing. Do it if you're comfortable, don't if you're not.
FWIW, I would be heavy in TQQQ right now except I predict we don't need stimulus, and won't get one, but enough investors expect it and think we need it to save the economy so there's going to be a big retraction.
It's called gambling. This post shouldn't make you more or less confident, your own assessment of the economic outlook should control that.

>>22824293
Actually this anon has a point: >>22824163
Your risk at such a high cost basis is that an overnight 13D filing could push us up 20% out of nowhere. It's kind of a dangerous position either way, so I suggest figuring out how much you're comfortable losing compared to how much you're comfortable missing out. Think like a machine and protect your capital.

>>22758937
>easier to baghold through red than see dips while you're massively green, what the fuck's up with this
Pic related. Now imagine going back a week and ask yourself what kind of retracing is acceptable.
The consoles are still coming out no matter how much the market dumps.

>>22555506
Yeah fair enough.
Basically I locked my upside at $9 and my desire to fly closer to the sun is intensifying, but I would now have to pay a penalty to do so.
I thought this would start in November, fuck me.

>>22518658
nothing, our lizard brains have loss aversion programmed in.