/biz/ - Business & Finance

>>19022505
up 2.7% successfully closing the other leg on my earnings strangle on NET (closed the call down 50% rather than 90%)
sold a put on AMC
bought 5/15 HMC 25/22.5
bought 5/15 IWM 136/128
see >>19022162

new to investing and trade.
my thoughts as i watch my first stock purchase of two shares of TSLA dip 4% in opening trading of the next day and try to comfort myself with flowery words and rationale.

This is why you have it over and over again highlighted in the intelligent investor that character and emotional control are absolutely Paramount.
For instance, a person seeing that their stock Choice was down 4% in the opening trading of the next day, and not being aware of the nature of the market and the nature of trade and investment, might panic and sell and think they will recoup their losses by buying at a lower number and riding it up.
This is wrong.
Because they've already lost the second they sell.
Character and emotional control comes in when one sees the 4% dip feels that wave of panic but then zooms out and relaxes, because they know that while they lose this money if they sell low, one does not lose money if they have to hold a little longer to make profit, only time. You only lose money on trade if you buy high but most importantly sell low.
So don't sell. Relax. Your day trade just became a swing trade. Or your swing trade just became a long-term investment.
This is one of the huge benefits of not speculating on lesser-known stocks, but only participating in the leading Brands and companies with a solid underlying use value independent of share price.
The only risk for the trader in this way is that they accidentally become an investor.

Sorry for the Reddit spacing but it's kind of the nature of blog post. Would love any insight or feedback or criticism

>>16833780
I literally only buy cryptocurrency based on analysis of past Trends, should I be paying attention to the news or something about this kind of stuff?
I log all of it with the rest of that e celebrity bullshit