Read? Following someone investing idea? (3)
Serious thinking. Respect the market. It is always right; and most likely you are wrong most of the time if your stocks are moving against you.The only problem you have in your mind is that the market is saying you are wrong; but you think they are wrong. Bo pian.
Learn and train your mind harder - Let it GO. Let it BE. But, don't Average Down.
When you Average Down
You are taking on higher and higher risk with a bigger and bigger holding to prove that you are still RIGHT either in your TA, FA or BOTH and the market with lots of smart investors and traders are WRONG.
So what happens now?
If you are RIGHT, you are just trying to break even first with a lower average cost i.e. trying to win back in the same manner that you have ......
