Fail to buy, how to deal with fear?

Discussion in 'Ask any question!' started by CapFlame00, Jul 20, 2021.

  1. CapFlame00

    CapFlame00 New Member

    Joined:
    Jul 18, 2021
    Messages:
    3
    Likes Received:
    0
    Most often I can't buy or hold very long. Especially a day after a lost.
    Today I had 2 nice stock, It was going up and up, I remembered not to buy at top... well it was just going up and up. I did not buy.
    Another one, I waited, waited, then I bought, but I hold less than 1 min.
     
  2. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    8,106
    Likes Received:
    2,946
    Sounds like you need to adapt a trading/investing strategy and stick with it. You're also doing it for WAY too much money if you're worried about it that much this early in your stock market career. Based on your comments, I'd recommend doing some paper trading. You can google it and find a simulator. Set your starting amount to the amount you have in your real account, that way you'll get an idea on what you're comfortable with. It does no good to start with $500K and gamble hundreds of thousands on paper money if it's not the same situation you're going to be in in real life when you get back in.
     

Share This Page