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Jonathan Chia Guangrong
31 Jan 2019
SOC at Local FI
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What is your intial feeling when your counter turns red? How about when your counter turns green? Those feelings can create impulse buying/selling which will affect your potential returns. You have to recognise the problem and set limits to yourself, eg. If you want to have a transaction, have 1 day cooldown/observation first to make sure your thoughts are rational. Alternatively, predecide on stop/limit orders so you woulnd't sell/buy in the heat of the momment.
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Hmm you may need to take small steps in building confidence in taking on investments. Small wins and profits will help you reach a higher level and reduce the fear you have. Hope this helps