2021-06-18 08:03:46
You buy a stock at 500
You sell it at 600
Now the moment you sell it, you want it to go down. That gives you more pleasure than your profit itself. Why? Because it gives you an ego trip that I sold at the top. And if it, lets say, keeps going up, you become miserable.
You forget that you already made 20% on the trade. That pain overpowers everything.
Well this, as with many other things, is just a bias.
Let me tell you about this bias. It's akin to to 90s films where Hero was like:
जो तुम मेरी ना हो सकी, तो किसी और की भी नही सकती।
(If you can't be mine, you can be anyone else's too.)
And the only solution to get out of this bias is AWARENESS. Be conscious about it whenever you feel it next and tell yourself that it's a wrong line of thought. And remember, a stock price was moving before you entered and it will keep on moving after you exited.
You are here to play setups, not to get entire move of the stock. So, even after booking at 600, if you get a setup at 900, buy it again. No biases.
~ TFS (Nishant)
18.5K views05:03
