Trading Psychology 101

[SilentWolf]

That's a good question Mithras. I'm just speaking for myself; I've never considered myself a pumper or a basher. I comment on stocks I own and sometimes on ones I don't own, but I never try to entice people to buy or sell. I try to stay objective and quote company statistics and facts. When I do make opinion statements, I label them as my opinion. I also never make price per share predictions.

As far as feeling guilty; no I don't feel guilt when I sell and the stock goes down. Like I said, I've been doing this for several years now and I've been on losing side of many trades. I'm pretty sure nobody was feeling guilty for me then.

Guilt, just like falling in love with a stock, fear of losing or missing out, and greed are emotions that don't serve a trader well over the course of a career.

It may sound awful, but I view trading just like a sport, and if you are feeling guilty after winning a game, it doesn't bode well for your future success.