Newbies, my two cents.
Never, never, never enter a trade emotionally. You will always lose money.
Like averaging down a stock you like when it tanks just to show you are right and the market is a fool.
Or taking profits right away because you are afraid of losing it, without looking at the chart to decide whether there is more upside left with small risk.
Buying because you hear somebody that a stock is hot, so you just jump in before it explodes without looking at where the stock is in terms of technicals.
I have done all these mistakes. they have costed me money all the time.
The secret instead is to buy and sell when you hate doing it. That is the time that you are going to buy at the bottom and sell at the top.
Good luck.
Sat.
