Replies to post #7897 on Sugarmade Inc (SGMD)

[josbor8]

Don’t ponder your failed trades, that’ll snowball into shittier decisions.

I’ll leave you with a couple nuggets.

I’ve been caught trying to take some profit on a dead cat bounce and was too prideful to take a loss. It’s best to just take a loss then assume the stock will rebound.

I’ve done it where I was shorting a stock and was up a grand felt like it would continue so I adjusted my limit... ended up losing something like 3 grand.

Lastly to your prior message... make your trade and move on. If you use your past trades, whether negative or bad as learning experiences you’ll grow. If you use them as a daily reminder of your failures, you’ll become a part of the other 95% that fail.

I also found it beneficial to donate a percentage of my earnings to charity. Why’s that? For no reason other than you’ve been given this money for no reason other than you guesstimated that something would happen. God’s could have pushed the stock in another direction, so I usually like to do something.

All personal experiences though, but I feel like personal discipline is much more important than analytical discipline.