I think stock investment ain’t for me cos I keep making losses. I keep investing, with the hope that things could get better or something, it never does. I’m thinking of quitting so I don’t lose more money anymore.
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I think stock investment ain’t for me cos I keep making losses. I keep investing, with the hope that things could get better or something, it never does. I’m thinking of quitting so I don’t lose more money anymore.
Actually, maybe you should. You see, not every one is cut out for stock investments. However, you have two genuine options here: save your money and do something else and the second option is to re-evaluate your investment or trading methods, for all your positions, and consider your entry and exit conditions and observe whether or not you have met them or if perhaps how they have changed. Do you really need to stop trading entirely or are the positions that you are in simply wrong and you just need to find better ones? Cutting losses and finding new ideas is a good thing. If you didn’t already have entry and exit conditions sorted then you really should just bail on them and stop suffering. you need to re-evaluate and either exit, do nothing, or add to the position. You have to do the hard work of making that decision.
If you are suffering in the stock market, it is by your own hand, and only you can stop it. And there’s no shame in stopping the suffering!
Even if you’re going to quit, you should first understand why you are losing. Pull all your records and analyze them one by one. Write down your rules for buying and selling. Now, check if all your buying and selling comply with rules? If yes then change the rules. You have to study more to create favorable rules which have a high probability of success. If no then it is important to follow laid down rules. Increase the duration of a trade or decrease quantity etc to have balance. If you do not beat index or inflation for a decade then consider investing in index funds.