Well, remember, trading a stock is like nurturing a plant so it can be days before you can see the result.
1) When entering a stock, remember that though technical analysis that you have done showing uptrend, it could take few days before it can show results.
2) The stock can turn reversal to your analysis if outside market factors has more influence on this stock but always remember to plan well before entering a stock.
a) Have an exit plan
b) Why you enter the stock?
c) How would you see the stock in xx days ?
d) If it turns against you, what will do you?
e) How much you intend to buy and holding power?
f) Do you ready to do spreading with averaging down, if not , what is the reason? if yes, what is the reason and averaging price that you will enter?
3) Do not chase a stock as you will be caught off-guard by this.. (Though sometimes you may be riding the right wave and exited well) But if you think the stock can still be on uptrend, study it and know why it is active stock and do entry and exit plan.
4) Do not let emotional goes against you whether sell too early and the stock keeps on climbing but rather study why you exited earlier (Do a post-mortem on it) and you will be well guard in the next stock trading.
Till then,
Star-Trader
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