Hey folk
Alot of traders that bought stocks at a higher price in Asia market would panic when they see the down move in the US market right now. Probably most of them cant fall asleep. They are hoping that the market would recover as much as possible so that when Asia market open tomorrow, they hope again their holdings dont fall too much. If a run up occur like yesterday, they will be so excited and presume the market have will recover so that they can unload whatever they have.
These are emotions!!!
The killer of your cash or risk capital. The reason for killing you, and throw you out of the market in a short period of time.
Now as i am typing, DJI is down 346 points. A rare big down day.Worst of all, when Asia market gap down tomorrow morning. Traders that get emotions involve would hope again that the market would go up soon or overanalysis the situation to try to find a reason that maybe artificial to comfort themselves.
Or they might like to listen to some hopeful words of advise, like "is ok is going up soon". "The support is there...quite near the price now" or whatever reasons.
The market is always right. Dont 2nd guess it or try to find any other reason to comfort yourself to hold the position. Should have already cut lost. Dont hope!!!Because using hope or luck analysis will kill you outright.
