4 questions to yourself before opening a position on
$NVDAB or
$TSLAB :
1. Am I entering because I see a pattern, or because I'm just bored and want to “be in the market”?
2. Have I calculated the possible drawdown in dollars—not just percentages—and am I physically ready to see that number in the red?
3. Am I trying to “win back” a past losing trade with increased leverage?
4. If the price moves against me right now, do I have a clear exit plan, or will I again become an “involuntary long-term investor”?
Pause for 30 seconds before every click. In 80% of cases, this will save your deposit from impulsive nonsense. Write in the comments which question makes you sober up the fastest?
#bStcoksCIS @BinanceCIS