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A week has passed—does your account balance look any better? I’m sure many investors already have their answer.
This week, U.S. October PPI came in below expectations, rising 0.3% month over month and 6.5% year over year. Inflation showed signs of cooling, but market bets on a 25-basis-point rate hike in December climbed to 91%, and the market remains full of uncertainty.
In a market like this, the most worthwhile thing to do over the weekend may not be to keep chasing candlesticks, but to carefully review your trades.
Did you jump in this week just because you saw a big green candle? Did a big red candle scare you into selling at a loss? Did you set a stop-loss, only to tell yourself in the end, “I’ll wait a little longer”?
The most interesting thing about trading is that when you’re making money, you think you’re a Wall Street pro; when you’re losing money, you suddenly start studying the philosophy of life.
But truly mature investors aren’t able to predict the market every time. They know how to manage risk, learn from mistakes, and continually improve their trading discipline.
Take some time this weekend to organize your trading records, check your positions, and make a plan for next week.
Today’s question for everyone: #周末话题 #TradingJournal
What was the most worthwhile trade to review this week? What did you learn from it? And how much tuition did you pay?
Feel free to share so we can all avoid a few more pitfalls!$TSLA