Too Much Hype Can Kill You: Idea on How to Consider a Trade

Here we go, another reading about stock hype. Just re-sharing in my blog.

Whenever we go to groceries to buy pork, fish, vegetable or canned goods. We always do meticulous check whether it’s in pristine quality or not. When we go shopping may it be new for a new shoes, shirt, bag or gadgets. We make sure that it’s in 100% mint condition, no dents, no defects whatsoever. But, why is it that when we buy a stock. We just buy what we we’re told to without even raising a question.

This story goes to all who doesn’t know what their doing here in the Market.

Victims of Hype in Philippine Stock Market

This was shared in Facebook and seems to be worth noting. Apparently, I am myself attest that there are a lot of hypers in all social media such as Facebook, Twitter, Instagram and etc. It's hard to filter who is saying correct or not but what I can say is educate yourself so that there is no need to be swayed by some Experts kuno. Be the master itself and stop being a newbie.

VICTIMS OF HYPE

By: The Responsible Trader

Part 1: Intro

                Most of the time, we have been approached to help traders whose trading accounts are either  “IPIT” (trading account caught in a bad position) or “SUNOG” (trading account burned) saying that they got into the situation because they are VOH – Victims of Hype.  We would like to state that we are not purporting ourselves to be trading doctors who hold the panacea for all trading ills.  We try our best to share knowledge and information to help traders but we definitely cannot save a dying trading account.

                An ounce of prevention is better than a pound of cure.  To avoid getting burned, we offer the following advice.

                Your first Buy into any stock, either blue chip or speculative should be a test buy, never an “ALL IN”, whether you generated the trading idea on your own or it was given to you by a guru. Much more so if you got the advice from a guru.  The most irresponsible advice I have seen from a  guru is to go ALL IN (unless your guru tells you he has reliable inside information).

                Why do a test buy?  You never can tell whether the position you are taking is going to be a “Good Buy” or a “Good-Bye.”

                What do we consider as a “Good Buy?”  If  your test buy moves in your favor by 3% to 5% within 5 days,  then you may consider adding in tranches.  What do we consider as “Good Bye?” If your test buy moves against you by 2%  within the same time frame you can say “Good Bye”, cut your losses and limit it to just perhaps your “burger meal” budget.

Sintomas daw ng Addict sa Stocks

1. ayaw nya ng week end

2. 8 am palang gusto ng buksan ang market
3. naiinis na si mimis kasi ayaw siyang pansinin pag open ang market
4. wala ng time kausapin ung asawa kung meron man, stocks padin ang pag uusapan.
5. hanggang sa panaginip stocks parin
6. pati prayer " sana tumaas ang stocks ko bukas''
7. tambak ang trabaho sa office pero stocks parin inuuna.
8. nag lalaway pag nanakita ng green at alergic sa pula as in kahit anung uri o bagay n pula

9. UTI ang karaniwang karamdaman

10. gusto nya parang forex 24/7

11. Madalas nakatitig sa mobile o monitor

12. Facebook groups related to stocks ang diversion

13. Ayaw ng holiday

14. Kahit graph ng sales ng companyang tinatrabahohan nya, candlesticks hinahanap

15. Mas gusto pa Stocks kesa Sex!

16. Kahit lugi at ipit na stocks pa rin

17. di na makakain, di na maka-tulog

18. Madaling araw na tumatambay pa rin sa TAP

19. Gumagawa ng fake account para makapang-hype lng ng ipit niyang stock

20. Kinukupit mga index cards ng mga bata para gawing notes

21. Hyper. Post ng posts sa FB tungkol s stocks. Mukhang pera at gusto mabilis yayaman. Parang networking o pyramiding