Must Know Trading Psychology - Sunk Cost Fallacy! What to Do When Your Stock Positions are in Loss?!
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- Опубликовано: 18 июн 2021
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In this video, I talk about a major trading psychology - Sunk Cost Fallacy. Learn this to understand how to manage your loss making positions. This can help you become a better trader and a better person.
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I was in scenario 1.... Now I came out and running good business. Good video
Diversified portfolio for the second senario would be great 😂😂
Ha ha ha.
😄😄😄😄😄😄😄
😂😂😂
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Super! SUNK COST FALLACY! Best is to EXIT from the situation. We have lot of excellent chances which can be utilised in our favour. Thank you for the excellent session. Thank you once again!
Best video I have seen this month.. Not just for trade but personally I think understanding sunk cost fallacy helps in getting a bright and better future.
Next level man 👍🏻 really appreciated
As usual, simplest explanation through story telling, one of the best way of making others understand :)
Thank you so much..
for me what you have spoken is the need of an hour...
So this is best video on your channel so far !!
I am sure many more coming !
Great explanation and can really relate to many mistakes I'd made but never thought about from this angle.
Much needed concept for everyone...
My god what an explanation ! This concept is usefull not only in in trading but also throughout life. Thank you very much.
Thanks for this Sunck cost theory. Really, helpfull!!
Nicely explained, keep it up boss
That’s making great sense Sharique..Definitely helping🤝
Really beneficial.. Athishaktham... 🔥🔥🔥🔥
Always believes that bydoing trading with good mind set will earn crores of rupees.
Glad u r encouraging everyone towards trading in Options which is a high income earning space in Stock market.
Thanks bro.. This helps in taking right decision in life as well as stock market 🙏
You are the definition of motivation ❤️
Great Video ....Great Learning
Really beneficial . Thank you very much .
Need of the hours....Thanks you for your life changing video
Superb!! Very knowledgeable
Well said shariq... As I requested earlier, we need a perfect series in shariyah trading.
U are an amazing guy..... Full of energy 👍God bless u🙏.. Have nice height ahead
its very helpful, right time you sent us the message
Excellent message bro, that can be applied in both trading & personal life. Porinju Veliyath Sir also said the same concept that we must hold a share only if we are willing to buy that same share again, even if the price rises or fallen. We should have a strong reason if we continue to hold a share if its price rises or fallen otherwise we can say that its time to book either profit or loss.
Good information Sharique👍👍
That explanation! 🔥🔥🔥
Good, practical thinking suited for the situation.
Great and needed video sir
Athishaktham Ashane.. Very Helpful in the case of Adani Power. ❤️❤️❤️😘
Thanks so much Sharique...
Thanks, Good concept.
Excellent bro...thanks for the video.
waited lot for this topic, such a nice pick bro
As energetic as always!!! 👌
Sharukh ji , eth correct timil thanne anu vannath thanku
Very good lesson in very lesser minutes,അതിശക്തം 👏
❤️ from Andhra Pradesh,following SMS right from the 1st episode. Can't wait to learn fundamentals from you bro.
Thanks Sharique
Great explanation 💫
Nalla Experience und ee pandara Emotion. Thank you Sharique. Brilliant video
sentiments...
Aashan ji, Thanks for an Eye Opener. I got to relate to the scenarios you mentioned, with knowing what Sunk Cost Fallacy is, I can make better decisions that gives better output. ❣
Thank you fund folio team , helping me to understand sunkcost fallacy...
Sir, you are really hardworking.your passion for stock market is really wonderful. Hats of to you
As always Awesome👏👏👏 ❤
hi aashan, in life most of the time we cannot use this logic because the investment is not only locked with emotion but also with responsibility.......
thank you for comparing with stockmarket.
Thank you for the mental support
Very Very good and interesting 👍......your thoughts are strong wherever and whenever and whoever.....⚠️⚠️⚠️
Simply Amazing 👌
Shariq amazing great class. Simple example.
Thoughtful 👌🏼
vere level explaination🤘😍😍
A very important lesson in life and trading
Really good information 🤚
👏🏻👏🏻👏🏻👏🏻
Sunk cost Fallacy amazing .
Great video this video is worth ❤️💯
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Very good video sir.
Aashane the video is really helpful
U r great❤
Superb video ❤️
I just only takes swing positions in fundamentally strong companies also average only that stocks and i leave few stocks for long terms if i buy at cheap price..just takes rarely more than 10 swing position per month but happily makes 3 to 5% monthly consistently..
Which all technical indicators do you use? I just started swing trading from last week and is also investing in nifty 50s. But I am still in loss. Can you please tell me your process or just the indicators which you rely on?
@@noora4357 no
@@abhaysr3091 macd only ..you need understand market cycles first...don't take position if market at peak..just wait and watch out stocks..in my case i select stocks from nifty 50 top losser list weekly or monthly and find out why they negative if the stocks are strong and at lowest level Show some green candles after dip then i enter confirming it's a trend reversal using macd and aim for only 5% target because it's easy to achieve in a week...
@@sarath4302 Thank you. That was very helpful.
@@sarath4302 if we can use MACD & RSI that gives more confidence. I use these 2 indicators for my swing trades, and I am doing the similar profits like around 5%. Also, if you know that is stock is going to riase further I will hold the stock for 7-8% or some times till 10%. Max cap is 10% profits for my swing trades, after that I will exit from stock though it has chances to grow more. Every one have different strategies for trading. Make your own strategy which work for you. Always it is recommended to use min of 2 indicators to take the position. Also, follow strict stop loss.
Man you are amazing 😻
Yes, it is general confusing stage, after hearing this video we are better condition to take decision
Good information
Pwoli sadanam🥳as always Athisaktham 🤟
Excellent 👍
Thanks dear
Well said.
Thank you brother
You are the best advicer bro
Thank u dear
Thank you👍 Much needed advise for me as a beginner
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Nice video👍🏻
Aashanee.. Was waiting for this... 🥰
We are waiting for more psychology based videos.. very useful bro.... ♥️♥️
Hi Sharique, i think you should definitely think about entering into the education space since your keen interest in gathering and disseminating knowledge and information in a very practical manner is something the Indian education system lacks and i believe you will do really well if you scale up and take financial literacy to the national level.
Super!
@@aruldosschristopherBHEL likeitasuseful
Absolutely
Well. Said.. Sharq
Very very useful....athishaktham....🔥🔥🔥from mulanthuruthy.....🔥🔥
Valuable information ❤️❤️
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Correct advice
Aashaan at the right time🔥👌
Worth it 👍👍⚡⚡
I read this concept in book 'thinking fast and slow'.. my take is..
1) it is quite difficult to predict upfront that whatever we are investing will be a 'sunk cost'.
2) it's human nature to hope and be patient and yes it does help many a times in different scenarios.
3) Though in stock market scenario this concept is useful; but out there in real life, it's not as easy to apply or act on this concept.
However sound and theoretically perfect this concept looks, it needs to see many more facets of real life and human psyche. It needs suppliments or elaboration.
Perfect🔥🔥
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Very good video
100% True... I did this mistake so many times
Well explained.
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Great 👍
Thank you for sharing 🙏
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Good one bro!
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Hiiiii...Sharique.... Very useful informative video... Thank you very much for that... You are so Great Sharique... Your presentation too... Allah Bless you always Sharique.... 👍👌❤🌹🥰🤲🤲🤲
Thank you
Sunk cost fallacy influence to take bad decisions. Thanks for info
Very fine sir
Adipoli 💓💓💓
Nicely explained 👍👌
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I noted the name 'sunk cost fallacy' from last meetup on clubhouse 😀😀😀❤❤❤🔥🔥
For the sunk stocks I feel fundamental analysis should be preferred over the technical analysis for rational decision making. Based on this you can decide to either further accumulate or quit the trade by cutting the losses. The thing which in my opinion is even more challenging is that if the falling trade turns into your favour then how much profit you should book over it? either to close it immediately or wait for more profit. If you close the deal immediately you will feel regret about your decision and if you will not you will remain stressed that the stock may not become sunk again. Please guide and thanks for the nice video made with full energy 🙂