LEGITIMATE question: how do you buy when price is rising?

Discussion in 'Psychology' started by IronFist, Jan 2, 2022.

  1. Buying decreasing prices is super easy.

    Buying into an uptrend is the most challenging part of trading. I literally cannot do it.

    How do you psychologically do it?
     
    murray t turtle and qlai like this.
  2. Easy. Buy as a stock breaks above resistance and look at those charts. I dont like buying parabolic moves, although I somethimes do, I like steady moves up.
     
  3. deaddog

    deaddog

    The majority of my buys are at new highs. There is no one trapped above me waiting to get out at break-even.

    Stocks that become ten baggers make a lot of new highs.
     
    Petya, murray t turtle, Arnie and 4 others like this.
  4. Interesting. Have any example trades you've taken recently?
     
  5. buy and set tight stops if you can't handle a big loss. That's what the trend following gurus recommend, anyway.
     
  6. deaddog

    deaddog

    I trade the Canadian Market. BNS (Trades on NYSE also) on Dec 2 and SLS (TSE) on Dec 16
     
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  7. VEGASDESERT

    VEGASDESERT

    like this, after a really strong breakout, you can buy high its fine..

    here's a trade i took of nio from last thursday

    nio.png
     
    Last edited: Jan 2, 2022
    easymon1 likes this.
  8. ET180

    ET180

    Because I'm short calls and need to buys shares to reduce my delta. That's one way to adjust a position.
     
  9. JSOP

    JSOP

    LEGITIMATE question: how do you buy when price is rising?

    -You don't. You wait. UNLESS you psychologically convince yourself that the price will rise even higher after you buy. That's the only way.
     
    Gasparov, MACD, qlai and 1 other person like this.
  10. Easy. Hold your nose and pay up. The alternative is to wait for a pullback which may never come.
     
    #10     Jan 3, 2022