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Emotional Phases of the Beginning Domain Investor

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Future Sensors

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  1. Excitement: “I’ve found the perfect domain name! This is going to be huge!”
  2. Optimism: “I’m sure this domain will attract buyers quickly.”
  3. Euphoria: “I’ve received my first offer! This is amazing!”
  4. Anxiety: “Why hasn’t anyone else shown interest? Did I overvalue it?”
  5. Denial: “It’s just a slow market. The right buyer will come along.”
  6. Fear: “What if I can’t sell this domain? Did I make a mistake?”
  7. Desperation: “Maybe I should lower the price or accept any offer.”
  8. Panic: “I need to sell this domain now, even if it’s at a loss.”
  9. Capitulation: “I’ll just sell it for whatever I can get.”
  10. Despondency: “I lost money on this domain. Maybe this isn’t for me.”
  11. Hope: “I’ve learned from my mistakes. I’ll do better next time.”
  12. Relief: “I’ve sold a domain at a profit! Maybe I can succeed after all.”
  13. Optimism: “I’m ready to invest in more domains with my new knowledge.”

Remember:

Slow progress is better than no progress. Stay positive and don't give up.



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The views expressed on this page by users and staff are their own, not those of NamePros.
This is the difference between making your first big sale and losing it all on buying crap names, and actually using it to build a strong portfolio:

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Thank you very much @Future Sensors. I went through 6, 7 and 11 of these phases... I hope to skip the others...:giggle:
 
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day traders and a lot of others have the same pattern

1. Excitement: "I've found the perfect stock to trade! This is going to be a big win!"
2. Optimism: "I'm sure this trade will turn profitable quickly."
3. Euphoria: "My position is in the green! This is amazing!"
4. Anxiety: "Why isn't the stock moving as expected? Did I misread the signals?"
5. Denial: "It's just a temporary pullback. The market will turn around soon."
6. Fear: "What if I'm wrong about this trade? Am I going to lose money?"
7. Desperation: "Maybe I should adjust my stop loss or take any small profit."
8. Panic: "I need to close this position now, even if it's at a loss."
9. Capitulation: "I'll just sell everything and cut my losses."
10. Despondency: "I lost money on this trade. Maybe day trading isn't for me."
11. Hope: "I've learned from my mistakes. I'll do better on the next trade."
12. Relief: "I've closed a trade at a profit! Maybe I can succeed at this after all."
13. Optimism: "I'm ready to enter new trades with my improved strategy."
 
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A month into this and have already gone through half of these. Hoping to be more patient and careful from now on.
 
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