Knowing when to get out is the hardest part for me. I’ve watched gains slowing get eaten away it is the worst. My new rule is up 50% sell 25%.
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Knowing when to get out is the hardest part for me. I’ve watched gains slowing get eaten away it is the worst. My new rule is up 50% sell 25%.
Everyone has that problem because it is very hard to time the market. The only way to win in the long run is to take greed and emotions out of the equation.
That’s why I have a few rules that have been forged in my failures and successes. Another rule I live by is averaging into a position. I’ve been burned by buying an entire position at once.