Some of us may like to sell part of of our position to take partial profit in the bull market e.g. sell XX% as our profit taking strategy.
Uncle8888 doesn't like to downsize on his initial positions when these stocks are sitting on wide margin of safety with dream of yield.
In our lifetime in investing; how often can we get that many stocks so right!
Not many. Right? So we happily cut some because the stock market volatility has made us so nervous and lose our sleep. When is stock market NEVER volatile? We must be mentally and financially prepared for market volatility throughout our lifetime in investing.
We remember these wise words "It's not whether you're right or wrong that's important, but how much
money you make when you're right and how much you lose when you're
wrong." ~George Soros
How does Uncle like to take his profit during the Bull market?
Buy more of itbut at much smaller position during Bull marketto take partial profit!
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.