Samuel Johnson - "Between falsehood and useless truth there is little difference. As gold which he cannot spend will make no man rich, so knowledge which he cannot apply will make no man wise."
Knowing what is enough for us will help to set profit target and understanding that paper profit will make no one rich so we have to be far better at selling than at buying.
Realized profit is real money and can be used to buy more stocks when stocks pullback or buy more lower price stocks to achieve compounding effects.
When stocks are more volatile, it is even more important to learn the art of selling and to overcome seller's remorse and price volatility may actually help to provide us with good opportunity for buying and selling.
Investing in stocks is a lot like lending your friend money - Note: This article is a collaboration between The Good Investors and The Woke Salaryman. It was written by me and edited by He Ruiming. An earlier version ...
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