I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Friday, 13 November 2009

Sell Is Not A Dirty Word

http://createwealth8888.blogspot.com/2009/10/whats-wrong-with-selling-stock.html

Stock Truism: Stock price will unexpectedly peak and reverse down.

Selling a stock is taking back your control over your investing capital.

Sell when you can and that is happy selling.  Sell when you have to or force to; and that is sour selling. Don't you enjoy happy selling?

Selling is part art, part luck, and part discipline. If you have no sell discipline, learn it and get used to profit taking by selling pieces of your winners and it is part of money management strategy. But, it is also important not to panic sell in a volatile market.

The biggest profit is to ride the trend, but can you really overcome your emotions to ride up the trend in a volatile market. Trending stocks by nature are more volatile as they attract too many bullish and bearish market players at the same time with opposing views.

Multi-bagger stocks make a huge difference to your portfolio returns; do you have any multi-baggers in your portfolio? If no, then you have not master the Art Of Trend Riding yet. There are many books on Mastering Stocks Trend available in NLB.
Posted by Createwealth8888 at 11:10
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
Related Posts with Thumbnails