Sunday, 19 April 2015
How To Take Partial Profit In The Bull Market???
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 it but at much smaller position during Bull market to take partial profit!
See for yourself.
But unfortunate event always seem to happen!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment