Economist Jim Rickards Predicts Gold Price Exceeding $27,000 — Says: ‘It’s
Not a Guess. It’s Rigorous Analysis’ – Economics Bitcoin News
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Jim Rickards forecasts that gold prices could surpass $27,000, emphasizing
that this projection is not made for attention or shock value. Read More
32 minutes ago
Loss aversion ... cutting winners short.
ReplyDeleteKiasu mah ... Kekeke! Don't let a win turn into a loss haha.
Taking profit is ok, but ideally should be done when the asset is expensive e.g. within 10% of its highest historical valuation, or current valuation is +2 or +3 standard deviation from its long-term average.
Rebalancing is 1 method for this ... But not too frequent...
Or for trend followers ... when a predetermined trailing stop is hit...
Spur😁