Profit taking is an acquired skill. Most early traders or investors struggle with profit taking. Sometimes, after taking profit, the price keeps going higher, making them feel like they’re missing out. Other times, they don’t take profit then the price crashes and they lose all their profits.
One of the biggest struggles for an early investor is to hold their investment through some pain. It’s not fun to see the paper value of your portfolio go down day after day for a prolonged period. After a while, it can become difficult to have faith in your investments. […]
When to sell a stock? That’s a question that differentiates experienced investors from beginners. Selling too early can lead to massive regrets when the price goes parabolic after you sell. On the other hand, holding a stock for years hoping for the price to go up isn’t great either.
You might be wondering just how difficult can it be to buy and hold a stock. After all, the idea is to buy and then do nothing. Why do you need a strategy? If you’re asking that question then you’re probably new to the stock market. Or you’re a veteran […]
One of the most common advice to profit from the stock market is to be diversified by investing in an index fund. While that is not a bad strategy for most investors, for those who want to really build wealth you will need to go against the grain. Diversification is […]
Investing in world-changing companies often means you’ll be dealing with many unknowns. The technology and business model are both unproven. So, a clear path to success isn’t paved out for the company. Depending on when you invest, there will be a massive difference between the upside and risk.
One of the most common mistakes that investors run into is blindly following what other successful investors do. They might be able to win a lot doing that, but the moment they are left on their own the good time comes to an end. Usually, the missing piece of the […]
When it comes to investing or trading I am sure you want to be on the winning side. However, the reality is that for there to be a winner there needs to be a loser on the other side. To increase your odds of winning you can leverage micro and […]
When it comes to becoming successful in anything you do, one of the most important factors is the mindset. If your mindset is not in the correct place then that would lead you to do things that are not optimal without you realizing it. The same can be said for […]
Everyone got to start somewhere. There might be some painful and expensive lessons. Then there are times where you get lucky and learn from someone else’s mistakes. In this post, I want to go over 6 mistakes that early investors tend to make so you don’t have to. And yes, […]
