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Learn to take profits.
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I commented here about a week or 2 ago about my plan to take profits close to it's new ATH. I was downvoted and people said I was playing a dangerous game. Been invested in Matic since the May crash and missed countless opportunities to cash out profits and buy back even cheaper. Told myself I wouldn't miss this opportunity again because I knew eventually there'd be a dip, correcrion, flash crash or black swan event. I'm so glad I didn't bitch out. I sold about 5% below the ATH. I cashed out a substantial amount and reinvested the rest and got more Matic than ever. Once I read about the FOMC minutes being released today, I sold and obviously the market is tanking. Now I have even more cash to enjoy and I'm buying back even cheaper. Learn to take profits people. No point in your portfolio going up and down and up and down and you staying in the same financial position. Be smart. Learn about historical resistance and support levels and trade accordingly.

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Posted
3 years ago