MHh
09-21
Definitely greed that stops one from taking profits. So, I have stopped trying to chase 10x opportunities. Every gain is a gain; better to gain less than to be a bag holder. I typically lock in gains when I see sharp rise in the stock price or when my absolute profit has hit a certain amount. Of course, I still have many times when I regret selling too early or too late. I recently sold of aunty Jenny at 165 but it rose to 180. I was glad that it has now slid back for me to re-ente my position. However, it is not the same for my trip.com because I sold it below 600 and it broke through it. Vision on hindsight is always 20/20. I regretted not taking profit when UNH was $350 because it has not hit my set profit yet. However, I do believe that it still has much room to grow so I will have the patience to wait it out for the profits.


At the end of the day, it is about managing risk and keeping to one’s convictions. @DiAngel @Universe宇宙 @Wayneqq @SPOT_ON @LuckyPiggie come join
[Event] What Keeps You From Profit?
We all know that sweet feeling of a trade going our way but somehow, taking profits can feel almost impossible. Why is that? Answer: want more profits! Are these scenarios also happening to you? “When I want to take profit, I hear a voice: it will go 10x. Then it turns red.” What keeps you from taking profits? Do you chase “10x” opportunities, or do you have a system to lock in gains? Ever regret selling too early or too late?
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Comments

  • Norton Rebecca
    09-22
    Norton Rebecca
    UNH missed $350 profit? Its room to grow makes waiting worth it!
    • MHh
      Agree![Miser]
  • Reg Ford
    09-22
    Reg Ford
    Greed kills gains,your "lock early" move’s way smarter than bag-holding!
    • MHh
      Also have times when I feel like I missed out on the potential for more gains
  • popzy
    09-22
    popzy
    I completely resonate with your experience.
    • MHh
      Thank you [Smile]
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