I agree that these questions apply to all trades; we need to know when to buy and when to sell. On top of that, we need to know whether we are trading or investing because that affects the horizon that we should have.
However, there are times where thinking ahead doesn’t work. For example, during the great liberation day and when covid first broke out, these are great times to buy quicky rather than to over-analyse the trade. So, sometimes we do need to let the gut take over and the heart to pull the trigger to make the trade. Sometimes, the swings are too fast that as long as the price is reasonable, it is time to buy. I think the US government shutdown might present the next opportunity.
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- Astrid Stephen·10-02TOPTotally agree! Gold’s $200 upside isn’t worth the huge pullback risk.1Report
- Athena Spenser·10-02TOPGut calls work! But I’ll wait for shutdown signals before pulling the trigger.1Report