• oppy1984@lemm.ee
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      22 days ago

      Only if you need the funds short term, if you are a ways off from needing the funds then hold what you’ve got and start building a cash reserve to buy more shares when it’s low.

      • bluewing@lemm.ee
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        22 days ago

        That’s what most people don’t get about investing-- there is money to be made in both market directions. The rich understand that.

        • oppy1984@lemm.ee
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          22 days ago

          Yep, when I started investing about 20 years ago I read as much as I could, one thing that always stuck with me was a Warren Buffet quote “be fearful when others are greedy and to be greedy only when others are fearful”.

          That’s generally how I approach investing in stock and Bitcoin. There are exceptions of course, but that’s the general plan. This stock or whatever isn’t failing, it’s on sale.

      • QuarkVsOdo@lemmy.world
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        21 days ago

        I think setting a stoploss and then just stay in/ cash out automaticly is also completely viable (as long as your trading fees of cashing out and re-enter are well covered by total earnings so far)

        Taxes are another thing though.

        • oppy1984@lemm.ee
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          20 days ago

          That is a totally viable method, it’s just not the one I want to pursue.

          Also, yeah I don’t even want to think about the taxes…