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