It’s often said in the market that knowing when to sell is more important than knowing when to buy!When to buy? Be patient when buying, but decisive when selling.In many cases, when we buy a stock, we’re actually buying into an expectation of the future. But when we sell, it should be an act of decisive harvesting.Why patience when buying? Because the stock you buy represents your conviction in the market. That conviction should come from a comprehensive understanding of valuation, growth, and intrinsic value. Once you’ve bought it, you should have enough confidence to hold and wait it out. As the saying goes, “If you believe, believe early; if not, don’t believe at all.”We’ve previously discussed how to use technical indicators to identify entry points—let’s also take a look at what other
Do You Have Your Own Take-Profit Strategy or System?
It’s often said in the market that knowing when to sell is more important than knowing when to buy! Be patient when buying, but decisive when selling. Even if you know the stock will probably rise again tomorrow, you still need to stick to your trading strategy and sell. Do you have your own take-profit system or strategy? What technical indicators do you use? Do you find profit-taking system helpful for improving your performance?
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