I consider myself as a long term investor and would typically prefer to hold and average down during times of opportunities. However, looking back at 2020 plunge, then 2021 crazy highs followed by the crash after that, I learned that it is important to take profits to lock it in. If the stock or ETF then experience weakness, that would be the opportunity to buy it back it. This is even more so for China/ HK stocks that are more volatile than US stocks and the highs are shorter than the lows. This led me to take profit in the surge in HK stocks last year. If I could go back in time, I wished I had taken profit in 2021!
# Tiger Friday

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet