Why it's important to take profits in a volatile market
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The stock market is a volatile place, and it’s important to take profits when you can to avoid losing money. Not only will taking profits reduce your overall losses, but it can also increase your chances of making a healthy return on investment. However, there are certain times when it’s not appropriate to sell stocks, and these are called “sell points. A rule of thumb is to sell stocks when they are at their peak and buy them back when they are at their lowest point. This way, you can minimize your losses while still making a healthy return on your investment.
Why it's important to take profits in a volatile market
Why it's important to take profits in a…
Why it's important to take profits in a volatile market
The stock market is a volatile place, and it’s important to take profits when you can to avoid losing money. Not only will taking profits reduce your overall losses, but it can also increase your chances of making a healthy return on investment. However, there are certain times when it’s not appropriate to sell stocks, and these are called “sell points. A rule of thumb is to sell stocks when they are at their peak and buy them back when they are at their lowest point. This way, you can minimize your losses while still making a healthy return on your investment.