To all the people who sell stocks immediately once they rise, in expectations that they’ll buy again at lower levels, here’s what usually happens.
I personally don’t sell stocks when they rise.
I let my winners ride until it meets my targets levels.
Getting in & out usually makes your broker rich. Not you.
When you sell the shares & it goes down, most likely you won’t have courage to buy when it’s falling.
You’ll wait for it to fall more in ‘hopes’ of buying at perfect bottom (which nobody can always catch).
And then you just stand there waiting & regretting while the stock recovers & usually goes up above your selling price.
This I speak from listening to countless of investors experiences.
You have to acknowledge that stocks aren’t going to fall or rise, forever. There is going to be volatility & you can’t time it every single time.
The most common mistake in investing is selling out too early before your target price is hit, in expectations of buying the same business at low prices.
Wise people learn from mistakes of others. Be wise.
