Different stratrgies for different trades' objectives; swing trade or day trade or short trade are more unstable market's climate; but long term (hold for 2 to 5 years) traders, the basic requirement is to ensure to study well for the investing company. Fundamentally, either short or long term traders should know well how to apply the skills, techniques and knowledges in trading (e.g. how to measure the chart and the MA Trend Lines)
Cut Loss Timely or Let Profits Run: Which is Easy For You?
The most challenging part of investing is often the test of human nature. After buying a stock, if it drops, will you promptly cut your losses and sell it? If the stock rises, will you immediately take your profits? Both timely cutting of losses and letting profits run require investors to have a strong mindset.
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.
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