When your trade go against you, don't chase losses. Cut your losses early. As for me I am willing to lose $2662 of profits without losing my initial capital. Always play with your profits. As they say "Cut your Losses Short and let your winners run" Have a great evening everybody [Happy]
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.
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