Strategic Profit-Taking: Selling Google for a 5% Gain
A disciplined approach to investing often involves knowing when to take profits. Today, I sold another batch of Alphabet (GOOGL) shares at $194, which I had purchased a month ago at $181. This 5% profit showcases the effectiveness of buying during retracements and selling when prices approach resistance levels. ๐ฐ
๐ Buying During Retracement
About a month ago, Googleโs stock experienced a pullback, presenting a solid opportunity to buy at $181. This price aligned with a technical support level, which often signals a good entry point for strong, fundamentally sound stocks. By acting decisively, I was able to capitalize on this temporary dip in a stock I already believed in. ๐
๐ Selling at a 5% Profit
Today, Googleโs stock hit $194, a price level that presented a reasonable gain and approached short-term resistance. Following my strategy of disciplined profit-taking, I decided to sell at this level, locking in a 5% gain. While the stock may still rise further, Iโm focused on steady, incremental profits that align with my broader investment goals. ๐
๐ The Power of Strategic Investing
This transaction highlights several key principles of my investing strategy:
1๏ธโฃ Buy During Dips: Identifying retracements in strong stocks allows for lower-risk entry points.
2๏ธโฃ Sell with Discipline: Setting realistic profit targets helps avoid greed and ensures consistent gains.
3๏ธโฃ Incremental Growth: Aiming for steady returns over time is often more sustainable than chasing big wins.
By executing this trade, I not only locked in profits but also freed up capital for future opportunities, reinforcing the importance of managing both risk and reward in a dynamic market environment. ๐ก
โ ๏ธ Disclaimer
This article reflects my personal investment experience and strategies. It is not financial advice. Stock trading involves risks, and investors should make decisions based on their own financial circumstances. If needed, seek guidance from a professional financial advisor. ๐
Small, consistent gains like this 5% profit on Google can add up significantly over time, making them a cornerstone of a sustainable investment strategy. ๐@TigerStars @TigerTradingNotes @CaptainTiger
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