Theoretically, when you don't sell, it means you have not loss any money.
By that logic, buy high is better than sell low. Why?
*BUY HIGH*
Buy high, you still can sell higher! That's how Momentum Trading works. You will need to buy at an uptrend to ride the up wave and sell when profit margin is reached.
Catch a falling knife - A common mistake of buying low for trading is that you could be caught in a downtrend.
At the end of the day, if you don't plan to hold the investment for long term, you will end up buying low and selling lower... [Facepalm]
*SELL LOW*
By default, I choose to think that no one can catch the bottom. Hence, buying "lower" and selling "low" for profit is usually hard to execute - not a realistic scenario [Blush]
The only reason to sell low and cut losses happens when the money invested can generate better returns somewhere else, or to savage a potentially disastrous investment going to zero (or close to zero).
If fundamentals of the investment remain unchanged and sound (assuming you did due diligence), the low price is probably due to the macro enviroment and its inherent volatility. For this case, absolutely NO reason to Sell Low!
*ARK INVEST*
Cathy Woods is different from most of us retail investors.
She is managing a portfolio of funds. We don't know her investment considerations and trading rules when she takes losses to reinvest across different companies.
We can observe her trades to check out companies of interest, but definitely not copy her methods wholesale.
These are just my throught on a lazy Fri.
Quad watching day today? More volatility, I guess [Gosh]
@TigerStars@Tiger_chat@MillionaireTiger
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