$Vinco Ventures, Inc.(BBIG)$ Sad truth: People trade with emotions, a slight drop and we panic. Nonetheless my advice would be if you are afraid to sell or feel that you want to take profits now, feel free to do so. You should be free to do whatever you want to.
One rule I always tell myself is to diversify. This basically means to not go all in on one stock but many stocks (so if one drops my whole portfolio doesn’t look like a graveyard). This is called risk management. Diversifying can also include investing in different sectors as compared to putting all your cash in Bitcoin mining or EV companies only.An additional rule is to have discipline and set entry and exits strategies and prices, and not “hope for the best”.
As we all know (or some don't), September has always been a red month throughout history, and this situation will most probably repeat itself because we trade with emotions not logic. What is SAD? It stands for Seasonal Affective Disorder (which basically means feeling depressed, low energy, having problems sleeping, etc). That being said, you can choose to look it the other way round. What do I mean by that? In simple terms, if you are looking to buy stocks which you have been eyeing on for months to find a cheap discount, this is probably the best time as it only happens one month per year. If you are thinking "What? My whole portfolio is down, and you want me to buy more?" Then I will tell you that this is a mindset of a beginner and you will need experience. How much does experience co
$Mullen Automotive(MULN)$As I always mention, remember to take your profits before someone else does. My target price is still $6 but I have sold a couple of my shares, will left the profits run
$Support.com(SPRT)$ Why are shorts winning? Because hedge funds have more money. How do we win? We need to focus. How do we focus? When there is a sale, people will shift their focus to the sale.