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]
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.
- bwjx·2022-09-18TOPBest to paper trade to put your skills to test first before live trading. And even if price drop don't panic sell immediately. Think lots of people who traded on Friday would learnt it well. [Happy]1Report
- AE2·2022-09-16Everything is down because of market sentiments, not fundamentals3Report
- ___ _·2022-09-16I'm not so lucky. when i try to buy in hope of riding the wave up, i often discovered myself sitting on mountain top cos I've caught the summit [Pitiful]3Report
- JC888·2022-09-17Will it go higher than the high price bought? That's a flawed assumption in itself no? What if....2Report
- GamerNoLuk·2022-09-16In a way make sense, but exercise good sense and DD alongside with this line of thought. Trends are impossible to predict, and to bet on upward trend is a hit of a gamble too.2Report
- ___ _·2022-09-16because your name is highhand so u support buy high [serious]2Report
- smee·2022-09-17yes this is a good reminder2Report
- Sammyboy88·2022-09-16DOes ARK has fundamental?2Report
- AndreaClarissa·2022-09-16Cathy Woods is a special woman and we'd better not buy ARKK at this time.2Report
- PenelopeHood·2022-09-16yes you are right! Before we sell the stock wo hold,we don't lose our money.1Report
- Veldora·2022-09-16In long run, tech will grow.[Happy]1Report
- Nutiyagon·2022-09-19S1Report
- Newcomer007·2022-09-18like2Report
- jellyhearts·2022-09-18👍👍1Report
- WillsonToh·2022-09-17L2Report
- leederong·2022-09-17Good read2Report
- ekwee75·2022-09-17[Happy]2Report
- SiFu·2022-09-17Good sharing1Report
- JCWOO·2022-09-17Ok1Report
- EKOS·2022-09-16shopping time1Report