Once you get hooked to investing, you are always looking for the perfect wave to ride - the right stock, at the right entry price, exiting at the perfect time!
Some really good practical advice in there Saurav. Thanks for sharing. What is your view on how best to book profits without drawing down on the winners too early?
That is always a tricky one. I have realized through my own mistakes that it is good to book profit in chunks.i.e. If the stock has gone up considerably first exit 25%. Continue to monitor, if it breaks below a recent low price you can exit the remainder but if it continues to rise hold till you let go the next 25% and so on. Most stocks that get over-extended from their trend line come back to them over a period of time. Again no perfect answer but I have realized booking profits is as important as the hope of holding on to potential gains.😀
Good stuff man!
Some really good practical advice in there Saurav. Thanks for sharing. What is your view on how best to book profits without drawing down on the winners too early?
That is always a tricky one. I have realized through my own mistakes that it is good to book profit in chunks.i.e. If the stock has gone up considerably first exit 25%. Continue to monitor, if it breaks below a recent low price you can exit the remainder but if it continues to rise hold till you let go the next 25% and so on. Most stocks that get over-extended from their trend line come back to them over a period of time. Again no perfect answer but I have realized booking profits is as important as the hope of holding on to potential gains.😀