facebookIf you bought in at March lows and hold till the next big financial drop are you going to hold sell out some or all? And why ? - Seedly
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Anonymous

Asked on 07 Dec 2020

If you bought in at March lows and hold till the next big financial drop are you going to hold sell out some or all? And why ?

Just a hypothetical question, wondering what the community would do?

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3 answers

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Answers (3)

Jovan Lai

Jovan Lai

Level 7. Grand Master

Answered on 08 Dec 2020

This will depend on your approach. Trading vs investing.

I do both.

For my investing portfolio it's buy and hold unless it meet's a criteria for selling

  1. I lost confidence in the business (fundamentals no longer strong)

  2. Change in direction of business (moving away from expertise/moat)

  3. Extreme short-term overbought (optional)

For Trading portfolio

Enter and exit based on stratergies (trend is your friend until the end)

  • hit profit target, close

  • hit stop loss, close

No one can time/predict the market, always remain humble and reassess to let the market tell you where it's going instead of telling it where to go.

1

Question Poster

21 Dec 2020

Hey thanks for this jovan! real solid man! This is so helpful 👍

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

Buy more. Because we got "bullets" no need to sell to get $$$ to buy.

1

Question Poster

21 Dec 2020

Thank You!

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

Agree with YJ, buy more. When you look back in 5 years time, all these are just small dips...

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