"I find profits in your pocket less stressful than profits on...

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Beave

5,988 Posts.

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12/01/22

14:57

Post #: 58807643
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Originally posted by raulhuynh ↑

I find profits in your pocket less stressful than profits on papers that's for sure! Like I said I was there on the same holding strategy with you mate, so I understand the psychology. Undeniably you must have felt wrench in the guts seeing the portfolio goes down, that's natural, nothing shame about that.
On the other hand, I admit there's greed kicking in your stomach seeing a stock keep going up after you get out. But I'd rather live with that more pleasant problem knowing I have pocketed my profits rather than seeing red colours all over my portfolio. To stop this greed feeling kicking, I have learnt to set profit targets and be happy once they are met.
It's all about psychology on stockmarket, regardless of trading/investing methods, don't you agree?

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"I find profits in your pocket less stressful than profits on papers that's for sure!"

Although this may be somewhat true, the problem cashing out in this environment is that having your money in the bank is giving you o% interest, the housing market and blue chips shares are at ATH so there's a risk on capital lose there if the world or local economics hit a brickwall.

I think AGY is still the best place i could have my money even though i'm sitting on 6 figure profits.

Last edited by Beave: 12/01/22

AGY Price at posting: 39.5¢ Sentiment: Buy Disclosure: Held
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