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clock Created with Sketch. 12/09/23
20:53
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Originally posted by kokoro:
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Sometimes the best option is not to continue, but to discontinue, and that can take quite a bit of courage too. I am not telling anyone what to do with their NVX position, however, I am saying that everything depends on the context. When it comes to investing in the stock markets in general, it is not only important to know when to open a position, but also when to close it. This is especially true when it comes to trading and/or dealing with risk assets. Ideally, one shouldn't open a position without having an exit strategy or a risk management of some sort in place. I know from my own personal experience that closing one's position, especially when you are new to the game, is much harder than opening one. As a newbie, there's always this hope in the back of one's head that maybe I will be able to come out with gains, but more than often it is this optimist in your head that is leading you astray.
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Fair advice mate. I have to think hard on this one
(20min delay)