Editor's Note: Don't miss the 4X Stock Booster Summit featuring Oxford Club Chief Investment Strategist Alexander Green and Chief Income Strategist Marc Lichtenfeld! In this special event - airing September 23 at 8 p.m. ET - these two experts interview the man who used a unique system to completely avoid the COVID-19 crash... and show how their Members can score up to 4X MORE on all their regular trades. No leverage... no crazy gimmicks... just a powerful strategy that can transform your investing for good. Click here to learn more and register for the virtual event. - Karim Rahemtulla, Head Fundamental Tactician, Monument Traders Alliance
"Follow these simple steps to avoid watching your gains evaporate in the event of a big downturn." Marc Lichtenfeld, Chief Income Strategist, The Oxford Club Against all odds, 2021 has been a fantastic year in the stock market. Year to date, the S&P 500 is up about 20%. And if you were smart enough to buy during the downturn in March 2020 or the recovery that spring, you are likely sitting on some big gains. But buying is the easy part... even if you looked disaster in the face as stocks were tanking and had the guts to buy during that crazy time. Buying is always easier than selling. When we buy stocks or other investments, we feel hope and optimism. It's a pleasant experience. We may even daydream about what we'll do with our profits. Selling is the opposite. If we're selling for a loss, we are acknowledging that we were wrong and taking an action that will cause pain. That is very difficult to do from an emotional standpoint. But even if we're selling for a win, big ones included, it removes those positive emotions we had when we bought. We'll always question whether we're getting out too early and leaving more gains on the table. Making the decision to sell is just plain hard. That's why I try to never let my emotions play a role in my selling decision. I have an exit plan from the moment I enter a trade because emotions will almost always lead you down the wrong path. |
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