Between selling air to pick up big gains from shorts and long-taking profits while also risking a pullback even to the point of liquidation, choosing to lock in profits and take them off the table is the best strategy.#sol
Know what assets are, what liabilities are (leverage), what cash flow is, when to move forward, and when to stop. Real wealth masters are never the ones who take risks forever, but those who know how to control risk. Earning money is a skill; being able to protect wealth is wisdom; and being able to let wealth grow continuously is a mindset.
Life is like rolling a snowball. What matters is to find very wet snow and a very long slope. Life is akin to rolling a snowball.What matters is to find moist snow and an endlessly long slope.
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