I’ve been trading stocks and cryptocurrencies for more than ten years, and I’ve never used a full-position approach. I like to keep enough cash flow in my own account to give myself a strong sense of security.
Keeping cash is for the purpose of waiting for a panic sell-off or a major market crash. As long as the stock market drops sharply, I’ll take action as quickly as possible, and then gradually add to my position.
I only buy stocks that I’m very familiar with. If I’m not familiar with a stock, I don’t buy it—ever, not even a single cent.
Of course, for the stocks I’m confident in, I’m also willing to take a heavy position. How could a good stock make money if you don’t have enough shares?
I like to add to my position during the panic. I add, and then I wait until the market rally and slowly reduce my position.
After adding, it may take a very long time before the market rallies. That’s fine—I’m willing to wait patiently.
Waiting is the norm of investing. Wise people must be patient.#股市 #投资之路
Keeping cash is for the purpose of waiting for a panic sell-off or a major market crash. As long as the stock market drops sharply, I’ll take action as quickly as possible, and then gradually add to my position.
I only buy stocks that I’m very familiar with. If I’m not familiar with a stock, I don’t buy it—ever, not even a single cent.
Of course, for the stocks I’m confident in, I’m also willing to take a heavy position. How could a good stock make money if you don’t have enough shares?
I like to add to my position during the panic. I add, and then I wait until the market rally and slowly reduce my position.
After adding, it may take a very long time before the market rallies. That’s fine—I’m willing to wait patiently.
Waiting is the norm of investing. Wise people must be patient.#股市 #投资之路