3Wk·

Partial sale and profit taking

I have sold $DRO (-2.77%) sold almost half of my position and took profits.

$DRO (-2.77%)
$ONDS (+3.62%)
$KTOS (+1.77%)

30.09

DroneShield

Sold at €2.965

14 Comments

Yoshika 🦋.@Yoshika

3Wk

Let profits run, cut losses.

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All-in-or-nothing@All-in-or-nothing

3Wk

@Yoshika and no one has yet become poorer from profit-taking. Are we done with the truisms? 😅🤷🏼‍♂️

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Yoshika 🦋.@Yoshika

3Wk

@All-in-or-nothing
Limit losses, let profits run is not a slogan, but a statistic.

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Majid 📈.@Majid

3Wk

@Yoshika You're right, but the share has run very hot since the beginning of the year and I'm still invested in $ONDS and wanted to reduce my position 😊

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Yoshika 🦋.@Yoshika

3Wk

@Majid
I was only concerned with the difference between active capping vs. systematic management via stops. That makes all the difference in the long term. Position management is completely legitimate.

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All-in-or-nothing@All-in-or-nothing

3Wk

@Yoshika I already know that, but blanket statements about uninformative contributions are completely pointless if you don't know the seller's intention and portfolio structure😉.

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Yoshika 🦋.@Yoshika

3Wk

@All-in-or-nothing
Generalization is not a mistake with rules, but their purpose. Otherwise they would be anecdotes and not rules.

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All-in-or-nothing@All-in-or-nothing

3Wk

@Yoshika and what about investing (which, even if you do it completely unemotionally, can never do without an individual, personal component) with one of the biggest problems with rules:

Lack of differentiation. Rules completely disregard differentiation in terms of details and specific cases, which can lead to oversimplification.

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Yoshika 🦋.@Yoshika

3Wk

@All-in-or-nothing
Statistics works with rules, investors with context. They are not mutually exclusive, but complement each other.

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All-in-or-nothing@All-in-or-nothing

3Wk

@Yoshika and yet statistics provide you with probabilities and not guarantees. In my humble opinion, investors work much more often with fantasy than with context. Pricing in factors where the majority of future sales and profit effects are still completely obscure has little to do with context and much more to do with expectation and hope.

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Yoshika 🦋.@Yoshika

3Wk

@All-in-or-nothing
Statistics are not a certainty, but at least they create a healthy distance to one's own wishful thinking. Expectation without a set of rules is hope, and hope is many things, but it is not an investment strategy.

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Maximilian@Max095

3Wk

A little too early 🙈

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Majid 📈.@Majid

3Wk

@Max095 jop, but I still have more than half of my position 😊😅

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