1D·

Cyclical high reached?

Commodities and precious metals only know one direction at the moment. Gold and silver are chasing from record to record. Rare earths and raw materials are needed everywhere. Even BILD and other gossip media are reporting! It doesn't hurt to take a few chips off the table when things get exaggerated. Not that $RIO (+0.85%) is currently overpriced, but this cyclical looks like a top. And as the position in my portfolio has reached unexpected (and above all unplanned) proportions, it was reduced by 25% today.

26.01

Rio Tinto PLC

Sold at €77.01

8 Comments

Horsti@Horstiiii

I had already thought about it. But shouldn't you let profits run? 😉
Probably not a bad decision on your part.

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Kurz@MrKurt89

@Horstiiii I often have this thought process and dilemma too. It's a personal decision with many backgrounds. I also used the sale to increase my cash ratio so that I could act flexibly in case of doubt. And it was only a partial sale and not a complete sale😉🙋🏻‍♂️

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DocTrader@value_crafter_1628

I've already done that too. Rio is a real cyclical stock. Don't get annoyed if it continues to go up.... That's the classic. Enjoy the profit and that's that 😉

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NichtRelevant@NichtRelevant

11H

I think this will continue for a while yet. At the moment, we are not in a phase where the industry is calling up the maximum amount of raw materials for production due to booming economic development.

Nevertheless, no one has ever lost a position at a profit. Therefore: 👍

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Saarmupfel@Saarmupfel

10H

That's the reason for my stop-loss strategy :) Because I don't always have the time to keep an eye on the situation manually (sideline shareholder, hihi), I let my broker do it :-)

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NichtRelevant@NichtRelevant

10H

@Saarmupfel I think that's a good approach 🙂

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Saarmupfel@Saarmupfel

"Fear-mongers" like me simply set a stop loss :-)

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NoOneElse@NoOneElse

22H

Kupfer?

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