11Mo
So you bought a share without an exit plan?
Uiuiui! 😳
For that reason alone, I would strongly consider selling everything immediately - and learning the basics of trading first... 🤷
Uiuiui! 😳
For that reason alone, I would strongly consider selling everything immediately - and learning the basics of trading first... 🤷
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@Epi So if you already know or know the exit for each of your investments today, then hats off - or then trade exclusively in the short and medium term. Otherwise, there are simply many stocks that will continue to be held unless one of the fundamentals changes.
I only need an exit plan if I have doubts about the investment right from the start... But then I tend to leave it alone...
I only need an exit plan if I have doubts about the investment right from the start... But then I tend to leave it alone...
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@Epi super constructive suggestion from you, thank you... I had actually planned my exit at +75%, but it just ran over it too quickly and now I just wanted to ask for the community's advice.
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•11Mo
@Konsti2201 Well, if you wanted to get out at +75% and you had good reasons for doing so, then they apply all the more at +100%, don't they? 🤔
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11Mo
@GeldGenie he is talking about the basics of trading. As a rule, you only enter a trade once you have defined a stop loss and take profit. Epi's long-term strategy should be well known.
I'll just ignore the statement about the exit plan for now 🫠
I'll just ignore the statement about the exit plan for now 🫠
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•11Mo
@GeldGenie Knowing the exit conditions simply protects against emotional decisions. This has nothing to do with short-term trading or doubts about the investment, but rather with the basics of behavioral finance. Even a fundi should determine his exit conditions before buying. You do that yourself, quote: "unless one of the fundamentals changes".
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11Mo
@Epi "...if I doubt the investment right from the start",
I didn't want to go into this in more detail now, as such an investment is out of the question for me.
I didn't want to go into this in more detail now, as such an investment is out of the question for me.
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11Mo
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11Mo
@Yoshika or you leave emotions and feelings out of the trade and act on what you see.
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11Mo
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