19H·

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 (+0,16%) 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 logo
Venduto a 77,01 €
13
8 Commenti

immagine del profilo
I had already thought about it. But shouldn't you let profits run? 😉
Probably not a bad decision on your part.
5
immagine del profilo
@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😉🙋🏻‍♂️
1
immagine del profilo
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 😉
2
immagine del profilo
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: 👍
1
immagine del profilo
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 :-)
1
immagine del profilo
@Saarmupfel I think that's a good approach 🙂
immagine del profilo
"Fear-mongers" like me simply set a stop loss :-)
immagine del profilo
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