Word of the day PIVOT.WORD OF THE DAY IS PIVOT. Here’s the most important tip you can learn to make money. No matter what you do whether it’s the stock market, your job, a business, pick something this rule will make a difference. When it’s not working pivot. You must PIVOT and change the plan to make money. The dumbest thing you can do is think I HAVEN'T LOST ANYTHING BECAUSE I HAVEN'T SOLD. The investors who make the most money don’t stick with losers. They cut their losses and pivot to another stock. Most are just fearful of taking a loss. This is the stock market EVERYONE LOOSES SOMETIMES. The trick is too stop the pain and move on. While your waiting for a come back that may never happen your money is lost to time. And time in the market is what makes you money. You can’t get time back. Don’t sit on a loss for to long. The further it falls the less time you have to make it up. Just like when your up past your target you take profit. When your down past your stop loss you sell.
Wise men learn from mistakes and become wiser. Fools think time will change things for the better. It might but chances are it won’t. These stocks didn’t fall because of a catalyst like a pandemic or financial crisis. They fell because they were grossly overvalued. If you think it’s because of spruce point your wrong. Dozens of stocks just like this overvalued beast have crashed to. The only thing that will for change over time is you have less time left.