I haven't been feeling very inspired to blog lately as markets have been exciting and I wonder whether the bear is coming. Both ACCICB and I still feel like a newbie at times in front of Mr Market therefore I decided to write the following post.
1. Forget about waiting for the ideal price to buy or sell which may either never happen or you may have to wait for a very long time for it to happen. It is better to have a range of prices say +/- ?% and just execute your order. I left the % as a ? as it is up to each individual's level of comfort.
2. Try to resist being greedy and take profit when it hits your target price. It is far better to have $$$ in your pocket rather than trying to attain the near possible by selling at the all time high. ......