This post is not an easy one to write, on one hand, it might sound like I am suggesting to investors to buy index funds otherwise it can also mean that I am encouraging the buy and hold strategy. However, my intention is neither of the above but instead to tell you guys how to stay objective rather than second-guessing the market. This is common advice but many of us, including me at times, is unable to follow suit for various reasons. In this post, I will be highlighting tips on how we should react in some general situations so that we can utilize them when it happens.
Profit target achieved but indicators are still bullish
Most of our profit targets are set way beforehand and usually, those targets are pretty modest and achievable especially when we bought those stocks at a low when the market was filled with pessimism.