How to win the war on investing, not the battle…
If you're looking to grow your wealth by investing in shares, it's easy to get too involved with what's going on with one or two particular stocks.
When you invest in a share that only goes on to plummet, it's not a great experience. You hope its price is going to recover, but the truth is you need to cut it loose.
This will help you to achieve your overall goal of making money out of investing…
How to come out on top investing
in different stocks, you give yourself an array of different opportunities to make money. But equally so, you give yourself the chance to lose money.
To stop losing shares in your portfolio having a long standing negative impact on your performance, you need to sell them when they hit their stop losses.
You can run a stop loss at a level of your choosing. Many investors run with a stop of 20% or 25%.
If a stock you buy falls and hits its stop loss, you sell. Don’t stress over it, don’t worry if you’re making the right decision, sell.
Make explosive Forex profits with this tiny book!
Cutting losses will make you more money over the long run
Find out more here!
It takes a match to start a forest fire.
It takes a little seed to create an entire human being.
And it takes this tiny book to make you a Forex income to last a life time!
To make money over the long-term, you need to take losses along the way, Dr Steve Sjuggerud in Daily Wealth
explains. You need to keep the bigger picture in mind. To put it another way, you can’t win every battle, but you need to win the war.
No one likes to admit defeat. Selling a losing stock means you’re admitting you’ve made a mistake investing in it in the first place. But don’t let this hurt your pride and stop you from selling.
By cutting the losers from your portfolio, you can put your money to better work and let your profitable investments run.
So there you have it. How to win the war on investing, not the battle…
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