Taking profitsHi Travis – Iโm an avid reader – and really respect the balance you bring to the giddy, heady world of investing.
Given thereโs so many jitters beneath the glossy
Surface of the market Iโm keen to get a view on profit taking and or how much cash should be on hand given one reads about so many funds and banks boosting their cash position presumably
In anticipation of a looming dip/ crash/.
Iโd appreciate your thoughts.
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Always, always have some dry powder! The sky isn’t always blue, the sun doesn’t always shine, and stocks don’t always go up. And no one ever went broke taking profits.
I like this – phrased like an aphorism that should be at least on a post it note – if not engraved in stone !
Thanks
My trading journey has only been 5 years. I used to struggle with having available cash. But lately 10% is my goal, and Iโm a bit above that at the moment.