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Sell half. Keeps you in the game if there’s big upside while getting some cash now if there’s not.
by ralph84 8y ago
Sell half. Keeps you in the game if there’s big upside while getting some cash now if there’s not.
- wufufufu 8y agoI'm not disagreeing, but what's your background/reasoning for this advice, specifically the "50%" part?
- toomuchtodo 8y agoIt’s a common practice as it relates to speculative investments that have seen significant gains but you’re unsure of future value. Selling half locks in some gains (de-risking) while still preserving possible future upside (the half you don’t sell).
- khurram 8y agoWhen I worked in markets I would often get asked questions in the form of: should I short X? Should I trade X currency now or later? More specifically many questioned whether they should buy GBP/USD the day before brexit or the day after. The only good advice is to buy 50% the day before and 50% the day after, that way you are wrong both times.