7 ms·
> The idea is to buy low and sell high, not buy high and sell low. Everyone knows "buy low, sell high", but few people know how to actually do it. The one thi
by Sohcahtoa82 4y ago
> The idea is to buy low and sell high, not buy high and sell low.
Everyone knows "buy low, sell high", but few people know how to actually do it.
The one thing I've learned - Don't buy an asset because it's going up. That's FOMO. Don't sell an asset because it's going down. If you buy something going up and sell going down, that's the recipe for buying high and selling low.
Also, in the long term, the market is always up. Just keep buying shares of index funds. If the market is in a dip, that's the time to double-down and buy extra, not sell.