July 1st 2020 - TechRobotica - "When to Sell"? This is perhaps the trickiest decision making part during the ownership a stock life cycle!
During my early 20s, I had a bad habit of speeding whenever I got late for work. My father used to tell me to get ready and leave early instead of taking the risk of speeding in order to save time while driving.
According to me, it is a double edged sword and has the potential to go either way! What is the underlying value of a Bitcoin? Nothing tangible right? The only value is the trust and hope of having an alternative decentralized main stream transaction syst
Now that I am older and wiser, I realize that my fathers advice is also applicable when it comes to trading. In the long run, it is not in your best interest to take short-term risky trades especially for stocks that we are not interested in owning for 5
Key points to remember:
- The emmense mental stress is not worth when it comes to making risky investments.
- Reckless risky investments can easilly blow up your trading account!
- Investments should be done for the long-term. Make the compounded return work for you.
- Never enter a trade without putting a stop loss!
techRobotica portfolio risk mitigation system uses machine learning to provide predictions and insights to keep you on track cut your loss in a trade at the right time.
Our system would provide notifications to put a Stop Loss at the right price range based on the stock and your investment period. To "cut your losses" is perhaps the most important rule in stocks trading.
“Warren Buffett’s Only Two Rules For Investing - Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1”
“Leave early! Never try to save time while driving!”
Samir Kumar Sen
Please follow us on Instragram, Twitter and Linkedin. Also, please like our Facebook page and subscribe to our Youtube channel.