Entries, Exits & Profit Targets - Where to Start
Entries, Exits & Profit Targets - Where to Start
- This is the most important actionable step in the investment plan.
- You can never know everything.
- Over-analysing can prevent you from entering or exiting a market at the right time.
- You must act according to your own plan
- Learn what type of investor you are and what words are best for you (in terms of risk tolerance, goals, investment style, duration, etc.)
- Avoid letting emotions take over (e.g. greed, shame and fear)
- Compound effect (e.g. not taking profits and letting it fall into losses or not buying a big enough position at the low can lead to missed opportunities)
Entry Point:
- Long => Buy
- Short => Sell
Ideally, we want to enter our position on confirmation that our trade will be in positive territory quickly.
12 comments