Originally Posted by
tango
THANK YOU 🌟
This is super helpful. In the past I had read books and done courses talking about the Buffett method which is basically buy a good business at a margin of safety price and then sit back and let the winners ride. More recently I saw someone who is a Buffett disciple use TA for entry and exit points, both for individual stocks and to get a sense of overall market trends, and a huge freaking light bulb went on. I could see that using that strategy I may leave some gains on the table but I dramatically reduce the risk of being caught out with big market dips and as you say there is an opportunity cost of letting it sit in a company going nowhere.
For some reason I had a mental block about this idea of selling shares and then rebuying. Time for a change in strategy!
Your post just added to my knowledge and reinforced the need sharpen my TA skills until I truly understand it!! 🌟
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