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What advice have you heard or tried that was just flat-out wrong?
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this post was submitted on 22 Dec 2024
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Asklemmy
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It's a conscious effort to not panic. But once that investment goes up as far as i think it will. (I set that point before I even buy) then I sell and buy something those that is low and ride that up. If I don't watch them, that stock could go WAY down before I realize I've lost anything.
If it's gone down I have to figure out if I think it's coming back. Then decide, cut my losses or hold out until it comes back
Okay so individual stocks then. But the advice is for index funds I think. But good on you if it works. I wouldn't try to predict individual stocks personally, too much stress and probably won't do it better than randomly guessing.