Let profits run in 2024!
Hello Mooers! ![]()
Today, we will be talking about one of my favorite strategies, which is letting profits run. ![]()
Mooers might be wondering what 'Let profits run' means. ![]()
It actually means to resist the tendency to sell profitable positions too early.
Let me quote a few examples of why Mooers should resist the tendency to sell early and to continue to let their profits run.
Mooers who purchased Bitcoin, $Bitcoin(BTC.CC$ , on the first trading day of 2024 would have now sat on more than 60% gain. However, if Mooers had purchased it 52 weeks ago, he would have gained more than 160%.
Notice that if Mooers had purchased it 52 weeks earlier but sold on the first trading day of 2024, he would have missed out on an additional 60% gain.
Mooers who purchased Novo Nordisk, $Novo-Nordisk A/S(NVO.US$ , on the first trading day of 2024 would have now sat on more than 35% gain. However, if Mooers had purchased it 52 weeks ago, he would have gained more than 80%.
Notice that if Mooers had purchased it 52 weeks earlier but sold on the first trading day of 2024, he would have missed out on an additional 35% gain.
Mooers who purchased the Magnificent Seven ETF, $Roundhill Magnificent Seven ETF(MAGS.US$ , on the first trading day of 2024 would have now sat on more than 25% gain. However, if Mooers had purchased it 52 weeks ago, he would have gained more than 45%.
Notice that if Mooers had purchased it 52 weeks earlier but sold on the first trading day of 2024, he would have missed out on an additional 25% gain.
*The Magnificent Seven: $NVIDIA(NVDA.US$ , $Meta Platforms(META.US$ , $Amazon(AMZN.US$ , $Alphabet-C(GOOG.US$ , $Microsoft(MSFT.US$ , $Apple(AAPL.US$ and $Tesla(TSLA.US$ .
Hmm... I wonder if Mooers sold their stocks too early or let profit run most of the time.
That's all for today, and always remember to DYODD (Do your own due diligence) when making any kind of investment.
Thank you and Godspeed! ![]()
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Cui Nyonya Kueh : I love you![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Mars Mooo OP Cui Nyonya Kueh :
EZ_money : double top formation on the monthly.... profits are going to dwindle Bitcoin Hedge Fund Shorts Reach New High Amid Price Fluctuations – Finance Bitcoin News" data-rh="true
Mars Mooo OP EZ_money :
Cui Nyonya Kueh Mars Mooo OP : So how to be the best? Please share![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Cui Nyonya Kueh : I think your post applies to only certain stocks. if stocks like $Faraday Future Intelligent Electric Inc. (FFIE.US)$ cannot.
Mars Mooo OP Cui Nyonya Kueh : ask yourself, who is behind the stock?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Cui Nyonya Kueh Mars Mooo OP : Shareholders?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Mars Mooo OP Cui Nyonya Kueh : beside shareholders, who else?
Cui Nyonya Kueh Mars Mooo OP : SEC??![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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