RE: Price spike opportunity19 Nov 2020 07:52
i've never understood ' slicing profits", how does it work?
I can only guess that if you've averaged down, it can't work, as you get left holding a lesser amount of shares at a price that may never be achievable. I also guess that by slicing profits, you have little confidence in future increased prices, otherwise why would you, as you now have less shares and less potential profit.
just curious to understand the logic.