Know when to sell. Paper profits are worthless. Try to buy

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joey68
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Know when to sell. Paper profits are worthless. Try to buy a car with paper profits.

"..and how will you be paying for your new car?"
"Well, my brokerage account shows $100,000; i havent sold yet, but Id like to use that"

Doesnt work.

If youre new to investing, you have no idea the whirlwind of emotions heading your way when you see your $500 investment worth $120,000. You think its going to be easy to sell? Its an almost guarantee you're going think, "NO WAY IM SELLING! This is going higher!"

..and then the price falls and you end up -$4.50
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.

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Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.

There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.

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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
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