Buy high sell low

[partyboy]

People say buy low sell high obvi, but there's also the phrase "keep the winners, sell your losers" but that would be essentially buying high selling low which is a no no. So what do you go by?

[Nabster]

I have been buying high and selling low all my life, can't go wrong

[Rio]

Bitcoin fans know all about "Buying high"

[mikel3113]

You sell for a loss if the story has changed. If for whatever reason you purchased the stock and let's say they come out with some news that you're not satisfied with and you think will change the trajectory of the company, then you may want to consider cutting your losses.

If that's the case then you can tax harvest capital losses against your income. For long-term, you can harvest up to $3,000 a year against your income and then If you have further losses you can roll them over into the next year. You can still tax harvest short term losses against short-term gains too. I tax harvest every December and cut my losses of any losers that I don't want to stick with going into the next year. Many stocks that I've lost on though, if I still believe in them and that they will recover, I will just buy more shares instead.

[Phénomènes Mystiques]

This is how I short sell stocks.

[ᶻ𝗓𐰁]

Buy the cool stuff no one realises they will want in 10 years. People buy cars, sell them cheap 5 years later. They don't even think in 25 years that car is going to be a collector item and people will pay full price for it again. I mean look at the guy who auctioned his iphone 1 in original packaging. He got $190k for it.

[ᶻ𝗓𐰁]

Sometimes people just don't know the rarity of things too. They go by a book price which doesn't really reflect the current availability and desirability of an item. I might have something worth $1m I can't sell but need something worth $250k I can't get anywhere and people will yell at me for doing a straight trade.

[salva早晨享用的咖啡]

buy good, keep good.
only sell if a given stock's underlying business is declinening.

selling good stock just because it increase value significantly is a mistake

[Original Cast Recording]

Uhhhh, depends.

[Alliesaurus]

I have sold rare stock on eBay for a high price, I did have to wait a bit for the right buyer but just kept the rare item(s) in storage until they were bought. Always set a high price if you have something old and rare.

[Brma]

Originally posted by salva早晨享用的咖啡:

buy good, keep good.
only sell if a given stock's underlying business is declinening.

selling good stock just because it increase value significantly is a mistake

Yes and no. If you can sell partial stock on a high, anticipating a drop, then rebuying in once it happens can be rewarding.

[partyboy]

Originally posted by Tammy:

Bitcoin fans know all about "Buying high"

I'll be buying the top forever just like Michael Saylor

Originally posted by mikel3113:

You sell for a loss if the story has changed

This. Good point.