Sell Winners Early, Hold Losers Late 💰

Many investors struggle with the tendency to sell winning stocks too soon while holding onto losing ones for too long.〽️〽️〽️

If a person hasn't come to terms with their losses, they might take risks they normally wouldn't consider. While some investors use stop-loss orders to limit their losses, this approach can sometimes lead to unnecessary sell-offs. For long-term success, it’s essential to have strong confidence in your investments. This means being prepared to ride out the market's ups and downs, which requires not just patience but also a firm belief in the choices you’ve made for your portfolio.