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I think a lot of copiers don't really understand what it means to copy a Popular Investor, and why/when they should or shouldn't take profits.
Here's a quick thread that may be worth exploring.
Here's a quick thread that may be worth exploring.
1. Don't trade me
- You can't 'time' the top or bottom.
- Unless you've got direct access to my brain, you can't possibly understand my thought process or plans to predict what I will do with the portfolio.
- Don't try to jump in and out, you will probably get it wrong.
- You can't 'time' the top or bottom.
- Unless you've got direct access to my brain, you can't possibly understand my thought process or plans to predict what I will do with the portfolio.
- Don't try to jump in and out, you will probably get it wrong.
2. Don't adjust the portfolio
- I might buy stocks at all-time-highs or go short on a crypto you love.
- Maybe you think I should take profit from a position.
- You can't understand the macro strategy for the portfolio as a whole, hedging, or exit plans.
- Let me do my job.
- I might buy stocks at all-time-highs or go short on a crypto you love.
- Maybe you think I should take profit from a position.
- You can't understand the macro strategy for the portfolio as a whole, hedging, or exit plans.
- Let me do my job.
3. You don't need to lock in profits
- Sounds strange, but you should consider your copy of me more like a pension fund.
- You should add to it over time, monthly, quarterly or annually.
- The goal is to let the growth compound, not stop it from happening.
- Sounds strange, but you should consider your copy of me more like a pension fund.
- You should add to it over time, monthly, quarterly or annually.
- The goal is to let the growth compound, not stop it from happening.
4. Why should you take a profit?
- You should consider this your long-term savings, so take profit for long-term goals.
- Perhaps you can finally afford that Lambo?
- Maybe you're getting married (congrats)
- New house?
- Retirement?
These are good reasons to take profit.
- You should consider this your long-term savings, so take profit for long-term goals.
- Perhaps you can finally afford that Lambo?
- Maybe you're getting married (congrats)
- New house?
- Retirement?
These are good reasons to take profit.
5. Make a plan
- How much do you need to retire?
- How much can you save each month?
- How much are you willing to risk copying me?
- What other options to you have to diversify?
- Have you considered the risks?
- How much is your time worth?
- How much do you need to retire?
- How much can you save each month?
- How much are you willing to risk copying me?
- What other options to you have to diversify?
- Have you considered the risks?
- How much is your time worth?
6. Don't chase profits
- Everyone looks like a genius in a bull-market
- You *could* have made lots of money on $doge or $gme or <insert huge growth investment here>, but hindsight is 20:20.
- Consider the risk, not just the reward. What could go wrong? How bad could it be?
- Everyone looks like a genius in a bull-market
- You *could* have made lots of money on $doge or $gme or <insert huge growth investment here>, but hindsight is 20:20.
- Consider the risk, not just the reward. What could go wrong? How bad could it be?
That's all for now, just off the top of my head.
I hope it helps some of you. :)
I hope it helps some of you. :)
