One thing I keep wrestling with as a stock analyst is finding the right mix between chasing short-term gains and staying committed to long-term wealth-building. It’s easy to get caught up in the excitement of a quick win, but I don’t want to lose sight of the bigger picture.
How do you all handle this? Do you set specific rules for when to take profits on trades versus letting long-term positions ride? I’m especially curious about how you manage the emotional side avoiding the temptation to overreact to market swings or hold onto positions just because they’ve done well in the past.
Would love to hear how you strike that balance or any strategies that have worked for you!