Jim Cramer said “it never hurts to take profits here and there”.
Today I made $2200 in my portfolio. Yesterday I didn't have that money. My new method is to lock in profits on every green day from now on since we're in volatile markets and eventually I believe we hit 3500 or less when fed starts reducing their $9 trillion balance sheet.
So my new idea is to take 50% profit in my ROTH or with my long shares in taxable every green day!
So today I made $2200 and tomorrow hopefully I can sell $1100. Once you make you're money you've won! It's like getting an $1100 stimulus check!
This way also I'm increasing my cash from its present 30% for the inevitable downside.
The alternative is to watch the market take away the $2200 I just “made” over the next days or weeks! F that! Sick of that sh!t!
I'm not saying to take everything out, but take a little here and there and lock it in. Pay a bill or leave it losing 9% a year to inflation, rather than seeing it disappear totally!
No one ever got hurt taking profits!
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