Everyone’s obsessed with entry points. The perfect buy. The magical dip. The “if only I got in sooner” syndrome.
But here’s the truth. Most people don’t need a better entry.
They need a better exit.
In the actual sense, there's no perfect buy entry or exit point; at least not while it's happening. We only get to find
out or know all that when actions are completed on hindsight. We can only get in whenever we think it's a
tightright time for us and
we may sometimes get lucky to have made a nice decision.
ItAs for a perfect entry, it's a meaningless adventure trying to
tunetime the bottom.
Don’t marry your bags. They won’t love you back.
That's an invaluable advice but sadly not many will heed it because it's an emotional thing to do, especially when bags have already dipped before we realize it. Emotionally, people may want to continue to
hodl and hope price gets up back so they can exit. Most times it doesn't. So, to be on a safe side we should learn to periodically take profit once we secure our capital.