Indian Sensex is touching new height everyday where everyday we are seeing that it can cross previous heights. Now the problem here is we do not know what should be done now, whether to wait more so that we get more profit or should we book the profit.
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I am not a great trader and for me creating wealth means keeping the investment for long. That's why you will see most of my investment is in Mutual fund and I hardly do the stocks. But there are great stocks in my Portfolio at great prices. I know I have to learn the art of booking the profit. As now is the high time I should sell some and invest in some other places.
There were some shares which were not that great in my portfolio, which I have to remove but as of now I am not in profit of those stocks so will wait for the profit and then will remove some of them. Other than that there are some stocks which are taken at the great price so for me keeping those benefits me. And thus because of these mental thoughts I could not sell and book profit.
I know booking the profit is the art but for me the best thing is to buy the MF in Index form and create the wealth in the long run. This way I do notbhave to think much because every month I will be investing and getting the returns in the long run. Selecting stocks is one thing, and selling them high is another which is a hectic task for me as I have to find the entry and exit points.
And it is not only for stocks, I get this confusion for crypto too. Like I needed to sell my crypto when Bitcoin was high, but I did not. Now I am waiting again so that I can sell when it touches the ATH again, if I can.
