Many investors, market timers and traders can perform the first three tasks admirably but fail miserably when it comes time to exit positions.
Getting out at the right time isn’t difficult, but it does require close observation of price action looking for clues that may predict a large-scale reversal or trend change.
This is an easier chore for short-term traders than long-term investors who have been programmed to open positions and walk away – holding firm through long cycles of buying and selling pressure.
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