In a bull market, it’s easy to get carried away by excitement. Prices are rising, portfolios are swelling, and profits seem inevitable. But here’s the reality: bull markets are powerful, but they can reverse in an instant, reclaiming what they once generously gave. That’s why mastering the art of when to take profits is a skill every smart investor needs.
Don't fall into the 'Just Hold' trap
It’s tempting to think that a bull market means you can simply sit back and watch your investments grow. And while holding can be profitable, a well-balanced strategy means knowing when to take some chips off the table. Savvy investors recognize that taking profits is not about missing out; it’s about protecting hard-earned gains and acknowledging that every bull market has a turning point.