LIVEBeginner mistakes which everyone do and feel bad later. I had invested ₹30,000 in $SHIB and the prices went to ₹2,18,000 in the last bull run and instead of taking profits I invested more $4,500 USD by taking loan and then the prices went down. Two mistakes which I have done1. Not taking profits 2. Investing more at a time when prices are high. Realize Gains: Avoid being in the situation where you could have achieved significant wealth if only you had sold when the price was high.For instance, if you invested $500 in a stock and its value rose to $7000, those gains remain unrealized until you decide to sell the stock and convert the profits into cash.Additionally, it's important to consider setting a target for profit-taking, such as selling a portion of your investment when it reaches a certain percentage gain. This strategy can help you secure profits along the way, reducing the risk of missing out on potential gains if the market fluctuates. Moreover, diversifying your investments across different assets can also mitigate the impact of volatility in any single investment.
