Simply explained- Nice read.
Assume one buys at 85, 80 and 75. Equal tranches- staggered buying. Average buying at 80. Now market reverses and goes from 75-90-120. How would you suggest to sell and book profit. Staggered buying is easy to understand. What is tricky is how to sell. How much and at what level. Assuming he is not eternal long term investors and books profit and gets cash ready and does asset allocation.
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