When investing it is important to protect your capital and your profits, this can be done by locking in your profits.
For example, if you bought 100 shares of ABC Company for 12 Php and the price went up to 36 Php then two days later all potential profits are unrealized because the position isn't partially or fully closed. You can lock in the profits by selling 50 shares because 50 x 36 = 1,800. If the stock drops to 1, you will have still made a profit.
To be profitable, it is necessary to have a strategy to sell when the profit target is achieved. Do not be too greedy as the market is volatile so at any time your assets can be affected. Set a goal for each of your trade and to achieve that goal, you should set yourself discipline. That is how you can keep your profits in this market. For example, if you bought 100 shares of ABC Company for 12 Php and the price went up to 36 Php then two days later all potential profits are unrealized because the position isn't partially or fully closed. You can lock in the profits by selling 50 shares because 50 x 36 = 1,800. If the stock drops to 1, you will have still made a profit.
