THINK LONG TERM (TLT)
Simply, the concept, Think Long Term or TLT, is a mindset wherein the trader fosters a longer—term investment horizon that lasts for months to even years.
This mindset, given its orientation, is an intentional consideration of three things:
1.What could happen in the future of an investment a trader endeavors in
2.What choices would the trader be making with consideration to the future
3.What the traders know about the consequences of these choices
These all considerations factor in to the trader’s future in the industry. The trader basically charts plausible pathways to the future. These pathways and explorations start in the present.
Some investors secure profits through the selling of their appreciated investments while holding onto stocks that underperform hoping that these would eventually rebound. They also know that good stocks may climb further and that poor stocks may zero-out entirely.