the dilemma which will never go away and unfortunately is no right or wrong. i think a lot of it comes down to your personality as well which is a really important part of investing/trading to match your approach & method to your personality
i know i would struggle to sell out and wait patiently for it to come back down (if it does) it would make me too anxious
i think one thing that might help these urges or people who like to sell out and buy back - is to have 2 parcels i.e. have your core holding that you never trade and then have a holding which you can trade and try and time some of the swings. this is something i wish i had done over the years as you might remember at the end of 2017 we had that big spike and i watched ~$300k in profits slowly disintegrate over 2018 and 2019 (i'm relatively young so this was a really big deal to me).
The same thing happened to me this year from Jan to July i watched close to >$600k in profits vanish on my screen. but many books have explained that this is just part of investing and holding a volatile growth stock, you are going to see profits come and go whilst you hold which is why conviction is so important when you hold.
one of the best things i ever read is a sentence from Reminiscences of a stock operator:
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Weebit - 2021and beyond, page-8854
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$2.52 |
Change
-0.010(0.40%) |
Mkt cap ! $476.0M |
Open | High | Low | Value | Volume |
$2.54 | $2.60 | $2.50 | $751.4K | 294.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 12841 | $2.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.54 | 1700 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 12841 | 2.520 |
1 | 20000 | 2.510 |
4 | 7532 | 2.500 |
3 | 2907 | 2.490 |
4 | 19152 | 2.480 |
Price($) | Vol. | No. |
---|---|---|
2.540 | 1700 | 1 |
2.550 | 215 | 1 |
2.560 | 2760 | 2 |
2.580 | 5181 | 2 |
2.590 | 2714 | 1 |
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