All you need to ask yourself is 2 questions:1. Am i here for the...

All you need to ask yourself is 2 questions:

1. Am i here for the long term and can I afford a drop in sp?

or

2. Am i here for a quick profit or I cannot afford to lose the money I have invested?


If you are here for a quick profit or cannot afford to lose what you have invested, then TA suggests you sell. Remember you can always buy back in.

If you are here for the long term and are prepared to go through many ups and downs (and can afford to do so), then a retrace doesnt matter because it will probably consolidate before advancing even more rapidly than it has. Mind you there are tax benefits for holding long term also.

Its that simple. You cant have your cake and eat it too.