Spot on menta.
The risk of staying in the market can far outweigh the benefit of selling.
The losses incurred from staying in the market can also outweigh the tax you would pay from your capital gains.
The market is so volatile that it will take some time for the market to gain forward momentum again.
If you take a loss or reduced profits now as a precautionary measure, there is still opportunity when the buying signals are right.
The market usually only moves forward when there market sentiment that the market can't go lower.
I hear statements on this post like, wait it out, the market will bounce back. Statements like this are wishful thinking and tend to indicate uncertainty. Those statements show the market has not reached its lowest.
Most of you wouldn't put money in the market on Monday.
Manny of you are afraid to wait it out and that is another indicator that market sentiment is low and the market will drop further.
Its very easy to listen to feel good statements online but not necessarily profitable. This whole thing is like ground hog day for me.
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