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Young gun 93

197 Posts.

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22/06/22

23:44

Post #: 62148676
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Originally posted by PaddyMac33: ↑

Taking profits is a good idea, and so is selling upon confirmation of a downtrend, and buying upon confirmation of an uptrend. But guessing the top and bottom is just that, guessing. That's not a strategy. If you sell every time a stock goes 5% down you're not giving room for a stock to move. Your advice in November was to sell (or not buy) energy stocks. Even if you missed 20% of the top to confirm the downtrend, you could have easily doubled your money in 6 months. That was a massive opportunity cost to you.

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