seattle prattle wrote:
Try to keep up wrote:
Ghost of Igloi wrote:
Did you sell any of your new positions when you were down more than 5% a few weeks back? By definition a buy and hold investor would lose any advantage other than dividends.
By definition, a buy-and-hold investor would not have sold a few weeks back.
Yes, i did sell some of the new positions. Some of them were intended as short-term trades but some weren't. It wasn't a good stretch for me. I lost more than i should have selling at the wrong time and trying to get back in only to have it drop again. I think i would have been better to just let them ride.
Buy and hold investors sell, too, don't they? I think that the fact that that downturn was much steeper than a usual downturn/dip threw me. Things have evened out in the last few days, though.
Yes, buy and holders do sell, but they don’t panick sell.