Hi Clappy,
There's nothing wrong with your investing style...taking profits is what it's all about! Our styles are just different. If I 'm holding a stock that's tanking, I'll continue to hold it if the fundamentals are still in place....and I'll buy more to average down. I did that with EMLX.
I wish I could time the market to take advantage of the volatility, but this year has been the wildest ride in the market for me since "87. I didn't merely get burned that year, I got torched .My husband , God love him, believed in new issues, margin and options. He died unexpectedly the day before the market crashed. So,not only had my world fallen in, but so had my financial situation. (Big time trauma that I wouldn't wish on anyone.)
As a result, I avoid options ,never use margin, and I don't try to time the market.Instead, I diversify and try to think long term.That's what works for me, but it doesn't work for everyone.
whitey |
