Its simply this, I am in it for the long term, for every peak I could pick, I would also be wrong.
So next time when I sell, thinking its a peak, and it does not come back, I will miss out.
So it's just not worth the effort/stress over a 10 year horizon to essentially get a zero sum game
Sure I could make 4x this time by selling at 250, but next time when I sell at 300 and it goes to 2000 and only comes back to 1200, same loss, to buy back in.
Totally agree. Well said
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I've done all the trading I'm going to do, and that was simply buying a bunch more at $50-60. Now I'm done, it's actually quite liberating, knowing I don't have to keep an eagle eye on the thing all the time. Just sit back, and let it do it's thing, whichever way it goes.