p.s. Speculator I have read reminiscences of a stock operator years ago out of interest. It was a fascinating book even though I am an investor and its aimed at traders it was still a worthy read. To quote the book “Why, this is a bull market!” “my dear boy, if I sold that stock now I’d lose my position; and then where would I be?”
Another great quote from the book:
" It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull
markets and early bears in bear markets. I’ve known many men who were right at
exactly the right time, and began buying or selling stocks when prices were at the very
level which should show the greatest profit. And their experience invariably matched
mine that is, they made no real money out of it. Men who can both be right and sit tight
are uncommon."
Conclusion:
Why this is still a bull market! Don't sell because you'll lose your position your position, and then where would you be?
Another great quote from the book:
" It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull
markets and early bears in bear markets. I’ve known many men who were right at
exactly the right time, and began buying or selling stocks when prices were at the very
level which should show the greatest profit. And their experience invariably matched
mine that is, they made no real money out of it. Men who can both be right and sit tight
are uncommon."
Conclusion:
Why this is still a bull market! Don't sell because you'll lose your position your position, and then where would you be?