Buy and HODL
Seeing your portfolio cut in half makes you question some of your decisions. What if I hedged? What if I trimmed? What if I tried to sell the top?
All of those questions would’ve made me more money if I timed right, but that is a big if.
Being a stock picker is hard enough, why make it harder by adding time into the equation? As a buy and hodler, time is working on my side. As a trader, time works against you. Not only do you need to be right, but you need to be right in your timeframe. I’m going to keep things simple and HODL.