Quote:
Originally Posted by *******
ok thanks, well there goes that theory  But of course what do I know because I sold almost everything in the mid- $1600's. |
It means you were smart. impossible to be a fortune teller and predict the exact high point. Assuming you had been buying over the years at a much lower price, when you sold you won. If you were to hold on now, or even worst buy in now like a lot of people, and it takes a big drop then you would have lost.
When you sell for a profit you win, when you holding it you never know how well you did till you sell
Its like being the idiot at the casino who is up $1,000 and is all excited because he is winning, but doesn't cash out and later is all upset because he lost it all back. You are not a winner till you get up and cash out.