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Message: [QUOTE="rip7774, post: 3552389, member: 320"] I think the old adage buy low and sell high is kinda dead. I work in finance, but trade my own accounts pretty actively (ok, way too actively) and for the past 5-7 years I’ve just bought momentum names and they largely continue working. The mistakes I made/make are in emotional decisions to sell to raise cash in market gyrations and not take gains quickly enough in a fading tape, this is #1. I have gotten shaken out of FB so many f in times to count, usually On regulation/bad news. I have clients all he time wanting to buy airlines and oil names for years and years and maybe they will work this time since down so much, but I showed a client yesterday since late 2018, right into that quickie bear market of 2018 and through now a tech/software etf is up 26% with two crashes basically picking worst possible timing), while a steady eddy dividend etf is down -9%. I used to hesitate on tech companies I didn’t know enough about,but stocks breaking out to new highs most often go higher. It’s taken me a long time to get there. This is so important. additionally, I love to buy core holdings on dips, Apple, Amzn, amd - these stocks will always pull back from time to time and i always wish I bought more on those dips. they’re still “high” on those dips vs value plays but that works almost every time. to reiterate I make so many mistakes, but don’t sit out after them. I’m sure when I sold fb $50 lower a few mos back, I put that $ somewhere quickly and did ok. That helps the psyche a lot - at least my fragile one! Good luck! [/QUOTE]

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