re: ZOM making a nice run

quote:

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You should never sell out of fear period. Selling some of a position doesn’t mean it’s a bad stock. Like I said, think of your portfolio every day (not literally) as 100% in cash and start from scratch every day - what would you buy today with your nest egg? Tax considerations are real, obviously, but should be secondary to prudent portfolio management, IMO. It keeps you from FOMOing too much just as often as it keeps you from falling into the sunk cost fallacy.

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Not gonna lie, it’s good to see good advice from you

I considered selling today because I was scared but then i asked myself what I’d do if today happened if I had sold yesterday and the answer is I’d buy back in today on the dip

In the past I’ve only lost money “selling high and waiting on the dip” so I don’t think I’ll do that anymore

Still have a long way to fall before “losing money” although it’d hurt my feelings to lose the house money