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<blockquote data-quote="Stocker Steve" data-source="post: 1480743" data-attributes="member: 1715"><p>Most traders - - Including the computers - - are momentum traders. So they usually rotate from hot sector to hot sector till there is a big down turn. Then they watch a lot of net worth evaporate. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite3" alt=":(" title="Frown :(" loading="lazy" data-shortname=":(" /> </p><p></p><p>If you are not greedy, and you actually have a use for some of the money, then you need to take some winning off the table periodically. Ya, I know, this is a gambling analogy, and you want to let it all ride since you are a fail proof market timer. I am not. :dunce: </p><p></p><p>So you should have sold some during this run up - - I do this "rebalancing" at least annually - - then paid Uncle Sam some capital gains tax, given some to your church/charity, and then bought a bull or a truck or some productive pasture with alot of deer in it. Hire your kids or grandkids to build fence, and make sure you also get something nice for your significant other, like a new rifle or a trip to the Rockies or both. She/he will think you are a genius ;-)</p><p></p><p>The mortality rate is 100% in the end. So take care of you and yours during this journey.</p></blockquote><p></p>
[QUOTE="Stocker Steve, post: 1480743, member: 1715"] Most traders - - Including the computers - - are momentum traders. So they usually rotate from hot sector to hot sector till there is a big down turn. Then they watch a lot of net worth evaporate. :( If you are not greedy, and you actually have a use for some of the money, then you need to take some winning off the table periodically. Ya, I know, this is a gambling analogy, and you want to let it all ride since you are a fail proof market timer. I am not. :dunce: So you should have sold some during this run up - - I do this "rebalancing" at least annually - - then paid Uncle Sam some capital gains tax, given some to your church/charity, and then bought a bull or a truck or some productive pasture with alot of deer in it. Hire your kids or grandkids to build fence, and make sure you also get something nice for your significant other, like a new rifle or a trip to the Rockies or both. She/he will think you are a genius ;-) The mortality rate is 100% in the end. So take care of you and yours during this journey. [/QUOTE]
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