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sulaco

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sulaco

Re: Protector post# 120745

Tuesday, 04/30/2013 11:32:39 AM

Tuesday, April 30, 2013 11:32:39 AM

Post# of 346001
CP, I like that. Retracements are part of the deal


I guess I'm trying to get my thoughts together, and I appreciate your input. I often remember my father's advice.

Just sit tight.

He lost a ton of his portfolio in 2008, but he didn't sell. Well, as we all know, everything tripled right back up in the ensuing 3-4 years, and now my Dad's portfolio is higher than it was 2008. Much higher. Who took the financial bath in 2008? Yep, exactly. THOSE WHO SOLD AT THE BOTTOM.

Point? My father didn't panic. He kept his cool. And profited.
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