Three months of gains gone in ten days

July 31 Close: 13,211.99
May 2 Close: 13,211.88

 

2 months and 21 days of gains

 

.... and to provide an alternate view - if you were short, you could have made in 10 days what took the longs 3 months ....

 

Excellent point.

 

it isn't that uncommon for a selloff to erase many months of gains

 

So why just hold then, why not take profits and rebuy later?

 

What if this is the bottom? It woudn't do me much good to sell now if it is. Even if the dow losses another 400 points it still isnt a big deal for me.

My strategy has always been patience.

 

Because Stock_Trad3r is a newbie fool who has never seen a real correction or a bear market.

 

Since your so smart I bet you made a KILLING during the 2000-03 bear market didn't you?

 

2000 was my best year ever.

2001 was my 2nd best year ever.

2002 was my worst year ever (still made money, but every day/month was a struggle).

2003-2006 were all very good years.