k_babysit4exit

I do check my purchased stocks, perhaps too often, but luckily without the urge to sell.

I shared with a colleague and fellow investor (Gary) who once mentioned his/her day-trading tendency.

• Somehow I am lucky to feel no temptation to sell my stocks, perhaps because 1) the number of shares is usually very low (recreational) .
• In a declining market, I am lucky to be resistant (not “immune”) to panic, trying to get rid of “toxic” asset.
• Another reason — 2) I spent 5-30 minutes analyzing each stock + pre-clearance, so I don’t want to waste my time by selling soon.
• Then the dividend factor comes into play — I can hold long term because I believe in the dividend safety of my stock picks.

“Does it make sense to you?” I asked. My colleague nodded. I kinda trust his/her reaction because now I think the temptation is real and widespread. I recall my temptations in 3episodes@ non-recreational trading

Note selling would also require pre-clearance.