I mean, good luck to you, but isn’t that exactly the opposite of what you’re supposed to do?
If you're into the Meme Stocks, its probably not a bad time to take-gains/cut-losses. If you're holding some Blue Chip like Microsoft or Toyota or Exxon or Berkshire Hathway, this is a reckless move that'll cost you in the long run.
In theory, you want a portfolio across sectors, with your money spread roughly evenly across the major industries. Then every three to six months, as prices change, you sell your winners and buy your losers. And so long as the overall economy grows at a steady rate, your portfolio follows.
If you're into the Meme Stocks, its probably not a bad time to take-gains/cut-losses. If you're holding some Blue Chip like Microsoft or Toyota or Exxon or Berkshire Hathway, this is a reckless move that'll cost you in the long run.
In theory, you want a portfolio across sectors, with your money spread roughly evenly across the major industries. Then every three to six months, as prices change, you sell your winners and buy your losers. And so long as the overall economy grows at a steady rate, your portfolio follows.
Anything else is just gambling.