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avatar of @dagger212
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@dagger212
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Sometimes being "forced" to sell is not necessarily a bad thing. Like I said, it takes a buy AND a sell to make money. I used to work in the mortgage industry and got some stock options that went way up. I was a HODLer. I loved my company and thought it was going to continue to thrive. Unfortunately, my car died and I absolutely HAD to buy a new one. I literally had a great chance to get a year old Chevy Trailblazer fully loaded with only 13,000 miles on it for about $5,000 under book value. Just a steal. So I sold some options and bought it for cash. I then managed to find a girl to marry and had to buy a ring and pay for the majority of the wedding. I sold the rest of my stock options to pay for that. One year later my company went out of business in the housing bubble of 2006. Stock went to $0. I sold them at $44 and $56.

Moral of the story is that you can't make money if you don't sell. Always gotta remember that second part. :-)

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