Thank you, retired brother, for sharing.

I have a question and look forward to your answer.

Long-term holding means consistently holding a stock you are bullish on in the long run,

but any stock will fluctuate, and NVIDIA is no exception.

However, only by holding long-term can you enjoy the multiplied dividends.

Otherwise, if you exit too early, buying back later may increase your cost.

So, is day trading the only way to reduce costs for long-term holding?

Otherwise, you need to be sensitive to trends and pick the right timing, but that's hard for ordinary people. I recall your three principles: take profits, cut losses, and when you worked abroad, your colleagues held stocks long-term and didn’t act during big drops if the analysis showed no fundamental changes.

The first two principles are easier to execute for stocks I just want to profit from, like PDD. But for AMD, which I want to hold long-term, if I had sold at the planned high this year, I would have had around 100K in unrealized gains. I thought about long-term investing, and the cost is relatively low, but a big drop still wiped out tens of thousands of dollars, so I’m not entirely clear on the best approach.

Looking forward to your reply.