We held onto Lucent stock as it reached $79
There are lessons to be learned from trying to time the market.
RE: There are lessons to be learned from trying to time the market.
If you own Gold ETF’s and now on the money and significantly so, and you’re nervous about a repeat of Lucent, you can always put a sell limit on the ETF.
Say, you bought Gold ETF (GLD) at $800 and it is now way over $1300, why not put a sell order that triggers if it drops to say $1200?, You’re still on the money (way ahead) by doing that. That’s one way to control downside risk.
Just thinking allowed...