Where does the line between swing trading end and long term investing begin?

I don’t think you should ever stay completely married to a plan.

If you buy something as a long term hold and then the bottom falls out eg Asos, you have to essentially think of it as a new decision, would you buy now? You either double down, stick or twist but holding just for principle isn’t sensible.

Same with if you’re lucky and it goes on a run, you might believe in the company long term but if you think it’s expensive, it can still be worth taking profits and going back in on a dip.

3 Likes