RE: FDA Approval8 Jun 2020 09:02
Hi,
I have been investing for over 30 years. If you buy and hold forever, unless you buy shares in the Warren Buffett style, you will face major ups and downs. If you are receiving a dividend it hurts less especially of you reinvest dividends BUT if it is a fledgling company with wild swings the only way to survive the troughs (if you want to protect capital) is to read the chart's as well. I once had an interesting chat with Mr Bolton who at the time was running a Scroders fund, he was the one that told me that's how he manages Schroders fund. A combination of value and thereafter Charts for determining optimum returns or capital protection.
I learned the hard way by holding one share too long even though it had massive assets (30p to 3p) in a blink and still not recovered. Time is the friend of the investor but as Mr.Bolton reminded me "stocks are for selling as well as buying)!
Not easy, I know.