Why?
Don't get me wrong, being a Bottom Fishing Prophet sounds incredibly exciting. I get to buy premium assets at rock bottom price when there is blood in the street.
What happens after I buy at the bottom? I am stuck. The stock could stay flat for the next 6 months. I have to sit there waiting for the lift that maybe out of service.
Why Selling At the Highest Point is Pure Bliss:
I bypass the panic. I don't have to worry about whether I bought the stock at 10 or 20 dollars. When the stock hits the peak, it is jackpot time.
Buying at the bottom makes me look like a genius but selling at the top makes me rich now. It gives me liquidity to enjoy my life & wait for the next cycle to reset.
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