Your logic is impeccable

Often, I hear people say they were afraid to sell one of their stocks in case the share price took off on them and they had to pay more to buy it back. This type of thinking is irrational. Remember in the market you have nothing to fear but fear itself.

But human nature is not logical. I can give you my personal example - KXL. I didn't buy when the news broke because I thought it might be hyped. Then I didn't buy as she climbed because I thought there might be a correction. Now, she passes NOT and all I can say is 'I didn't buy'. So.. the fault is mine, but psychologically, the leap to buy is a big one. And if one sells, how easy is it for them, psychologically, to buy again, especially at a higher price? There are many people who can say 'I used to own that stock'.

That's why, when I do buy a great stock, I prefer to hold (as long as the fundamentals remain).

But... I am thinking of working on these human tendencies and maybe become a trader, and maybe a good one, like yourself!

BK