This part I’m not on board with, because the majority volume is going to be doing that either way. Anyone who would see this advice would just be ruining themselves to make some vague statement if they followed it.
Fair, it’s too general to say. More specifically, pulling out because the market is down can just as easily lock those losses in when you’ll recover them by simply waiting. Sure if you can cut your loss then do so, especially with stop loss. But if you’re just using index funds there’s less (or worse) of a point in reacting to the market. So it doesn’t really apply to people who are more hands on.
This part I’m not on board with, because the majority volume is going to be doing that either way. Anyone who would see this advice would just be ruining themselves to make some vague statement if they followed it.
Fair, it’s too general to say. More specifically, pulling out because the market is down can just as easily lock those losses in when you’ll recover them by simply waiting. Sure if you can cut your loss then do so, especially with stop loss. But if you’re just using index funds there’s less (or worse) of a point in reacting to the market. So it doesn’t really apply to people who are more hands on.