Holding PSIX with a Long-Term Plan

2 days ago

"I got an email yesterday. I got several emails this week about stocks. One in particular asked me about PSIX. They said, "Hey, are you still in PSIX because I'm thinking of trimming it today." I wrote back, "Yes, I own it. I own it for a specific reason. I own it. I'm down on this one. I'm not up on this one. This one's at 83. They almost trimmed it yesterday. It's up 4%. This was at about 77 yesterday. And I hope that person didn't sell. I hope they still have it. And if they sold, I hope they journaled about this. Because it's a trade for me.""

The speaker discusses receiving inquiries about trimming his position in PSIX but defends holding the stock as a long-term trade, emphasizing the importance of journaling trades and maintaining conviction in his strategy.

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