Everyone has their own strategy I guess. I thrived even in bear markets by selling a little on the way up, especially to cover my initial investment. This allowed me to have strong hands during sharp corrections. Conversely, I have heard people say they panic dumped because they were still "all in" when the market corrected. I guess I have played it conservatively in retrospect, but it is a strategy that suits me and gives me peace of mind. Yeah, I sold prior to peaks and "missed out" on potential gains, but there are always new opportunities as long as you are still liquid. My strategy has insured my liquidity.