What will happen if a stock is held for 10 years without selling? I have a friend who bought a stock in 2015 and then got stuck. Adhering to the principle that as long as he doesn't sell, he won't lose, he has been holding it long-term. His long-term holding method is to delete the software and only download it to check occasionally.
Recently, there has been talk that a bull market is here, so he hurriedly downloaded it again. From a 60% loss in 2015 to now a 59% loss in 2024, he is on the brink of collapse. For anyone in a similar situation, regardless of what stock you buy, you must have a plan and set a stop-loss point. In our market, there is no such thing as making big money by holding long-term; generally, long-term holding leads to significant losses. You either add positions to trade or cut losses at the stop-loss point. The biggest delusion of ordinary retail investors is how many times they can multiply their investment, but in reality, they are living in a state of unfreezing every day!
