My intension was never to give advise, I only do so if I'm paid for it. My point that TR does not grasp is "in and out trading". He thinks that he can forecast the future. The problem is, no one can with any level of precision.
Usually one should make such statements about those things which are outside of ones capacity with the first person.
So you would say- "I can't trade with any level of precision."
I believe you have demonstrated that fairly clearly- you hold through every selloff.
There is nothing wrong with your approach.
Be aware there are many means to participate in the markets and one is well advised to keep with that which works for you.
Taking your limits and experience and applying those broadly to all market participants is an error.
There is no reason for it outside of hubris or perhaps a lack of that very experience you claim to have.
I enjoy talking about market participation which is the only reason I am indulging in a conversation on these points with you again.
"Telling the future" is a fundamental mischaracterization of what investment entails.
By "holding bluechips forever" in fact you are far closer to trading on fortune telling than I am.
In so doing you state and predict that the future performance will be for those equities you hold.
Think about it a bit- stop tossing out silly labels for those things which you do not understand while you practice those errors you cite others as possessing.
Think about short term strategies for animals.
I describe the single most important characteristic of living beings as being discernment.
That is we can observe and judge outcomes in our environment and alter our behavior to increase our chances of experiencing a favorable outcome.
This is no nuanced thing to start- we shelter during inclement weather and learn to place stores against changes in seasons.
We watch other animals and the wealth of the land vary and alter our movements to take advantage.
We are 'adaptive'.
All animals are- it is as I state our strongest suit.
It is required to survive and we are skilled practitioners.
I always marvel at a particular class of the phylum Mollusca the Brachipoda.
They were the dominant clam if you will for hundreds of millions of years and king of the benthos.
It was a fair bet they would rule forever.
Well they didn't.
You see marina burrowing worms came along and through their activities buried the brachiopods and they were essentially eliminated as 'bivalves' displaced them for containing a more adaptive strategy in the changing marine environment.
Don't be an investor who is static and cannot notice or if you will predict change.
Embrace change and variation by using those skills we all are abundantly in possession of to participate and benefit in it.
Use your skills of discernment.
It is your strongest asset.