Buy and hold needs long experience or long suffering if you dont have experience(like me 
). I sorely wish that I had sold IEX,Laurus ,Globus etc. a year ago when they had doubled from my buying price . On the other hand ,I would have sold Polycab,VBL etc as well and VBL has doubled in last 1 year .
My present idea is not to go the buy and hold way unless its in some particular sector like fmcg,consumer goods etc. where the scope of growth is beyond doubt if general lifestyle improves .For other sectors it better to book out if I think that next couple of years company is not going to perform better than the last one.
@Cshar which was greater ? The pain of 80% drop or the joy of a 18 bagger portfolio ? And how did you handle the drop mentally ??
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