Tomorrow’s gonna blood bath. What’s the argument against selling most of your portfolio Monday morning and buying it back in the future?

You always hear about buying and holding through rough periods in the market.

But by the looks of it, I’m fairly positive that my Nasdaq stocks are all going to be cheaper on Wednesday than they will be tomorrow morning.

I’m considering just selling about half of my portfolio (it’s about 100k in total) tomorrow morning and just buying it back within the next few days to weeks from now based on how things go.

The market is freaking the fuck out, and I’d rather be in cash than ride this to the bottom, however far down that may be.

Any arguments against this approach, or reasons why not to do this?

I assume I’ll have to pay taxes on all my gains, which I’m okay with because the last week and a half wiped out a sizable portion of them anyways, and I’d rather at least preserve some gains than lose all of them.

I also realize that if I buy back within 30 days, I won’t be able to claim and capital losses on my tax return. I suppose I’m fine with that too.

The alternative is potentially losing another 10% of my portfolio in the next week or two, which is honestly where it looks like the market is headed.

Idk, how are you guys approaching this situation? Sounds like many of us are in the same boat here haha