---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40001328.md"
description: "Bernard Baruch said:"Sell down to the sleeping point."Now I can better understand this saying,If you can't sleep,it's either because the stock has risen too sharply and feels unsafe,or it has fallen too much and the drawdown pressure is high.If you already feel uncomfortable,then selling a portion is not a problem.Cutting losses on a part just means a slightly higher cost basis,and not selling at the absolute peak just means missing out on a small part of the gains.Overall, it's about sacrificing a portion of potential profit,but if sacrificing a portion of profitcan help you hold on to this stock better,I think that's a good strategy.This is the inspiration from today's community discussion,and also making peace with myself for missing out on (selling in the night session) a portion of Microsoft today.$Invesco Nasdaq 100 ETF(QQQM.US)$Microsoft(MSFT.US)$Meta Platforms(META.US)"
datetime: "2026-04-17T13:49:08.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40001328.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40001328.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40001328.md)
author: "[做时间的朋友 520](https://longbridge.com/en/profiles/18822385.md)"
---

# Bernard Baruch said:"Sell down to the sleeping…


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## Comments (8)

- **嗯哼 · 2026-04-17T14:13:49.000Z · 👍 1**: That's called selling too early, not missing out😂
  - **做时间的朋友 520** (2026-04-17T14:16:38.000Z): Hahaha, that's exactly what it means.
- **wilsonQiu  · 2026-04-17T14:09:26.000Z**: It's nothing. I've sold my Microsoft options at cost, leaving the profit running. That's the most appropriate way because I can hold it longer.
  - **做时间的朋友 520** (2026-04-17T14:13:44.000Z): Most of my holdings are regular stocks, with a little bit of 2x leverage long.
  - **wilsonQiu ** (2026-04-17T14:25:17.000Z): As for the underlying shares, it's even less of a concern. Holding them incurs no cost, so just keep the remaining ones with peace of mind.
  - **做时间的朋友 520** (2026-04-17T14:30:19.000Z): Yes, the main reason for selling is that the position is relatively heavy. I don't play options, the volatility is too high 😂 Buying the actual stock yields less but also has smaller drawdowns.