That is good advice of long term holds in quality companies....

That is good advice of long term holds in quality companies. If you in momentum stocks or stuff like ZM $Zoom Communications (ZM.US)$ , PTON $Peloton Interactive (PTON.US)$ , Z $Zillow-C (Z.US)$ , DOCU $DocuSign (DOCU.US)$ . Those may not see those highs for years or maybe even never again.

Another example is TLRY. It was a WSB/momentum stock in February you FOMO $FOMO ETF (FOMO.US)$ in over $60 if you didnt panic sold at the first 10% drop you probably lost a lot of money and it may not reach those highs again.