When the stock market is bullish, share prices will keep rising. When this happens, the fear in most people will disappear and they then become greedy. Many may then think that they possess immaculate timing and will hold on to their stocks and ride the upward wave all the way to the top.
There are those of us who know that we do not have good timing. If you are one of them, you are like me. If you don't have immaculate timing, you will not know how high your stocks can climb. Those with good timing can hold on to their stocks and sell at their highs. They will starve themselves until they reach paradise and then, theoretically, they can offload all at once, at a high price.
I don't have such good timing. Hence, when the market is bullish, I am more likely to sell slowly into the strength of the market. Yes, I sell very slowly. I rather eat on the way to paradise than to starve myself until I reach paradise... where I can only hope that there will be a grand feast.
In many ways, when the market is bullish, I am more likely to be slowly selling my stocks. When the market is bearish, I am more likely to be slowly buying more stocks. This is usually the reverse of what most 'investors' will do in the market as they are more likely to buy when the market is up and sell when the market is down.
For those of us who hold larger positions in the marketplace, it is also not easy for us to sell all our stocks all at once as we have to take into consideration, the liquidity of that stock.
Yes, our markets follow the rule of the jungle and it is easier to survive if you are larger. But there are some minor disadvantages like this but overall, it is still much much better to be a large animal in the jungle or a large fish in a small pond.