Quote:
Originally Posted by 370Zsteve
I should stay away, but how can I resist? Do your due diligence, research and invest in companies that will make you real money rather than listening to fast-buck types that chase squiggly lines around a chart all day.  |
What position are you in to talk down on
trading? You do know that some of the biggest financial institutions in the world have a good portion of their revenue-structure centered around trading, correct? Go tell Goldman Sachs that they are wasting time chasing "squiggly lines” and “buy and hold” is the only way to go. Oh yeah, that’s right…buy and hold was dead for a two year period between early '07 and early '09.
Trading is not about making a speculative "quick buck." Those who treat the markets like a casino usually come out short in the end. Properly executed trades can essentially multiply long-term growth. Of course I have
investments which are managed by other professionals that I don't need to watch on a daily basis, but even an abnormally high 40% yearly return on an investment doesn't compare to 1-1.5%
daily returns from trading.
A perfect example of this is AAPL, one of the few stocks I can mention as my firm holds no current position. I was just stopped out and I still booked a sizeable profit between yesterday and today. Go back and monitor my trades.