Umm I'm anything but a day trader, My portfolio turns over maybe 1 year to 18 months or even longer. As long as the stock has good prospects or is still doing good I'll hold it.quote:
Originally posted by Ray Garlington:
Not raggin' on you or anything, but this thread is really misnamed. These guys are all day traders. So it should really be "Traders....come in please".
But... I'll add one thing about long-haul investing. You can reduce the business risk associated with investing by buying the market (or a subset of the market if you think you can predict the future of a market segment). This can also reduce expenses and headaches.
Now on the other hand, I've had a few that appreciated 40-60% in less than a year. Pulled out my profit and placed it else that is poised to grow.
You hold on to some stocks too long and they just sit there. Also you have 300-400% return and watched it go all the way back to 0 you will be just like all those whiners in 2000 that paid $100/share for companies like LU, CIEN, GLW, SUNW etc....
I've got a good mix of tech growth, and long term dividend paying value stocks. The key is to be diversified.
(and a little day trading can be fun too.
I just don't have time to watch it.