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Saturday, November 01, 2014 3:27:34 PM
You may think losing money on the swing trade was stupid, but I think what you can gain from this experience is a valuable lesson in what not to do. Do not try to swing trade unless you know for certain the stock is going to go down. You also have to realize before you do these things that you now have to pay the taxes at the end of the year for capital gain. you not only lost money in trying to swing, but you lost money to the government. Lastly, you lost money in the purchase & sale of the stock, then you lost money again in the re-purchase of the stock when reinvesting.
If you want to swing trade go to SOPW, if you want a stock that you know will go up stay in SLTD.
it is simple, buy and hold, then buy buy buy buy buy. never sell
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