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Monday, September 09, 2019 7:48:02 AM
I don't like to reply to some posters, but in this case I'll make an exception. What RL says is true of some traders. They are good at judging the intermediate term highs and lows and buying the lows and selling the highs. But many of us, myself included, are not that good at that. Maybe it's personality, maybe it's that we don't want to spend all day in front of a screen with a bird knocking our hat off our head, but for whatever reason we decide to do it a different way. That is, analyze a company, and, if it looks like a good risk reward, take position and wait.
While there are proponents of both, many studies show buy and hold at least for a few years works better. A chart in the link below shows that stocks make most of their gains in 30 days of the year, or even less. That's hard to capture with a timing strategy. People who did not sell at 6.91 may work out better in the long run. I hope so since I am one of them.
In any event, to attack stockholders for not selling at a top is short-sighted. As Kenny Rogers sang, "they'll be time enough for counting when the dealin's done." No matter what some posters think, the dealin ain't done.
https://www.investopedia.com/articles/stocks/08/passive-active-investing.asp
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