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Re: spottrader post# 4100

Monday, 10/05/2009 8:17:42 AM

Monday, October 05, 2009 8:17:42 AM

Post# of 16651
Total and utter BS.
There is no golden theory that works, there is no one formula. The buy and hold is a flawed mechanic that in no way delivers a 10% gain. The drawdowns and inflation have never been taken into account. It would have taken someone around the 1930s over TWENTYSEVEN YEARS to break even using a buy and hold.

With proper trading the buy and hold strategy is utterly useless.
If you believe that it's wise to buy and hold a falling stock (im not referring to mesa, i mean this in the general sense) then that problem will solve itself soon enough. It's called an account wipeout. But hey its good that there are people willing to load up on shares when we are trying to get rid of the shares.
(again not referring to mesa)

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