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tigertrader

01/25/10 12:45 PM

#5438 RE: LongCYRX #5433

Long: I don't think your arguments contradict anything Dog stated. Dog is saying CYRX's price action has led him to believe Cyrx warrants a long term hold. "The first statement tells of my "belief" that we have turned a corner based on fundamental developments within the company. " QED
Before you can truly appreciate the point he is trying to make, I think you need to look at it from his perspective. By that I mean, the perspective of a professional active trader. I am referring to actually supporting yourself and your family, solely from your trading income. Pragmatically speaking, unless you are extremely well capitalized, and can go long periods of time without making money, buy-and-hold isn't the best way to go. CYRX is a case in point. I don't think there are too many on this board who have been holding CYRX for the last 4 years, that could have paid the bills based on their ROI in CYRX.
While you will never hit the proverbial home-run while short term trading, it is the best way to "ring the register" or make money with consistency, and in no way does it preclude you from having long term trades on concurrently. And TA, if used properly, is the most important tool that will enable you to make money on a daily basis. Not only is the probability higher of making profitable trades, but the risk is also less, when trading short term.