Comments on: Questioning the buy and hold, status quo

By: moneyrelations

moneyrelations — Fri, 01 Feb 2008 03:45:48 +0000

Hi Llama Money

Yeah, where’s the fun in that is right I’m buying and holding to protect me from myself as I do pick my moments for swing trades when I think things are oversold and are ready for a bounce. I’m not going to do it for a living as I think I’d be terrible at it, but I honestly think there is pocket money to be had…

Thanks for dropping by, LM!

By: Llama Money

Llama Money — Thu, 31 Jan 2008 19:00:14 +0000

I’m sooo not interested in day-trading ( seems far too risky for my tastes ), buy buy & hold forever doesn’t do much for me either. After all, if I never sell, then I never get anything… or at least not until I’m very old. Where’s the fun there?

Rather, I’m of the mind to invest for the mid term. Not forever, but not daily turnover. Months, maybe a few years… depends on the performance.

By: moneyrelations

moneyrelations — Sat, 10 Nov 2007 13:20:26 +0000

Hi WW,

Honestly, I’m not sure what to make with this day trading thing. Obviously, people make money or they wouldn’t be doing it. Sure there are a lot of people who lose money as well, but that’s no different than buy and hold stocks and not doing your homework.

What gets me is that on some days you’ll win, some days you’ll lose. It’s like watching those professional poker players. They admit they can’t win all the time. But you assume based on your skills of reading market momentum, you win more than you lose. I’m not sure if I can stomach day trading.

Hi Mike,

Definitely, I’m in baby-step mode with the options thing and just gathering info. On the Chicago Board Options Exchange site, there are some free learning tutorials covering the basics as well as a virtual trade tool. I might look into that.

By: FourPillars

FourPillars — Sat, 10 Nov 2007 04:12:46 +0000

You should start on one of those “fantasy” trade sites where you can do the trades with fake money and see how you do (and learn as well).

Mike

By: Wooly Woman

Wooly Woman — Fri, 09 Nov 2007 22:40:11 +0000

Wow a day trader hey? I have never known someone who can actually do this, I am impressed. I would be completely scared to try this, but it seems like it is all about knowledge (which you are gaining) of the stock market and strategies. And why not if you can be successful and beat the 9-5!