Quote:
Originally Posted by CyberAge-Dave
Very true, I am in an office with lots of employees around. But being in the Internet Business and looking at your computer day in and day out doesn't help. The day trading is fun but as you said, all you do is watch tickers, I watch my traffic on our sites, our sales and everything else that goes on in an office with a staff over 50. So adding day trading to the morning start was fun but seeing the returns on them if I would have just kept them for the long run, thats sad.
And for some reason, the day I sell my stocks, within a few days, they skyrocket. crap
I can understand once, twice but this has happened around 10 times already so I am just going to buy and hold.
Great philosophy you had, Are you still involved in the Market?
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I don't daytrade anymore, don't have the time to sit and follow tickers and don't have neither the patience or the knowledge anymore. been away from it for too long. It's always very hard to try to "time the market", if someone developed a secure or very accurate formula to time the market, that would be a money machine. But much of that has been proven not to work, read on Wikipedia on Econometrics for example, proven not to work already back in the 50's-60's but the dream lives on today. It's all about the dream of easy money.
Today I buy/sell stocks maybe once per week and do major portfolio changes a couple of times per year, I'm out after stable, life long returns, not a quick buck anymore.