Quote:
Originally Posted by GFED
I've only been trading for a couple months but this recent activity of XOM looked like a good opportunity. I bought a call and sold a put on XOM looking for a bounce next week at least above the broken support. Also, I've noticed USO has held support and short interest is lowering.
TLT, GLD, VNQ and XLU all have gone down over the threat of interest rates increasing and a lot of money was moved. Just some thoughts... any opinions?
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yes. im ny opinion, you should retire from trading & become an investor. This recent news clarifys why...basically the cost of frequent trading overwhelms the gains of a portfolio relative to buy/hold.
Warren Buffett on track to win hedge-fund bet - MarketWatch
i know trading is far more fun than sitting in a stock for a decade. But the 1000% monster gains come from holding apple computer since 2005. trading costs destroy any comparable gains over the long run.
your best bet is to buy exxon, wait 10 years, & you will be better off than trading over 10 years.
GL.
