RE: Schadenfreude18 Oct 2024 17:33
Well, I cannot speak for others, but I have found that my trading successes far outweigh my buy and hold investing strategy successes. Spanning nearly eight years now.
So, unless you can stock pick like Lynch or Buffett, then perhaps finding a method that helps you to make more than you lose (if you are in the stock market as a PI) is all that matters?
Not to mention that there are plenty of very successful traders out there. Bit harsh to call it a mugs game, IMO.
Anyway, have not looked in here for a while, but I see that the SP has retraced quite a bit since then.
That Brown takeout came to my mind too, which jogged my memory to look back in here.
Always an interesting one and as I have said before, fond one for me, having been the most traded stock for me personally. A buy and hold strategy from my very first buy to now, would have me sitting on a fairly large loss, versus roughly a double or so on aggregate. Perhaps more.
Not a brag, FWIW. I have lots of losses under my belt. Especially those that have been in the LTH basket.
Anyway, I am wondering whether a possible head and shoulders might be forming on the chart. Quite early doors (late August to now and the second shoulder has not even formed, let alone a broken neckline etc).
On the other hand, good results should render this more likely to hit a new yearly high, even in a weak market, IMO.
Neither bullish or bearish on this name right now, but rooting for the longs nevertheless. GLA.