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Gold/Mining/Energy : Position Trading in Canada
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To: Ward Nicholson who wrote (1762)10/24/1999 6:21:00 PM
From: Thomas Tam   of 2259
 
Ward, very good points raised in your post.

I guess my reasoning behind this initial challenge was to answer a internal debate I have. Is it better to own a quality company (after hours/days of research) and ride out the ups and downs, simply index, or trade with momentum?

Can anyone out there really say they would have done better than simply buying MSFT, INTC or CSCO (some will add DELL into this mix) during the last 10 years and let it ride? With TA and other methods you employ Ward, I'm sure your strategy does flesh out some quality trades with minimal risk.

Definitely indexing bores the heck out of me and can not justify the costs for managers to pick index stocks with little regard to how the company works. Trading was something I dabbled in earlier this year, made lots and lost lots with good and poor timing.

Now I simply buy companies that should command huge percentage of their market and ride it out. I trade things suggested by some colleagues, but this sure consumes a large amount of time to follow the trading with respect to volume/price/breakouts/etc. Our "full-time" jobs do require our attention and this may distract from our ability to trade effectively (at least for me).

So my question to the thread is there anyone out there who outperformed JDU over the last twelve months regardless of which philosophy of "investing" you use. Is diversity really a good thing? Or it is a way to reduce your returns over the long run?

Hope I was a little more clear here. But Ward thanks for the replies thus far.

Later
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