Actually, you're wrong. You don't need to be a daytrader, and it isn't about getting in at bottoms and out at tops.
I trade in and out of a number of stocks, not strictly daytrading, while I hold long positions. Short term trading acts as an excellent hedge, and helps to lock in some level of profits.
I hold a very large long term position in AOL, yet I was buying in at about 80, and trading out at about 95, in a cycle, for some period of time WHILE I held the AOL.....it was a great way to build up cash to invest in other areas.
These trades often took place over a period of weeks, and I never got in at "the bottom" or out at "the top". But, I was close. Whether I miss a cycle or two is meaningless. Everyone does. But, selling ORCL now is probably not a bad thing, if you plan on getting back in a day or two from now. You could lock in some substantial gains, and continue the climb.... |
