Nichols,it is much simpler than that actually. I daytrade.
So far in 18 days in 2000 my total return on all my portfolio
is a pleasant 25% ; my hope is to annualize that.
:-)
You and I have different investment strategies .
Yous is a good one, buy and hold, and should be used by 96% of people.
Research has proven however that 4% of people
are successful in what I do and so that is fine for them.
You are confusing daytrading with timing the market.
They are different.
I have 250 opportunities a year to make money,
because that is how many trading days there are.
I am not recommending that you daytrade
I am only saying you are comparing two different things.
However don't go into the market with a 5 year horizon because history is not on your side.
When the market collapsed in 1972 it stayed down for 9 years and that could happen again now.
Neither you nor I or anybody else can predict that it will or that it won't again.
It happened before, it can happen again,
TA
PS:Here is some food for thought
forbes.com
TA
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Message #4732 from Nichols at Jan 19 2000 11:02AM
Tuna- you have been in 100% cash for a few days now right? You are expecting a big crash, right? I am not disagreeing that a
correction will
come-maybe in a month/week/day.But you being in cash and waiting for a huge correction is the exact reason why no one should time
the
market. You've already missed a 10% run up on JDSU. Could run up another 10% before earnings. It WILL be added to S&P one of
these
days. So, you could very well miss a 30% run up, in anticipation of a 20% decline. Yeah, that makes sense to me. Me- I'm not that
smart. I latch
on to a totally dominant company, in an exploding industry, with great management and put my stock certificate in a shoe box and forget
about it
for about 5 years. And when it dips by 30% and buy more. Best of luck!
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