Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: TheBusDriver who wrote (14961)	7/1/2002 9:58:44 AM
From: waverider	Read Replies (2) of 36161

Wayne, just be careful with this "holding quality stocks", "I see no FA change", "traders make less" stuff. The bottom line is that unless you happen to pick the right stock or two out of thousands, the odds are you are going to LOSE money in the stock market. By buying and holding, all that you are really doing is just picking a strategy and hoping you have been lucky enough to pick right...no better than Vegas. The evidence thrown around Wall Street about the average trader losing and long term buyer winning are basically self serving lies. The real story is that most people lose...WHEN you bring in those 20-30 year periods when the market has gone nowhere or worse. I only say this because I used to lecture people about this trading thing. I have found the hard way that the only way to make money and KEEP it is to SELL stocks, not hold them...and use stop loss points ALWAYS. wr

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