Yes you can put stops in, when investing long-term, but people tend not to do so, as they become attached to their analysis of the fundamentals and convinced of their perspective...it's a bit dangerous, don't you agree? Maybe some really put in all the effort, and get out when they're wrong, nimbly, but...do you see that happen for the most part?
I do not know what the market is going to do and when. My main occupation has nothing to do with trading and sometimes I get so busy with that I can hardly watch the market at all. When I have a breather, as now for a few weeks, I like to get back into it and position trade, or sometimes daytrade. I am (quite obviously) much less sophisticated than veteran daily traders of longstanding, some of whom I admire include Mike Watkins, from watching him for months trade realtime; also from his posts, Shoreco...but in terms of percentages, I do okay. I'm fairly cautious, tho.
It takes all kinds to make a market, so there's room for everybody. |
