Dines recommends to buy and hold through the ups and downs. I like that approach. It is easier said then done to time trades, get in and out at the right times.
When I bot LAM in the .90 cent range, I just held it, through the ups and downs, and was seriously thinking of selling it at 14.00 dollars and putting the cash into lower priced stocks. I still may do that if the vote down under doesn’t look like they will lift then ban on mining.
But back to LAM, if the fundamentals have not changed in the stock, and we are still in an uptrend, why take profits too early? No one will know where the top is until it's too late. And you don't hear from people who messed up a trade, you just hear the winners who traded on time and made money. No one wants to talk about their losers.
Not everyone can trade successfully and consistently, if they could we would all be making piles of money and would quit our day jobs. Read all the books you want, take all the courses you want, the fact is a small percentage of people make money trading. |
