Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 220.28

-6.4%

Nov 20 3:59 PM EST

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To: Dr. Bob who wrote (26589)	11/20/1998 2:25:00 PM
From: Math Junkie	Read Replies (1) of 70976

Well, I'm not totally opposed to short-term trading, and in fact reserve a portion of my investment funds for just that. But one thing I found during the last up-cycle was that many of my short-term trades ended up hurting as much as helping. A lot of times I would sell only to miss out on a major up-move. Once the general up-trend was started, I found it happening all too often that once I sold a short term holding, I would not be able to get back in at a lower price than I sold at. I would have been better off just buying when business was bad, and holding until business was rip-roaring. Depending on your tax bracket, the difference between short-term and long-term capital gains can be significant, too. While I remain attached to the concept that I may one day get "good at" short-term trading, the random element in short term moves prevents me from feeling safe in committing the lion's share of my funds to it.

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