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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: AUrush who wrote (65433)	10/12/1999 1:53:00 PM
From: JakeStraw	Read Replies (1) \| Respond to of 90042

>>...it always seems my longer term holds do most of the work in my portfolio - and >>then I daytrade here and there to get "gambling" out of my system... Most of my longer term plays have always paid off more than my speculative ones. Someone once asked me if I didn't consider investing to be a form of gambling and I said I considered it to be more of educated guessing! It's really more of a discipline... I'm always long on my core positions & add to them on weakness. My mid term holds I sell when they reach my target price, and my purely speculative plays are bought with current capital gains that can then also be used as a capital loss for income tax purposes if needed.

To: AUrush who wrote (65433)	10/12/1999 2:07:00 PM
From: jas cooper	Read Replies (4) \| Respond to of 90042

CNBC/MSNBC did a piece yesterday (I'm sure it will be on several times again) on a California study that compared buy-and-hold strategies to more frequent trading. Although the basis of their findings may be a little skewed, the fact remains that people tend to do less research on stocks that they plan to hold short term. In 1997 I made about 500 trades. In the end, all it brought me was a higher tax rate, and much more time preparing income taxes. For every short term trade I made that benefited me, there was another that went the wrong way. Now when I go to sell something I ask myself if I have a legitimate reason. If not, I let it ride. Online access, and dirt cheap commissions make it all to easy to pull the trigger. How many people who buy 50 $2 lottery tickets every week would buy one if they were $50 apiece?