How goes it for the people who sold at $22 now its at $24 and you cry like little babies. That is why day trading is a joke. Sometimes you win but turning investing into gambling is never a smart idea.
I am chilling here on my huge gains in TEX knowing it is still substantially undervalued. Why would I sell out to get an extra cent if it drops lower.
Seabrease-- forgot to mention that the current trading range on TEX is only about $2. But one of my other holdings, LVS, traded in a $10 range for about 18 months.It finally brokeout,so i have quit trading it and just sitting with my core position as it goes up.
Seabrease--- I am in it long term. I am just taking whatever the stock will give me in a trading range while i wait for the breakout to higher levels.I never risk my core holdings,just buy a couple hundred shares on a pull back and sell them when it hits my target.
Look James, there certainly is a strong argument for buying and holding. My own father has done well with that game plan. But even my father agrees that if a person has there s.. together, knows and studies the market it is reasonable to conclude one can increase there rate of return by doing a little in and out. To call me a day trader is an exaggeration. And I suspect people like cron would agree.