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clock Created with Sketch. 19/08/18
23:03
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Originally posted by pac5705
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Davo128. I agree 100%. Those who want to trade in and out will lose. Trying to time the market and make a few pennies here and there will lose. I have bought and held over the past 3 years without trading and today I sit with an average price of 0.22 cents with 1.5 M shares. To those idiots who are happy trying to time the market, all I can say is go back to basics and learn how to invest. When SXY hits $1.00 I will rethink my long term strategy but until then I’m happy to accumulate on the dips and invest in this no brainer for a 3 - 5 year timeframe. SXY is one of the best investments I have ever made and I’m happy to let the kids day trade and lose out on the long term gains that SXY will bring to those loyal longs. Good luck to all, but remember if you’re trying to make real money and not just pennies then you need to play the long game. If not then I suggest you go to a casino and play red or black, but I’d not pick a stock like SXY to ride the wave to wealth accumulation.
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Like one of the greatest investor Charlie Munger said, “investing is simple, but not easy”. It is due to the facts that human is inpatient, very easily distracted and tempted for short term gain at the expense of long term benefits. We are inpatient bunch of investors, for the inpatient to learn to be patient, it will take time and lessons.
Last edited by
slingz :
19/08/18
