Just like I have said, if you have to pay half of profits on...

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g12m0

1,632 Posts.

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10/10/15

18:02

Post #: 16151814
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Originally posted by Autosime ↑

G12mo
I don't agree . Investing in companies is all about timing . This sit and hold is the stuff that the fund management industry wants you to believe.
To illustrate the point and this is not to show off as I have made my losses like all of us , I have made six figure gains on all three stocks on some more than once . Cumulatively COE has delivered 200% plus DLS over 100% and BPT about 80% over a few years
But let's look if I bought and held
Coe entry at 50s initially and then again at 30s
Bpt and 60 , and 90 and 110 and 48 and 46.5
dLS at in the high 40s and then high 90s , low 70s and 50
If I didn't time the market, I would have lost on all of them as of today based on an average entry even if I had only bought my first parcel years ago and done nothing else, I would only be up on DLS. Collectively by timing entry and exits the gains have been over 1m . I don't say this to boast at I lose half in tax as a professional trader but i say it only to illustrate the point that timing is everything, not for the market but for individual stocks .. Absolutely

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Just like I have said, if you have to pay half of profits on taxes with that kind of wins, it won't make you big. Once you take into account the losing bets, profits will be even less. Don't give up on your day job yet. Even bigger money is made on long term bets.

DLS Price at posting: 61.0¢ Sentiment: Sell Disclosure: Held
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Just like I have said, if you have to pay half of profits on...

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