Just recently invested some funds in blue chip stocks, major 4 banks, BHP & the like with the express purpose of holding them long term. Watched them oscillate between minor losses and minor gains. Pretty uninspiring experience. So in my infinite wisdom (?) I thought I'd try this "trading" thing. Admittedly, I am apprehensive about the looming hit descending upon my stocks next week, and possibly beyond. My situation/ philosophy is follows. I haven't financed my initial foray into the stock market. I don't require the funds for incurred expenses for my day to day lifestyle. Consequently, I figured I'll leave the stocks as is, if they take a hit, they take a hit. I'll receive my dividends twice yearly and whatever capital loss on paper occurs, will be recouped long term.
Getting back to my trading experience, I made a further purchase of one of the aforementioned stocks as I wanted to "participate" and ultimately have a measure of control over the profitability of my shares. Bought X stock at X price, shares went up approx 0.25 cents, sold them and made close enough to 1K. Thanks for coming! Surely it can't be this easy! I'm considering doing this full- time Just kidding. Question is, what sort of "run" have members had? Is this typical? The saying of "if it seems too good to be true, it isn't" is ringing in my head.