Have you ever let it ride?

vida · 4 February 2007

oops I meant to write, I am not trying to time the market, of course. I am running a good portfolio which hovers between 89% to 96% in profit after 4 years of accumulating and rarely selling anything, only when I need to finance a purchase in shares which I think are better value. I am not an expert but follow the stock market avidly and keep us as much as possible with what is happening and try to make sense out of it. It is not that easy.

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vida said:
The stop loss thing is something I never use. Its easy to set up now with the online brokers, to happen automatically. It makes them a lot of money, as the brokers don't care if clients sell at a loss, as long as they make their brokerage fee on every trade. The best investment is probably ETrade cause they will be raking it in with the set up of automatic stop losses such a big thing now and so many online traders buying/selling in short term. THere was recently the big rise in Benitec from .02cents to 09cents and then to .48 cents then down to .125 cents lately, which all happened during a four month period. The volatility was incredible on the way up and down and the stop losses triggered would have made the brokers a lot of fees. I avoid them personally, and ride it out as in the long run it makes more sense. I am trying to time the market, but to buy when a good investment when it is undervalued and then I keep it for many many years no matter what happens.

Have you ever let it ride?

vida

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