Long positions Q

[Clarkstondude]

since 7 months ago my parade has been rained on considerably so I have changed strategy. I have been taught some very cruel lessons and have a simple question after being hit in the head a few times.

In your opinions do you hold long positions overnight or cash out each day?

What is your reasons?

[IIC]

since 7 months ago my parade has been rained on considerably so I have changed strategy. I have been taught some very cruel lessons and have a simple question after being hit in the head a few times.

In your opinions do you hold long positions overnight or cash out each day?

What is your reasons?

Depends on the market...Been bad since October 26th

[Karel]

since 7 months ago my parade has been rained on considerably so I have changed strategy. I have been taught some very cruel lessons and have a simple question after being hit in the head a few times.

In your opinions do you hold long positions overnight or cash out each day?

What is your reasons?

Now why don't you ask Warren Buffet that question? Or, for that matter, $$$Mr. Market$$$? In a sense, trading is the best way to lose money real fast.

You are feeling rotten. So am I. In my investment portfolio, I have lost 15% in USD and 18% in EUR (I pay my bills in Euros) since the end of October. That is comparable to SPY (-13%) and IWM (-15%), and better than QQQQ (-18%). Since I know that my investing method will outperform the markets in better climes, I am content to stick to it, so as to be ready when the market is. In all that time I have been invested for 90% or more on the long side of the market.

In a bull market everyone will do very well, and attribute this to their own geniality and the excellence of their strategies. In general, people tend to attribute success (and failure too, btw) to their own actions. They want to have the feeling that they are in control. Well, sometimes you are not in control.

The best way not to lose your head is to pick a strategy you can really trust. Not because it has worked the past two years: that may have been a lucky shot. Most likely this will be moderately simple strategy, with components that make sense.

And how do you measure success or failure? You may have lost the last few months, but if you are still ahead on the whole (or ahead of the markets, whichever is higher) why the lamentation and the soul searching?

Regards,

Karel

[skiracer]

since 7 months ago my parade has been rained on considerably so I have changed strategy. I have been taught some very cruel lessons and have a simple question after being hit in the head a few times.

In your opinions do you hold long positions overnight or cash out each day?

What is your reasons?

if you cash any positions you take during the day and cash out by end of day aren't you daytrading in a sense. I think you have to evaluated your trading discipline on a number of points and develope a strategy that you are comfortable with for all markets. The first being emotional control and staying out of the markets when it doesn't suit your discipline and trading strategies. Get that under control and know how you want to trade first. Yours is a good question but reveals flaws in your discipline and personality towards your trading.

[Peter Hansen]

BIG MO to the rescue

One of the best stocks of all times is Phillip Morris ,NO FUSS NO MUSS, they pay great dividends, split often, fantastic expansion in foreign markets , and according to Jeremy Siegal ( Distinguished Professor Wharton School Business ) If you had placed $1000 into the S&P 500 index fund when first started you would have about $140,000 today....NOt BAD.....but that same $1000 placed into Big MO would be worth 6 MILLION today .....40 times as much !!

My advice to any young person ......stick some money into a ROTH IRA ....buy Big MO and let it ride ....you will NEVER have any regrets and retire RICH!!

[billyjoe]

Also MO will announce in a few days the spinoff of PMI Philip Morris Intl. which will become separated from Philip Morris U.S.A. that also owns 28.6% of Miller beer.

--------------billyjoe

[skiracer]

Also MO will announce in a few days the spinoff of PMI Philip Morris Intl. which will become separated from Philip Morris U.S.A. that also owns 28.6% of Miller beer.

--------------billyjoe

It's been in our retirement acct. forever and in the dividend reinvestment (DRIP) plan. Just plowed the divys back into the stock and over the years it has grown nicely. We only buy the actual stock when the price is depressed. It is a dividend cow.
Another great one that I have mentioned here several times is New Jersey Natural Gas (NJR). They just announced another split coming up in February. This has been one of the best stocks I ever bought and over the years and the DRIP program it has done real well by us. A good time to buy is coming up as it will be a 3 for 2 split and the price will be down under 30 or so. I will be buying as much as I can afford and in another 2-3 years it will do it again.

[Peter Hansen]

SKI Thanx for NJR

It's been in our retirement acct. forever and in the dividend reinvestment (DRIP) plan. Just plowed the divys back into the stock and over the years it has grown nicely. We only buy the actual stock when the price is depressed. It is a dividend cow.
Another great one that I have mentioned here several times is New Jersey Natural Gas (NJR). They just announced another split coming up in February. This has been one of the best stocks I ever bought and over the years and the DRIP program it has done real well by us. A good time to buy is coming up as it will be a 3 for 2 split and the price will be down under 30 or so. I will be buying as much as I can afford and in another 2-3 years it will do it again.

Ski These are my 6 picks for a "Super Buy And Hold Portfolio" Click on the charts below.....These babies will blow the roof off any portfolio over time .....especially recommended for ROTH IRA ....I have these in my daughters account except for NJR which I will add .Take care Pete

http://quicktake.morningstar.com/FundNet/Snapshot.aspx?Country=USA&pgid=hetopquote&Symbol=CGMRX

http://quicktake.morningstar.com/FundNet/TotalReturns.aspx?Country=USA&Symbol=CGMFX

http://quicktake.morningstar.com/StockNet/StockReturns.aspx?Country=&Symbol=NJR

http://quicktake.morningstar.com/StockNet/StockReturns.aspx?Country=&Symbol=MO

http://quicktake.morningstar.com/StockNet/StockReturns.aspx?Country=&Symbol=LUK

http://quicktake.morningstar.com/StockNet/StockReturns.aspx?Country=&Symbol=CNQ