Quote:
Originally Posted by ken_xman
This is the kind of thought pattern that causes volatile swings in the equity market. You make money with time in the market, not timing the market. You need to be exposed to proper portfolio management. There is nothing "Vegas" about it. There needs to be a core long term portfolio, and a small % you get to pick as "bets". Wall street.... I resemble that remark.
I manage the real money for several guys that own seats on the floor of the NYSE. They lose sight of the big picture, watching daily movement. I am afraid you are too.
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well, they are there daily. what else are they going to do? twiddle their thumbs?
they watch daily movements
IF i had money in "IT", I would try and time it. Buy low, sell high, right? you buy when you think it's around bottom and sell at around the top, if you can, OR sell sell sell if you have a good profit. There is always another buying opportunity. Always.
short term profits realized over and over again equate to higher ROI than long term holdings that are realized.