Long time lurker and fan of ET. Figured I'd hop in on all the fun and finally post. Been accumulating a position in GPN recently. Looking to add more if I get the opportunity. I talk a little about it on my yt channel "M.T. Valencia Trading". Anyone else holding GPN?
LOL: That is true. Unless you count the time your money is tied up when it could be making you money.
That's why you make sure when you win that your profits are enough to compensate you for the time it took to win.
When this market turns I believe Fintech will do really well. And GPN is a strong player in the fintech space that is trading at a strong discount.
No reason to brag about it all over the place If you're lucky the stock holds 90$ + Some more luck for it to reclaim ATH Good luck !
That's a very misinformed mindset. When you sell you just realize a gain or loss. Before that you already are fully exposed to the gain or loss. In fact, you are fully exposed every single second after you open a position, it helps to think of it in terms of holding a futures position. Every day profit and loss is settled and variation margin assessed. It's as if you are starting with a pnl of zero each day after settling the previous days gain or loss. The only difference is tax treatment and transaction cost between holding longer term and on the other side settling the score each single day. Pnl wise both are otherwise identical.
I disagree. Mr. Market quotes random prices every day that you may or may not agree with. Remember, price is what you pay, value is what you get. If I come to your house tomorrow and offer you 10k to buy your house, does that mean your exposed to a 290k loss (assuming you bought your house for 300k)?