Consistency or one time large profit?

Discussion in 'Trading' started by Trade Prophet, Mar 19, 2021.

  1. Me too @Johannab! It is better to keep making money than getting some large profit at once. I have that in my trading plan and I have to say it is working out just fine for me. These days I’m on a broker hunt and I can’t find a platform that offers tight spreads and is also reliable. Any suggestions would be great.
     
    #21     Mar 26, 2021
  2. piezoe

    piezoe

    No, keep doing what you're doing. Diversify among the best stocks in stable, well capitalized S&P companies with bright futures. Sit on cash or Treasury Bills if you have to, to avoid buying at near all time highs. Every few years there will be buying opportunities on market corrections of 10% or more. Pick up stocks like AMZN, GOOG, DEO (liquor), JPM, GS, AMGN, APPL, NTR (fertilizer), ASML (IC technology), (add some mining and metals in there too, SQM for example). Once you have done that, then add small amounts of one or two high flyer volatile stocks if you want a little more excitment. Buy in a Roth Account to simplify the bookkeeping and avoid taxes on gains. Then just sit and enjoy the ride.
    (Or you could buy BLK, and let them do this same thing for you, with less hassle but also less fun and satisfaction. :D)

    Keep in mind that any stock that has a significant probability of going to the moon overnight also has a significant probability of going to virtual zero overnight. Because these stocks are traded almost entirely on irrational human emotion based on some combination of information , misinformation, and disinformation and blatant hype, rather than careful consideration of their realistic prospects.
     
    #22     Mar 26, 2021
  3. Johannab

    Johannab

    I don’t use a particular platform for trading and I kind of like to go for multiple ones. Right now I have Tradestation and Fxview as my brokers offering low spreads. Since the conditions suit me, I find them okay. However IDK what would qualify as ‘reliable’ for you.
     
    #23     Mar 30, 2021