Sounds like a short term trader who turns investor when wrong,who massively underperforms in strong bull markets
Yes that's my point...if you are using stops clearly your timing is off ..if you are at or near the bottom then averaging down is the way to go...not for you smchucks because you guys are clueless when it come to TA.
By definition buy and hold is not trading. So when someone mentioned "buy and hold" they are necessarily talking about an investment activity vs a trading activity. this is one of those stupid discussions that keeps coming up on EliteTrader: comparing buy and hold investing to active trading on leverage. Its like comparing touchdowns to homeruns.
We're not talking about buying and holding. We're talking about averaging down which is an art. Versus buying and hoping and stopping out when you're wrong. This method would not work or would be much less effective if you're buying at the top and into the hype like most retail. This is why you guys can't wrap your retail heads around it. You have been drinking the cool-aid for so long
LOL...If you are at the bottom,averaging down is the way to go?? No shit Sherlock... And for shits and giggles,has it ever occurred to you that the reason you arent fully invested and choose averaging down is because your TIMING is clearly off?? In fact,the only time you are fully invested is when you are dead wrong..
Averaging down is an ART??? LOL!!!!!!!!!!!!! Trade a 60 delta at the start line, hope you are wrong,make two 20 delta pit stops to refuel and there you go.
How often do you get the bottom? Nobody gets the bottom. Most all positions go in the red. The whole reason your stop loss gets triggered is because you missed the bottom lol. The level of trading on this forum is anything but elite...it's basically buy at "support" or even worse but at "breakouts" lol with tight stops.
An uncle of mine, who is no longer around, was a bit of a story teller - of the true kind - and when talking of cars loved to mention an acquaintance of his who bragged about having only one of two Maserati Quattroporte's sold in Connecticut that year. It was forever in the shop with electrical problems. Unc said, gee I wonder why only two were sold lol
I know you are trolling in jest,as you are way smarter than you let on... If you are really good at what you do, the approach is secondary