im myself long term myself but sometimes don't mind to follow a quick trend to pick some bucks here and there. but don't advse it because its a lot of headache to following it whole day.... long term being months, years, or more as Buffett and the others would say the longer the period the bumpier the ride but the larger the return ;) chahine
I am also more of a long term trader but I have been known to clip a stock here and there for a few bucks. The thing about day trading that a lot of people over look is that requires a nice chuck of capital to make it worthwhile. When you're looking for profitable trades in the pennies per stock range, you have to buy/sell a ton of shares to make it worthwhile. For limited capital it isn't usually worth the risk.
definitely agree with u happyharry
Thank you for all the comments! It sounds like most people here are into the longer term, which respectively also produces very nice returns when the stock is good. Good luck with your tradings! :D
Hmm.....the poll seems to be closed but i thought i would add my 2cents worth. In my portfolio, i think my average holding period is about a year. but then i am just starting off (3 odd years of personal investing now). One thing though i am wavering on and that is selling stock when it runs up really quickly. I have twice been stuck holding an investment too long. Didnt make a loss or anything, but rather missed cashing in at a high. And both times the reason was that the stock had gone up to quickly and i wasnt in the mood to sell so soon after buying the stock. Guess one lives and learns :) Akaz
I have been investing around the same period of time and I agree. If you buy a stock and it runs up quick, it is sort of tough to sell it. You want to hang in and get more. But remember: be careful not to be greedy when you should be fearful and fearful when you should be greedy. If you have a 50% profit, go ahead and sell.
It's probably a good idea to develop some sort of "sell rules" and stick with them. It could be a percentage gain like 50, 75 or 100%. Once the target is met, sell.
That sounds like a good idea, however companies are different and preform very different, a sell rule should perhaps be a variable which is set by you individually on every stock you buy, before you buy it. For example: Stock A: 50% Stock B: 150%
I am leaning towards what dogfeet said. Going forward i like to set a target price and then sell at that price (barring some unexpected change). Akaz
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