Buy and Hold ? Look at altcoins, BTC and the marijuana
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For the younger generation and many others, if you bought and held some specific sectors...you have been rekt. Sorry!
ACB?
WEED?
SCRT?
BTC?
BABA?
SCRT has been on an incredible ride, which we took very advantage off. See my related idea below about SCRT going to 8$. There is a moment to be in and a moment to be out. Buy and hold may be good strategic in some cases but there seem to have a negative view of the traders mindset. Those whose play the game of swings and emotions as well as rationalise via technical and fundamental indicators. We each have our own strategic way of using the financial system. To me, the last couple of years demonstrated how risky it is to buy and hold. My trades were on those sectors mentioned. If I held any of my past positions. I would not be near where I stand today. Probably because I seek risk asset. But that's also where a lot of money can be made.
It depends on your risk tolerance. A good technical trader that knows how to deal with its emotions and follow the hype will beat the market and exceed any long term trading mentality. You have to play the game. And you can get good at it, not like the casino. It's more, are you that type of person?
I think now might be a good time to get your toes in the water in some assets you are interested in. There is still downturn possibility. Just be patient.
ACB?
WEED?
SCRT?
BTC?
BABA?
SCRT has been on an incredible ride, which we took very advantage off. See my related idea below about SCRT going to 8$. There is a moment to be in and a moment to be out. Buy and hold may be good strategic in some cases but there seem to have a negative view of the traders mindset. Those whose play the game of swings and emotions as well as rationalise via technical and fundamental indicators. We each have our own strategic way of using the financial system. To me, the last couple of years demonstrated how risky it is to buy and hold. My trades were on those sectors mentioned. If I held any of my past positions. I would not be near where I stand today. Probably because I seek risk asset. But that's also where a lot of money can be made.
It depends on your risk tolerance. A good technical trader that knows how to deal with its emotions and follow the hype will beat the market and exceed any long term trading mentality. You have to play the game. And you can get good at it, not like the casino. It's more, are you that type of person?
I think now might be a good time to get your toes in the water in some assets you are interested in. There is still downturn possibility. Just be patient.
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