5 ms·
Hey, if you bought MSFT yesterday at 2:09 pm and sold it at exactly 2:29 PM you could have made a 2% return in just 20 minutes! So amazing. Now just do that eve
by edblarney 10y ago
Hey, if you bought MSFT yesterday at 2:09 pm and sold it at exactly 2:29 PM you could have made a 2% return in just 20 minutes! So amazing. Now just do that every day and you could make 1000% in a year! ... is the logic you keep using.
- icedchai 10y agoNope. The difference is you don't need to time the market when investing over long periods of time. Timing the market requires luck. Investing for 10+ years doesn't.
- edblarney 10y agoIf you are using the above logic of 'if you bought in 2008 and held today' - then it's about market timing, not fundamentals. Anyhow - you cannot win over time, unless you can beat Deep Blue over chess. And by 'win' I mean outperform the market. Of course, some people will, some won't - but it's a game of probability there. Again - unless you specifically have more information that the person you are trading with - then you're throwing darts at the board. 99.9% of Retail Traders do not have any special information WRT their investments. Ergo, they are not really investing.
- icedchai 10y agoWhen people say "timing the market", they mean short term timing. Holding for almost a decade is not market timing.