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I’m still up 12% (although down from 30%) in this bull market. The trick to buy an array of better companies and to not sell/trade them. Every trade you make gi
by webninja 8y ago
I’m still up 12% (although down from 30%) in this bull market. The trick to buy an array of better companies and to not sell/trade them. Every trade you make gives the HFT MIT quants an opportunity to take money out of your pocket! Hold at least 1 year for the substantial tax advantage, 2 years for gains to materialize (Peter Lynch’s Advice), or indefinitely as Warren Buffet has advised.
Also don’t touch or put more than 3% in options or crypto. 80% of traders lose money with options and crypto doesn’t usually generate interest or dividends. Also crypto taxes were absolute difficult nightmare for me last year.
- coryfklein 8y ago> The trick to buy an array of better companies Congratulations, you just reinvented the S&P 500.
- lotsofpulp 8y agoLol, I can't figure out if that comment is satire or not.
- X-Istence 8y agoWhich is why buying into funds that track the S&P 500 and holding for a long time is a valid way to go...
- adrr 8y agoHFTs don't make money off of retail investors. Can't front run your trade if it can be filled with 1 order. HFTs pray on institutional investors who need to buy or sell large amounts of stock.