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> For example, I bought and sold Virgin Galactic 3 times over the past 13 or 14 months, which tripled my initial capital You would have more than tripled your

• mancerayder 6y ago
  That's patently incorrect, actually. Today the stock is 24.39. On 30/10/2019 I purchased a quantity at $12.40. Let's continue. I sold it all in 2/2020 in 3 separate transactions between $32-$37. Later, I repurchased it at $22, and again two more times as it dropped to the 18's. I then sold everything again at $28... about 10 days ago. So it was two sets of purchases and sales, not three. So no, buying and holding would have not maximized my gains. And this is true for many stocks. By the way, this is in an IRA account so there is no need to think about short v. long-term cap gain taxes here. The behavior in my main brokerage accounts accounts a bit more for the potential tax implications. However, if it's a volatile stock and I think went up or down in an extreme way that I think isn't justified, I'll jump in.