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Old 10-24-2013, 10:23 AM   #166 (permalink)
Chuck33079
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Quote:
Originally Posted by NickTurnon View Post
Just looking for long time growth and have a little fun with stocks that shoot up now and then that I can take advantage of
Your two objectives do not mesh well together. Long term growth is buying and holding stocks with solid balance sheets and looking at big picture trends. Trading is buying mispriced stocks and flipping them quickly. Unfortunately, this means you're often buying turds and hoping it jumps. There's a place for both, but I try to keep speculation down to 10% or so of my portfolio. This also means I don't pay a lot of short term cap gains. When you look at after tax returns on a lot of short term trades, did you really make as much as you though you did?

Look into options strategies if you want to gamble. I'd rather do that than own some of the underlying stocks.
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