RE:RE:ALA is having a good daymarketsense wrote: Ahh, how sweet it is, at least for now. As for the great trader Vega, I knew the day would
come when his short term calls would fail him. Agreed, no one could have predicted the news
of a vaccine, but if it wasn't that it would have been some other unforseen event to shock the
market into panic or euphoria. That said, if his record is to be believed, he has done exceptionally well with his calls. I am up only 50% plus dividends but had to average down
taking a huge risk by doing so to achieve that. Something I would not recomend on a regular
basis. Despite being hard on Vega, the truth is I envied his nimbleness and ate crow mutiple
times before my strategy of averaging down and hold approach paid off.
Score one for the buy and hold crowd. You finally got one right, at least for now. However, I will continue to trade, thank you, as I think I can continue to outperform you guys over the long run. In fact, I could close my books for the year already having done very well in 2020. Now I think I will go back to bed as it is still early here in California and I have earned my beauty sleep. When I wake up things could be totally different. Who knows? It has happened before.