RE: Great readGreat article. Some people think buy and hold is dead and isnt the way to make money. Those people are very wrong. Sure some profit taking is understandable but its the ones that wait it out are the ones who make the big bucks. The people that trade will come out even if they are lucky. The ones who think otherwise are losing money and will continue to do so but will undoubtedly be blinded by their small gains here and there. This is why most money managers loose their clients money yearly even though they charge ridiculous fees. The only way you will consistently make money trading is through the use of index funds since they are all cyclical.