RE:RE:RE:BUY AND HOLD or SWING TRADING ?I've been in this sector since last years election. My first position was CGC @ 3.40 at pretty much the peak of the election run. Held the bag down to around 2.50 before selling. Then I've been trading the sector heavily since. Point is, had I just held my original position and sold say around $17 I'd have more money and less stress than all the swing trading I've done since.
Seems the best way to play this sector is to have core long positions, and then some swing trading positions. Too many people complain about losing more money playing the volatility than just holing long. The extent of manipulation in this sector makes it more a luck game than anything.
But the volatility easily sucks you in with greed thinking how awesome to make 30% a day, if you can time it right. Most don't
Canucope wrote: I'm pretty much thinking the same thing. Last time i tried to time a swing
trade I ended up on the wrong end (anyone remember nov 16th?) and had to wait 1 week to get it all back but it came back and more ;)
Now I'm wanting to play it safe but still think it's going to drop on any given day by 15-10% like it's done recently and then kick myself for not waiting.
I would rather be long at this current time as it seems to be the safer bet