RE:RE:RE:Room to RunSQCConsulting wrote: So he gets it....buy on the low...sell on the high or higher. Saw the trend and re-entered at open. Its not always about hanging in there until the bitter end....take profits if you want them. It does not mean you are out.... If it holds 11 by end of day, I will take my profits and wait to re-enter on the the next lower (and by this I do not mean lower than 11). This is playing the market not getting stoned and hoping it always only goes up.....
This strategy completely exludes positive NR potential and missing a good after hours jump. Some people can trade stocks well. They have level 2, they know charts, and they have all the time in the world ot watch the stock. But Canopy and most LP's are retail driven at this point in time. And most retail investors DONT have the time, knowledge, or mental stamina to trade effectively. Buy and hold eliminates the entire risks of bad trades, by trusting the industry will grow into itself. The trick is to invest in solid companies that will survive the inevitable cull. Canopy and few other LP's will be those survivors. This is clear at this point.
Buy and Hold has made more people rich then trading in general. This is an undisputed fact. If you want to trade, go for it, its your money. But I certainly am not 'stoned' believeing this stock will continue an upwards climb over the years.