RE:RE:RE:RE:RE:RE:RE:RE:Worse day for sector since JuneHey Too
My wife & I are really conservative investors and are generally buy & hold of dividend income/growth stocks for the long term. We actually don't believe in taking profits unless it's on a short term trade. We're retirees living off our dividend income so always want a steady stream.
Also, we only do short term trades in stocks we also hold for the long term as I know them and their price movement quite well. So far since mid-March, we've done a total of 104 trades and made a profit on every single one. Basically, when we buy for a short term trade, we never sell until we get a profit. The longest period has been 7 weeks and the shortest was 2'.
I treat the short term trading as a bit of a hobby and only do it when we're around and it fits into our schedule.
Anyway, that's our strategy.
Sarge
Toomuch2b wrote: SargeX, I appaud you for making profit.
In fact, I appaud anyone turning over even 1$ profit. But Reits are know to slide sideways for weeks and many times months.
if you have a stronger sense for gambling higher risk, then there are better stocks you can watch hourly and trade 39 times in a week. All depends your tolerance.
i don't see why one(they know who they are) would wine consistently on the movements of Reits.
Their choice and ease to state the direction of the stock in hindsight.
Good luck to all with each owns investments and remember to lock in some profits as no one knows how high the price will peak.