FormerXBC Inc XEBEQ

Trading vs Investing

[Newtrader1982]

When I first got into the stock market it was to jump on the pot stock craze that was going on. One of the stocks I bought was trulieve (trul) on October 1st of 2018 I bought 4000 shares of trulieve for 17.63 a share a large investment for me $70,520. I sold those shares that same day for 17.88 a share or $71520 a $1000 dollar profit in 1 day fantastic right, wrong. The stock would move along reaching as low as 9 dollars a share so I would have been screwed...not. The stock would then rally to as high as 65 dollars a share in under 3 years. Had I just held on to those shares at the peak my 70k would have become $260,000 dollars and is currently trading at 45-47 dollars a share. I also have other stocks that I short term traded for profits that are significantly lower now than when I traded them with no hope of returning to previous levels so it goes both ways. But when you have a good company long term holding is always the way to go and trulieve is a good company making huge profits and growing. Xebec is something that also falls in the good company category I believe although not making profits yet they will get there and are significantly improving revenues. It's going to be another trulieve story and you will look in a few years and kick yourself for not buying at current levels and holding long term.